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The Level 6 Diploma in Financial Advice (Adv DipFA®) 600/6862/0 is an advanced qualification for ambitious retail investment advisers that can lead to Chartered status. The Diploma is two levels above the Level 4 DipFA® qualification and requires a large amount of independent study. The qualification is ideal for professionals that would like to differentiate themselves from their peers and demonstrate the highest of professional standards.
Each of the units are taught entirely online and have been developed in close consultation with working professionals in the financial advice sector and feedback from our members. The Diploma explores in more detail the theories and practices associated with financial advice and planning for customers.
Taxation, Trusts and Tax Compliance (TTTC) Unit
TTTC provides comprehensive coverage of the UK taxation and trusts legislation and regulations and enables students to interrogate existing rules and provide appropriate recommendations.
Managing Investments (MANI) Unit MANI teaches the principles and theories associated with performance measurement of investments and how to manage investment portfolios to achieve client objectives in accordance with legislation and regulations.
Award in Pension Transfers (AwPETR) / Pension Transfers Unit PETR equips students with the required knowledge and practical skills in order to excel as Pension Transfer Specialist. Find out more on the Award in Pension Transfers qualification page.
Later Life Planning and Advice (LLPA) Unit LLPA enables students to develop a strategy for a UK client's later life planning and also to advise clients or other stakeholders on the implications of financial decisions taken in later life.
Please refer to the 'Studying' tab to view registration and examination dates.
Further information relating to the Adv DipFA Qualification Specification.
View the Level 6 Diploma in Financial Advice (AdvDipFA) product card.
Read more about the Qualifications and Credit Framework (QCF).
Each unit has the following associated fees:
* Bursaries are available to eligible students.
Please note: No core study materials or printed study guide are provided for this qualification.
If you wish to obtain the Level 6 Diploma in Financial Advice; you must complete all four units.
Each unit which is part of the Adv DipFA® is a distance learning qualification delivered online using structured weekly study guides. It is recommended that the average student spends 150 hours Total Qualification Time (TQT) for each unit. The complete course is achievable within 18 - 24 months.
You will be provided with online access to a variety of learning support material including online tutor support, webinars, student forums and group activities, access to ifs KnowledgeBank, exemplar coursework and examination papers.
Students will also have online access to a student handbook and a weekly learning plan covering key qualification features, study technique and content applicable for achieving the learning outcomes.
2016 (1) L6 TTTC+MANI+PETR+LLPA - Feb 2016 session
(2) L6 TTTC+MANI+PETR+LLPA - Aug 2016 session 2017 (1) L6 TTTC+MANI+PETR+LLPA - Feb 2017 session (2) L6 TTTC+MANI+PETR+LLPA - Aug 2017 session
Please note that fees are payable if you wish to defer your studies after registration.
The following resources are extracts from the Taxation, Trusts and Tax Compliance unit and are provided to give you an idea of the course approach, design and workload before embarking on the programme.
The following is a study guide topic representing one week's work from the Taxation, Trusts and Tax Compliance unit. The study guide for each unit is delivered online through a course website and contains embedded activities and resources.
View the example study guide week.
Each unit is an online course and the course website is the centre of all the activity. The video below (1 min 12) will give an overview of how the website works and an idea of what to expect from online learning with the Institute.
Webinars are online tutorials led by your tutor. The following video is a short extract (1 min 24) from the Taxation, Trusts and Tax Compliance unit introductory webinar, where the tutor outlines the range of resources available to support students.
Please note that in order to reflect any changes to syllabuses, including matters arising from the annual budget, the study materials for some units are updated annually. It is your responsibility to ensure you are studying from the most up-to-date materials. The most up-to-date learning materials, updates and amendments can be found on my ifslearning, and we suggest that you log in regularly to check for updates.
Each unit is assessed by a written coursework assignment and a written paper-based examination.
The coursework assignment element consists of one question worth 25 marks. Feedback on the coursework assignment will be given by the unit tutor.
The paper-based examination element consists of short and long answer questions worth 75 marks.
A minimum of 40% is required to pass; a maximum of 25% attributed from the coursework assignment element and a maximum of 75% attributed from the paper-based examination element.
Pass coursework assignment
Fail coursework assignment
Full re-registration required
Pass coursework assignment
Re-attempt the coursework assignment
Individuals can claim CPD by studying any studying any of these Level 6 units. This CPD meets the requirements set out by the Financial Conduct Authority (FCA) for purposes of retention of an SPS or CPA.
The FCA requires:
The SPS / CPA CPD requirements are clearly set out in the Institute's Continuing Professional Development Verification and Recognition Policy (CPD)
Individuals will be required to demonstrate their commitment to achieving the qualification by evidencing their study path / plan.
As a general rule, the Institute will allow a maximum of 10 hours per week to be claimed as CPD from studying any of the units in the Adv DipFA®. If individuals have carried out more study time than this they should clearly document why additional time is being claimed in their CPD log.
The recommended maximum CPD claims and the mapped exam standards are as follows:
Individuals studying for a resubmission of new summative coursework assignment or a resit of an examination will be permitted to claim additional study time. The Institute expects that CPD time claimed for this additional study accurately reflects the time taken to bring the individuals knowledge up to the necessary standard to pass the summative coursework assignment or examination.
To register for any of the units, students must already hold ifs University College DipFA® or equivalent qualification as deemed appropriate by the FCA for the provision of Financial Advice. Register by post / email - download and complete the following registration form and either send this to the address stated on the form or by email.
You will need to have Adobe Acrobat Reader installed on your computer to view these files – you can download this program for free from the Adobe website.
If you have any questions about your application, please contact Student and Customer Services on +44 (0) 1227 818609 or email us.
Membership of the Institute of Financial Services includes access to benefits that help you to maintain your skills and knowledge, as well as supporting your career ambitions. It costs £72 per annum and can be paid monthly by Direct Debit at no extra cost.
Apply for membership
If you complete all four units, you will obtain the Level 6 Diploma in Financial Advice (Adv DipFA®). Successfully completing the Adv DipFA® can lead to Chartered status with the Institute. Applicants for Chartered status must have at least two years' relevant work experience.
Achieving and maintaining Chartered status is a mark of professional standing that recognises academic achievement, an ongoing dedication to professional development and a commitment to the highest ethical and business standards.
Once Chartered status has been achieved it must be maintained through membership of the Institute, and completion of a programme of high quality, structured, continuing professional development such as that required to qualify for a Statement of Professional Standing under the FCA's rules on training and competence for retail investment advisers.
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