An elderly couple and a financial planning retirement planner are looking at a smartphone and discussing matters at a desk surrounded by a laptop and documents
LIBF Part of Walbrook Institute London
Financial services

Level 6 Financial Planning in Retirement (FPIR)

Level 6 Financial Planning in Retirement (FPIR)

As your clients move through their retirement journey, their needs and circumstances are likely to change. The idea of what retirement looks like is also continually changing.

Retirement isn’t just about pensions anymore – fewer people have access to defined benefit schemes and more rely on several sources of income after retirement.

Helping your clients understand the need for effective retirement planning is, therefore, more important than ever.

FPIR will develop your knowledge and understanding across a broad range of areas relevant to later life planning, enabling you to offer advice in more areas – from pensions and inheritance tax to long-term care.

By developing your analytical skills and financial knowledge, you’ll be able to focus on your clients’ needs to ensure they have sufficient funds for their retirement goals. And because later life planning has become more complex, you need to take a holistic approach:

  • using cashflow modelling

  • encompassing all your clients’ potential revenue streams and assets, and

  • taking advantage of any available tax allowances.

To do that well, you need to able to ask difficult questions – about long-term care, health, life expectancy and funeral planning for example.

You can study FPIR on its own or use it as an optional Level 6 module in the Level 6 Diploma in Financial Advice (Adv DipFA), which can lead to chartered status.

During your studies, you’ll become a Member of LIBF (MLIBF), receiving benefits including careers support and access to professional networking events.

How will I study?

Everything is online, and you’ll follow a structured timetable.

Key information

Fees

  • £540 – includes study materials, assessments and exam entry.

Who can study FPIR?

  • Financial advisers

  • Financial consultants

  • Paraplanners

  • Financial planners

  • Independent financial advisers (IFA’s)

  • Wealth advisers and wealth managers

  • Retail investment advisers

To study FPIR you must already hold a Level 4 financial advice qualification approved by the FCA, with us or another awarding body. If you have not, please see our Level 4 Diploma for Financial Advisers (DipFA).

If you have qualifications from us or another awarding organisation, you may be able to count them as credits towards FPIR. See our Recognition of Prior Learning policy.

Study duration

  • Five months

Modules

  • One

What your studies will cover

  • What you need to consider for retirement planning

  • Assessing your client’s needs and aspirations for when they want to retire

  • Examining your client’s current financial position

  • Understanding cashflow tools and management

  • Retirement income generation strategies from a range of pensions and investments

  • Considering the options for later life and inheritance tax (IHT) planning

  • Analysing estate planning

Your qualification at a glance

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    Assessments

    Assessments consist of one 90-minute written electronic exam and one timed assessment with pre-released fact find. View the assessment section for further details.

    Once you’ve passed you’ll receive a digital certificate. A paper copy can also be ordered for an additional fee.

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    Regulation

    Registered with Ofqual in the Regulated Qualifications Framework (RQF).

Module information

Before you can register for the Level 6 Financial Planning in Retirement (FPIR), you must have passed the Level 4 Diploma for Financial Advice (DipFA) or an equivalent qualification that meets the current FCA retail financial advice standards.

If you do not have this qualification then please visit our DipFA page.

Are you eligible for an exemption?

If you have qualifications from us or another awarding body, we may be eligible to apply for recognition of prior learning.

What study materials do I get?

Included in your course fee, you’ll get access to:

  • access to our learning platform, Brightspace

  • expert tutor support through an online forum
  • two webinars with your tutor during your study session

  • online peer discussion forum

  • exam papers and other exemplars as and when available

  • online study materials

  • access to our virtual library KnowledgeBank

  • online access to our student portal, MyLIBF.

Timetable

You can register for one of the following study sessions throughout the year:

Assessments

There are two different types of assessments.

You'll need to conduct a full 360-degree scan of your testing space, including above and below your desk, using your laptop/webcam.

1. Written exam

You will be assessed by a 90-minute electronic exam consisting of written questions.

Take your exam at home with remote invigilation, on a fixed date as per the study timetable. Please refer to the timetable above for exam dates.

2. Timed assessment

You’ll receive a pre-released case study followed by a series of questions. On a set date and time, you’ll have four hours to complete the assessment.

You will follow the structured timetable for the session that you register for. All assessments are included in your registration fee. Resit prices are listed in the fees section.

Fees

The prices shown below are for our on-campus MSc Business and Management programmes only. They are inclusive of your holding deposit and do not include any reductions or scholarships.

  • Registration fee

    £540

    includes study materials, assessments and exam entry

    Register now

Corporate bookings
If you are a company and want to register a cohort of students onto FPIR please email corporate@libf.ac.uk for further information.

Progression

The Level 6 Financial Planning in Retirement (FPIR) unit is also available as an optional unit in the Level 6 Diploma in Financial Advice (Adv DipFA).

Once you've completed Adv DipFA, you will be eligible to apply for chartered status.

Request more information

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Questions about our professional qualifications?

If you have any questions about our professional qualifications in finance and banking, please contact our customer services team.

Our professional qualification customer services office is open:
Monday to Friday from 8.30am to 5.30pm UK time.

Student adviser ready to help you through any queries