The Institute of Financial Services has unveiled a new QCF Level 6 qualification, called the Advanced Diploma in Financial Advice (Adv DipFA).
It will be available to study from October on a distance learning basis. Those completing it successfully will be eligible for Chartered status.
The new Level 6 qualification builds on the Institute’s Diploma in Financial Advice, the DipFA, the QCF Level 4 qualification.
The Institute of Finance Services says the Advanced DipFA is aimed at advisers who want to differentiate themselves from their peers and demonstrate their commitment to professional development and standards by going beyond the threshold qualification level.
“We are offering this new qualification in response to a clear demand from the industry,” said Anne Kiem, Chief Executive Officer at the Institute. “Since its launch in 2008, the Level 4 DipFA has become one of the leading qualifications in Financial Advice. It is natural therefore, for us to want to build on this and offer the industry a new, higher level qualification, enabling advisers a way to continue their learning and showcase their commitment to professionalism.
“The Level 6 Advanced Diploma in Financial Advice builds on the characteristics which has made our DipFA qualification a success; its practical application, strong research bias and collaborative approach, all guided by tutor support.”
Kiem added: “The industry knows all too well that demonstrating high professional standards is key in today’s environment. Our new Level 6 qualification, through its design and academic rigour, coupled with Chartered status, offers advisers the ideal way to demonstrate this.”
To be eligible for the programme, applicants must already hold a QCF Level 4 qualification, such as the Institute’s DipFA or an equivalent qualification in financial advice and planning.
Once achieved, Chartered status with the Institute will be maintained through membership of the Institute and by undertaking a structured programme of high quality annual CPD.