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Level 6 Financial Planning in Retirement

(FPIR)

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.



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

Benefits for you

  • Follow a structured course with weekly study and tutor support
  • Enjoy student membership of LIBF for one year with additional benefits
  • Use the ‘FPIR’ designation once you have completed the qualification
  • Study FPIR as a standalone qualification or combine it with our Level 6 Diploma in Financial Advice (Adv DipFA) and achieve chartered status
  • Access research tools and industry analysis through KnowledgeBank and Financial World
 
Registration fee £490 – includes study materials, assessments and exam entry
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.
When to apply? Registration is now open.
The first study session will start on Monday 19 April
Number of units One
Average time to complete Five months 
Study type This qualification is online, and you will follow a structured timetable
Study materials

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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Assessment type Forum contribution, video presentation and timed assessment
Regulation This qualification is registered with Ofqual in the Regulated Qualifications Framework (RQF).
 

Get up-to-date information relating to Coronavirus.

Units

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

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.

Timetable

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

Details Date 
 Registration deadline 07 April 2021
 Induction week 12 April 2021
 Course start date 19 April 2021
 Forum contribution deadline (x2 dates) 03 - 09 May 2021
17 - 23 May 2021
 Video presentation deadline 21 June 2021
 Timed assessment deadline 19 August 2021

Details Date 
 Registration deadline 23 July 2021 
 Induction week 09 August 2021
 Course start date 16 August 2021 
 Forum contribution deadline (x2 dates) 30 Aug - 5 Sep 2021
13 - 19 Sep 2021
 Video presentation deadline  18 October 2021
 Timed assessment deadline 09 December 2021

Details Date 
 Registration deadline 24 January 2022 
 Induction week 07 February 2022  
 Course start date 14 February 2022   
 Forum contribution deadline (x2 dates) 28 Feb - 6 Mar 2022
14 - 20 March 2022
 Video presentation deadline  19 April 2022 
 Timed assessment deadline 09 June 2022  

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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Frequently Asked Questions

Your registration fee includes the qualification study materials, and the first sitting of your exam and/or coursework. You will also gain access to MyLIBF (our student portal). Some qualifications include a hard copy of the study text, access to student forums, tutor forum support and specimen papers.

If you need to resit your exam or coursework, you will need to register and pay for a resit.

In line with our charitable objectives, we make means-tested bursaries available to students studying our qualifications.

Bursary information

If you would like to apply for a bursary, please email our Student and Customer Services team or call them on +44 (0)12 2781 8609. Please ensure that you have details of the qualification you intend to study when contacting us. 

Recognition of Prior Learning (RPL):
Recognition of Prior Learning (RPL) encompasses a student’s previous non-certificated and certificated achievements obtained through another awarding organisation. This has previously been known as an exemption.

Please read our Recognition of Prior Learning Policy as it explains the steps to take when applying. Your application will need to include certified copies of your qualification certificate or transcript.

We aim to provide an outcome within 10 working days. If we need longer, we will let you know.

Special consideration:
The Special Consideration Policy applies to students who believe they have been disadvantaged during, or before, an assessment because of an injury, illness or other unforeseen temporary circumstance beyond their control that may have adversely affected their performance in one or more assessments.

Please read our Special Consideration Policy as it explains the steps to take when applying. Your application will need to include supporting documentation.

Given the individual nature of special consideration claims, we would recommend that you contact our Student Support team on +44 (0)1227 818609 or support@libf.ac.uk for an informal discussion before you submit your application.

For your claim to be considered, you must have initially notified us of your circumstances on or before the submission deadline for coursework or within five days of the exam date. Any applications made outside of this timescale must include an explanation as to why the delay has occurred.

We aim to provide an outcome within 5 – 10 working days. It may take longer if your application is referred to the Concessionary Board.

Reasonable adjustment:
We are committed to providing an inclusive educational experience for all students, regardless of any disabilities or learning difficulties they may have and realise that, without reasonable adjustment, students may be prevented from demonstrating their true level of ability during an assessment.

Given the individual nature of reasonable adjustments, we recommend that you contact our Student Support team on +44 (0)12 2781 8609 or support@libf.ac.uk for an informal discussion before you submit your request. This will allow us to fully understand the nature of your circumstances and advise you on the type of supporting evidence required.

The Reasonable Adjustments Policy explains the steps to take when applying and has an application form included. Your application must be received, with supporting documentation, at least six weeks prior to the date when the adjustment will need to be in place.

You have 14 calendar days from your course start date to cancel your registration and arrange a refund by calling our Student and Customer Services team. You will need to return any hard copy study texts in its original condition.

After this period all fees are non-refundable and non-transferable.

If you have booked your exam with Pearson VUE (and are within the cancellation period), you will need to contact them directly at least 24 hours prior to the exam date to cancel it. Then allow at least two hours before calling our Student and Customer Services team to cancel the qualification registration and arrange a refund.

Contact Pearson VUE on +44 (0) 370 608 1915 (Europe, Middle East, Africa region).

Electronic Pearson VUE exam:
Before your registration expiry date you can cancel your exam or change your exam date, time or venue (subject to availability). You will need to contact Pearson VUE directly, giving a minimum of 24 hours’ notice online or at least one working days’ notice by phone prior to your current exam booking. For example, if your exam is booked for a Monday, the latest you can reschedule is the previous Friday.

Pearson VUE can be reached via the details given on your Important Registration Information link on MyLIBF or our ‘Exam booking and information’ page.

Session based exams (set exam date as per study timetable) including Advanced Financial Advice (AFA):
Please telephone Student & Customer Services directly to discuss your options. You may be able to change your venue, but will need to call us at least eight weeks before your exam date to check.

For all exams, if you are unable to provide the required notice due to significant mitigating circumstances, such as sudden illness, please contact Students and Customer Services straight away as you may be eligible for Special Consideration. Supporting documentary evidence is required for a Special Consideration application.

Making a result enquiry:
If you believe there has been an error in the marking of your assessment, you can apply for a result enquiry.

The Assessment Result Enquiry Policy explains the steps to take when applying and has an application form included. Your application must be received within 10 working days after we have communicated your assessment results.

This policy does not apply to students who believe their performance during an assessment may have been affected by external factors, for example noise, illness or unforeseen circumstances. These cases are dealt with under our Special Consideration Policy.

Appealing a decision:
You have the right to appeal to us to review decisions that have been made in the course of the assessment of your programme of learning. An appeal may only be submitted in relation to a final decision.

Please read our Appeals Policy as it explains the steps to take when applying, in particular section B 'making an appeal'. Your application must be received within 15 working days after we have communicated the outcome of a decision.

Making a complaint:
A complaint should be made if you are dissatisfied by one of our products or services as soon as possible, but no later than 10 working days from the date of the occurrence.

We deal with all complaints as promptly as possible and within clearly defined timescales. The stages for handling a complaint are listed in our CPQ Complaints Policy.

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