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Level 6 Financial Planning in Retirement

(FPIR)

Professional qualifications

Level 6 Financial Planning in Retirement (FPIR)

Develop knowledge and understanding of the increasing complexities of financial planning in retirement and enhance skills that are valued within the sector.

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About the qualification

Getting your clients to understand the need for effective financial planning is more important than ever. A growing number of people are approaching later life with more detailed objectives and a wider range of financial needs. Retirement isn’t just about pensions anymore.  

FPIR will develop your knowledge and understanding across a broad range of areas relevant to later life financial planning – enabling you to offer advice in more areas, from pensions and inheritance tax to long-term care and equity release.  

By developing your analytical skills and financial knowledge, you’ll be able to focus on your clients’ needs to ensure sufficient funds for their retirement goals. You’ll also be able to offer your clients a higher standard of advice throughout their later life as their needs and priorities change. 

This practical course has a new assessment style – more in line with an adviser’s daily role. That means you can put into practice what you learn straight away.  

Throughout the course, you’ll have access to tutor support, a study forum and group activities as well as study materials. 

You can study FPIR on its own or use it as an optional Level 6 module in the Level 6 Diploma in Financial Advice (Adv DipFA), which can lead to chartered status. 

While studying with us, you’ll become a Member of The London Institute of Banking & Finance (MLIBF). Membership offers benefits such as career 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
  • Income generation strategies from pensions
  • 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.
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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.
Regulation
  • 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.

Units

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

Timetable

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

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

Details Date 
Registration deadline  23 January 2023
Course start date  13 February 2023
Forum contribution deadline  06-15 March 2023  
Video presentation deadline 17 April 2023
Timed assessment deadline  15 June 2023

Details Date 
Registration deadline  24 July 2023 
Course start date  14 August 2023
Forum contribution deadline  04-13 September 2023  
Video presentation deadline 16 October 2023 
Timed assessment deadline  14 December 2023

Assessment

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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