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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.

People listening to a lecture

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    

Units

PETR consists of one unit.

Unit - Pension Transfers (PETR)

T/505/9677

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

Studying

Study Timetables
February 2019 session
August 2019 session

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

150 study hours are recommended.

Your registration fee includes the following study support:
  • Online access to study materials
  • Student handbook covering key qualification features, study technique and content applicable for achieving the learning outcomes of the units
  • Online tutor support
  • Webinars
  • Online student forum and group activities
  • Exemplar exam paper

 

CPD

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

     

    Assessment

    PETR is assessed through a written paper-based exam:

    • The exam consists of two sections. One section based on a pre-released case study and the other  section of stand alone written questions totalling 100 available marks.

    The pass mark is 40%

    View information on examination booking and venues

    Workshop-LIBF
    Professional-LIBF

    Register your interest

    By registering your interest you will receive monthly updates regarding our qualifications and services within this area.

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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

    Frequently Asked Questions

    The registration fee includes the study text, in both book and PDF format, the first sitting of your examination and/or coursework and online access to the MyLIBF area of the website.

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

    You can find out more information about the bursaries we offer here.
    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. 

    If you find that the qualification you have registered for is not appropriate to your needs, you may cancel it. A full refund will only be given providing all learning materials are returned to us, fully intact and undamaged, within 14 calendar days of receipt. However, if you have already booked an examination, no refund will be given.

     

    After 14 calendar days, all fees are non-refundable and non-transferable. If you have registered for a qualification where study materials are provided online only e.g. resit and CSDG students, a refund may only be requested within 14 days of The London Institute of Banking and Finance receiving payment.

    This is dependent on the type of examination you are sitting.

    Electronic examinations

    These are controlled by Pearson VUE and you will need to contact them directly via using the details on the ‘important registration information’ link on the MyLIBF home page.

    If you are unable to attend your examination, please contact Pearson VUE as soon as possible to cancel or reschedule your examination, allowing a minimum of one full clear business days notice prior to your examination. For example, the deadline to cancel or reschedule an electronic examination due to take place on a Tuesday would be the Friday before. 
     
    AFA examinations

    All electronic Advanced Financial Advice (AFA) examination and all paper based examinations are taken on a set date (as per the qualification timetable) and it is not possible to change the date and time. You may however, be able to change the venue or defer to a later sessions and should contact the Student and Customer Services team via email or by phone on +44 (0)12 2781 8609 to enquire.

    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 that there has been an error in the marking of your assessment, you may apply for an assessment result enquiry. This policy does not apply to the applicant who believes that their performance during an assessment may have been adversely affected by external factors, for example, noise, illness or unforeseen circumstances. These cases are dealt with under our Special Consideration Policy.

    Please read our Assessment Result Enquiry Policy fully as this sets out the key stages for applying. An application form is included within the policy and must be sent to us within 10 working days of the assessment outcome being communicated to you.

    For any of the above, we recommend that you first contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email enquiries@libf.ac.uk to discuss the nature of your concern and for us to offer guidance regarding the process.

    Appealing a decision

    Students also have the right to appeal to a decision that has been made in the course of the assessment of their programme of learning. An appeal may only be submitted in relation to final decisions.

    An appeal application must be submitted to us within 15 working days of the date of our letter advising the outcome of a decision. If the appeal application form is received after the deadline, we reserve the right to refuse the application. Please read our Appeals Policy, in particular Section B - 'making an appeal'.

    Making a complaint

    A complaint should be made as soon as possible, but no later than ten working days from the date of the incident occurring. 

    We deal with all complaints as promptly as possible and within clearly defined timescales. Where it is not possible to meet these service standards, students will be informed of the progress of their complaint. The stages for handling a complaint are as set out within our CPQ Complaints Policy.
     

    ... Recognition of Prior Learning (RPL)?

    You can apply by completing the RPL application form and sending the form and certified copies of your qualification certificate or transcript to the email or postal address on the form.

    We aim to consider and respond with an outcome to your application within 10 working days. In the event that an enquiry proves complex, we may need longer than initially anticipated to investigate it. In such cases, we will make sure that you are kept informed of progress.

    You can find the RPL policy here.

    special consideration?

    You can find our CPQ Special Consideration Policy here. You will need to complete an application form and submit this with your documentary supporting evidence. Given the individual nature of special consideration claims, we would recommend that you also contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email enquiries@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 examination date. Any applications made outside of this timescale must include an explanation as to why the delay has occurred.

    We aim to consider and respond with an outcome within 5 – 10 working days of receipt of your application. This timescale may be longer In the event of your application being referred to the Concessionary Board.

    … reasonable adjustment?

    Given the individual nature of reasonable adjustments, we would recommend that you contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email enquiries@libf.ac.uk for an informal discussion before you submit a request. This will allow us to fully understand the nature of your request and advise you on the type of supporting evidence required.

    You can find our CPQ Reasonable Adjustments Policy here. An application form is included within Section A, and must be sent to us at least six weeks prior to the date when the adjustment will need to be in place. 

    Contact

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

    FAQs
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