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Level 6 Financial Planning in Retirement


Professional qualifications

Level 6 Financial Planning in Retirement (FPIR)

Learn how to take a holistic approach to financial planning – from pensions and inheritance tax to long-term care and equity release – and gain the knowledge and skills you need to critically evaluate your client’s retirement options.

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About the qualification

With increased life expectancy, an ageing population and a growing number of people approaching retirement – later life planning is becoming increasingly complex.

On this practical course, you’ll learn how to ask your clients the right questions and use cashflow modelling to review their options.

This will enable you to give better financial advice that helps your clients achieve their hopes and aspirations in retirement. And you'll be able to continue offering your clients a higher standard of advice throughout their later life as their needs and priorities change.

As you study, you’ll have access to tutor support, a study forum and group activities as well as study materials. And when you successfully complete FPIR, the designation after your name will highlight your professional credibility to potential clients, peers and networks.

You can also use FPIR as a optional unit towards the Level 6 Diploma in Financial Advice (Adv DipFA), which leads to chartered status.

While studying with us, you’ll become a Member of The London Institute of Banking & Finance (MLIBF), receiving benefits including careers support and access to professional networking events.

Your studies will cover

  • What you need to consider for retirement planning
  • Assessing your client’s needs and aspirations for when they want to retire
  • Examining your client’s current financial position
  • Understanding cashflow tools and management
  • Considering the options for later life and inheritance tax (IHT) planning
  • Analysing estate planning

How much does it cost? £490 – includes study materials, assessments and exam entry
Average time to complete
Five months
Number of units One
How will I be assessed? Various assessments. View the assessment section for further details

You can take your exam at a test centre or at home with remote invigilation
What study materials do I get?

As part of your fee, you’ll get: 

  • access to our virtual library KnowledgeBank
  • online access to all study materials
  • online access to our student portal MyLIBF
  • online student forum and group activities
  • exam papers
  • online tutor support
You will be learning on our new VLE Brightspace, click on the logo to find out more.
How will I study? Everything is online, you’ll follow a structured timetable
 Entry requirements You must have passed the Level 4 Diploma for Financial Advice (DipFA) or an equivalent qualification that meets the current FCA retail financial advice standards.
  • Registered with Ofqual in the Regulated Qualifications Framework (RQF)
  • Meets the Financial Conduct Authority's (FCA) examination standards

Get up-to-date information relating to Coronavirus.


Before you can register for the Level 6 Financial Planning in Retirement (FPIR), you must have passed the Level 4 Diploma for Financial Advice (DipFA) or an equivalent qualification that meets the current FCA retail financial advice standards. 

If you do not have this qualification then please visit our DipFA page.

Unit – Financial Planning in Retirement (FPIR)

  • Understand the need for effective financial planning in retirement
  • Evaluate clients needs, aims and objectives
  • Understand and evaluate a client’s financial position
  • Evaluate and apply suitable financial planning tools
  • Analyse various retirement income options
  • Consider the options for effective later life and IHT planning


You can register for one of the following study sessions throughout the year:

Details Date 
Registration deadline  24 January 2022 
Course start date  14 February 2022 
Forum contribution deadline  14 March - 23 March 2022  
Video presentation deadline 19 April 2022 
Timed assessment deadline  16 June 2022

Details Date 
Registration deadline  25 April 2022 
Course start date  16 May 2022 
Forum contribution deadline  13 June - 22 June 2022  
Video presentation deadline 18 July 2022 
Timed assessment deadline  15 September 2022

Details Date 
Registration deadline  25 July 2022 
Course start date  15 August 2022 
Forum contribution deadline  05 - 14 September 2022  
Video presentation deadline 17 October 2022 
Timed assessment deadline  15 December 2022


There are three different types of assessments.

1. Forum contribution
You’re required to contribute to activities assigned to you and post your responses in the online forum.

2. Video presentation
You’ll be provided, in advance, with a case study based on a client’s query to analyse and record your findings in a video presentation. 

3. Timed assessment
You’ll receive a pre-released case study followed by a series of questions. On a set date and time, you’ll have four hours to complete the assessment.

You will follow the structured timetable for the session that you register for. All assessments are included in your registration fee. Resit prices are listed in the fees section.
When you have successfully completed the qualification, we will post your certificate to you.

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