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Level 6 Pension Transfers (PETR)

Professional qualifications

Level 6 Pension Transfers (PETR)

Meet the FCA regulations for providing advice on Pension Transfers in as little as five months with this cost-effective and practically-orientated qualification.

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About the qualification

Recent legislative reform has resulted in an increasing need for access to high quality and appropriate pension advice, both generally and specifically relating to transfers. When combined with the Diploma for Financial Advisers (DipFA®), PETR meets the qualification requirement for pension transfer specialists, enabling you to provide advice on both defined benefit and defined contribution schemes.

This single module qualification provides the required knowledge of the pension transfer market place and the practical skills which will enable you to excel when giving guidance and recommendations to clients. Your studies will focus on developing a comprehensive knowledge of the transfer options available and their implications, an enhanced understanding of client needs and detailed analysis and data evaluation skills.

The Pension Transfers qualification is a Level 6 qualification registered with Ofqual in the Regulated Qualifications Framework (RQF).

Key information

  • PETR can also be studied as part of the Level 6 Diploma in Financial Advice (Adv DipFA®)
  • Structured weekly study with two study sessions available per year – see ‘Studying’ section
  • Comprehensive study materials are provided
  • Paper-based exam assessment
  • Upon completion, you are able to use the ‘PETR’ designation after your name    

Get up-to-date information relating to Coronavirus.


PETR consists of one unit.

Unit - Pension Transfers (PETR)


Interrogation of rules, legislation and regulations in order to provide appropriate recommendations on strategies to meet a client's pension transfer needs. You have the opportunity to study this unit as a standalone qualification with the LIBF Level 6 Pension Transfers.

CPQ Blue Testimonial

Since completing the qualification my confidence in advising clients has increased and I now undertake pension transfer work for other firms. I would recommend the qualification to anyone looking to gain additional knowledge in the area of retirement planning.

Adam Caga Director RVW WealthCare Ltd


There are two study sessions for PETR every year and it is recommended you study for you may hours.

Please note that fees are payable if you wish to defer your studies after registration. 

 Details Date 
 Registration deadline  22 January 2021
 Course start date  15 February 2021
 Exam date  10 June 2021

 Details Date 
 Registration deadline 23 July 2021
 Course start date 16 August 2021
 Exam date 09 December 2021


150 CPD hours can be claimed by studying PETR. These meet the requirements set out by the Financial Conduct Authority (FCA) for purposes of retention of an SPS or CPA. 

PETR relates to the following FCA Exam Standards for claiming CPD:
  • Pensions law
  • Regulation in relation to pensions planning
  • Aims & objectives of retirement planning including the investment issues and structure
  • Characteristics and application of defined benefit and defined contribution schemes

  • Visit the CPD page for further details and requirements



    PETR is assessed by a three-hour session-based written exam, split into two sections:

    • Section A: based on a pre-released case study
    • Section B: standalone written questions

    Find out more about the exam venues


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    External PETR training courses

    Some students prefer a qualification route with extra learning support. We have recognised a select number of PETR training course providers offering to help support your learning and understanding of the concepts and materials.

    PETR training courses are optional and do not include our PETR qualification registration fee. You will still need to register and complete the PETR qualification through us, as we are the only provider who can award PETR.

    Find out more

    An RLSP is a training organisation that has joined our RLSP scheme and has been formally recognised by us as delivering appropriate additional learning and training support.


    To gain our recognition, an RLSP’s course is assessed rigorously and must continue to meet our standards for the quality and relevance of course content, delivery, trainers, and all programme management procedures.


    While all RLSPs’ courses undergo regular monitoring, they might not be suitable for all students and we offer no guarantee of success in the exam to users of them. If you are considering using third party services, it’s very important that you assess their offering against your needs and choose your provider with great care – please see the FAQ on what you should look for when choosing a learning support provider.

    Using a third party learning provider is entirely your choice: it is NOT a requirement. However, once you have commenced studying and you feel a need for extra support, paying for an additional course might benefit you.


    For example, an extra online course from a training provider might be structured in a way that suits your learning style. Alternatively, many training organisations also offer classed-based workshops and live webinars. The benefits of these include learning with fellow students with the guidance of a qualified trainer, being able to discuss topics relevant to you, undertake varied activities, practice exam questions and better understand your progress and learning gaps - all away from the distractions of a work/home environment

    There are dozens of learning support providers offering training courses. Please be aware that while websites appear to be professional-looking, not all are bona fide organisations: for example, click here for a ruling by the Advertising Standards Agency in 2018.


    So, if you are considering using a learning support provider that is not an RLSP, we strongly recommend you research it fully. Here are some hints and tips to help you:

    • beware of providers who only offer a call-back service
    • do an online search on the address: does it operate from professional-looking premises?
    • are course fees clearly stated? Does it tell you need to register with The London Institute of Banking & Finance?
    • is syllabus information accurate and up to date?
    • read the provider’s terms and conditions
    • we know of some organisations that use our logo and RLSP badge without permission, so first check RLSP pages for an up to date list of recognised providers.
    • do not simply register and/or pay for a course online. You should first phone the organisation to discuss the course and your needs. If they cannot describe the course in detail, or if there is no answer and they do not reply to voicemails or e-mails, you should be very cautious.

    We are aware of a number of revision courses and learning materials being offered for sale online. If these are not being offered by one of our Recognised Learning Support Providers, you should be very wary of buying these items, even if they appear to be good value. The provider and the materials have not been reviewed by us and therefore their quality and relevance to your studies is unknown. Note that these materials might be incomplete, inaccurate or out of date and could be misleading to you.

    If you have any concerns, Sue Sedwell, Head of Accreditation: ssedwell@libf.ac.uk will be happy to help you. 

    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.


    For registration and other enquiries please contact Student and Customer Services on +44 (0)12 2781 8609.


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