What is the Diploma for Financial Advisers?
The Diploma for Financial Advisers is a new
qualification for financial advisers, who are now required to
enhance their professional status by demonstrating a higher
level of knowledge and skills. The deadline for achieving the
qualification is the end of 2012.
The Diploma is accredited at Level 4 in the
National Qualifications Framework and this is consistent with
the professionalism proposals within the Financial Services
Authority's ongoing Retail Distribution Review.
What options are available when studying for the Diploma?
There are a number of different routes
available to those wanting to achieve diploma success, the
best being determined by the student's past experience and
academic background. The two institutions active in the
provision of the diploma qualification are as follows:
In this section, we will look at the options
provided by each.
Institute of Financial Services
To achieve the ifs version of
the Diploma for Financial Advisers (DipFA), students need to
complete two compulsory units, these being:
On completion of Part 1, Financial Services
Regulation & Ethics (FSRE), candidates will be able to:
demonstrate knowledge and understanding of
financial institutions and be able to identify the
different types of service that they provide
identify and explain the functions and
importance of the main components of the monetary and
demonstrate an understanding of the
reasons for regulation of the financial services industry
and the key principles of that regulation, including both
statutory and self regulation
recognise and appreciate the influences on
the financial institutions and markets including financial
intermediation and disintermediation
demonstrate an understanding of the
concept and nature of risk and evaluate factors to the
advice process for financial advice
On completion of Part 2, Advanced Financial
Advice (AFA), candidates will be able to:
evaluate and analyse complex information
regarding clients' financial circumstances, needs and
understand how to design, monitor and
critically assess a bespoke portfolio with reference to
market indices and empirical evidence
understand how to evaluate the various tax
considerations that need to be taken into account when
making a recommendation for a client
research and critically evaluate options
develop plans for the implementation of
present and explain their findings in a
logical, clear, concise and coherent manner
Chartered Insurance Institute
To achieve the CII version of
the Diploma for Financial Advisers, students need to complete
a combination of units, the precise configuration being
depenent on the student's circumstances.
Save This Page?
Before you move on, you might want to add this page to your
favourites list so you can find us easily if you ever want to
revisit us in the future. To add this page to your favourites
- In Internet Explorer -
- In Netscape - Press CTRL-D.
- In AOL - click the small red heart at the top of this
- If you would like to view a video tutorial to demonstrate our training aids, please click UNDERSTANDING ENDOWMENTS.
- If you would like a personalised quotation for Financial
Diploma training, please click QUOTATION.
- If you would like to express your interest in the ifs
DipFA training or the CII Diploma training, please click CONTACT
- If you would like to consider our Diploma distance
learning (home study) option, please click DIPLOMA
- If you would like to see our public diploma course dates
and prices, please click to view our COURSE
Alternatively, you may continue to browse around our site at
your leisure by clicking on the any of the buttons in the top
BACK TO TOP