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Certificate in Financial Planning Diploma in Financial Planning Advanced Diploma in Financial Planning Advanced Diploma in Financial Planning The Financial Services Authority expects staff at all levels and functions to demonstrate the necessary skills for their role in order to perform effectively. The regulator’s Retail Distribution Review has concentrated heavily on the need for advisers to reach and retain a recognised level of professionalism indicating that they have accumulated technical knowledge of the market and products and are keeping their knowledge and understanding current in order to give appropriate advice. The Advanced Diploma in Financial Planning is aimed very much at fulfilling and even exceeding these requirements. It develops advisers’ specialist financial planning skills and knowledge at an advanced level, building on work already carried out for instance through completion of the Diploma in Financial Planning. It provides staff with the knowledge they need to perform effectively particularly with sophisticated and complex scenarios thus supporting regulatory compliance and reducing risk to the business. In addition, it not only improves the efficiency and flexibility of staff, but also enhances their individual career prospects. The qualification satisfies the FSA’s regulatory requirements for appropriate qualifications for financial advisers. It has been accredited by the Qualifications and Curriculum Authority (QCA) as a Level 6 qualification. The Advanced Diploma has a choice of five subjects of which candidates are required to pass at least four. They can select any units they wish from 1 to 4 to achieve the necessary credits needed to attain the Advanced Diploma. However, they must take and pass unit 5. Each subject needs to be passed by examination.
As part of the CII’s credit based system, each unit is worth 30 credits. To achieve the Advanced Diploma, candidates will need to accumulate a total of 290 credits (120 of which need to be at Advanced Diploma level). The remaining 170 credits can come from any examinations offered within the CII’s financial services qualification framework although at least 40 must be at Diploma level or above. To enter for the Advanced Diploma, candidates must be qualified to certificate level (eg Certificate in Financial Planning or equivalent). There is no requirement to achieve the Diploma in Financial Planning before the Advanced Diploma although it is recommended. By completing the Advanced Diploma in Financial Planning, candidates will be able to demonstrate an advanced level of knowledge and understanding of the financial services market in specific areas, enabling them to stand out from others thus providing a competitive advantage. The qualification once complete qualifies the candidate to use the title Chartered Financial Planner (subject to at least 5 years relevant experience). FSTC provides face to face revision courses for all units within this qualification. In addition to our standard courses, we are more than happy to tailor our training to meet your specific needs |
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