The Certificate in Pension Transfer Advice provides the in-depth knowledge and practical skills needed by anyone seeking to advise on the transfer of safeguarded benefits, an increasingly important part of the advice process following the Government’s pension reforms.
The Certificate satisfies the FCA’s qualification requirements for advising on pension transfers.
The Certificate in Pension Transfer Advice is suitable for retail investment advisers and non-advisers alike seeking to undertake pension transfer work and become pension transfer specialists investment advisers and non-advisers alike seeking to undertake pension transfer work and become pension transfer specialists. It is ideal for retail investment advisers, paraplanners, technical consultants and those in financial planning support roles wanting to update their knowledge in this area
The Certificate in Pension Transfer Advice meets the current FCA requirements to be a pension transfer specialist. However, the FCA have announced in October 2018 that, from 2020, those requirements will increase so that all pension transfer specialists will have to have the full qualification for retail investment advice. For many people this will entail no new qualification requirement as they already hold the CII’s Diploma in Regulated Financial Planning or Diploma in Financial Planning. However, those holding only the Certificate in Pension Transfer Advice will need to undertake further qualification study.
The FCA’s October 2018 announcement does not immediately change anyone’s qualification to practise. We already had draft plans to create clear guidance and a path to qualification in line with the new rules when they came out and were awaiting the final direction of the FCA decisions. Now that this has been confirmed, we will finalise and publicise our plans soon.
The Certificate comprises four compulsory units, providing 70 CII credits on successful completion. These credits can be used towards further CII qualifications.
- Financial Services, Regulation and Ethics (R01) – 20 CII credits
- Investment Principles and Risk (R02) – 20 CII credits
- Pensions and Retirement Planning (R04) – 10 CII credits
- Pension Transfers (AF7) – 20 CII credits
For units in this qualification, students typically have access to the following materials as part of their enrolment:
- Study text (printed and/or digital) with digital updates
- RevisionMate online study support, including end of chapter tests
- Exam guides containing a practice exam and guidance
- Assessment entry
Additional or different resources may be available for some units.
Select units to complete this qualification
Please read the Completion Requirements section above before selecting any units as these provide essential information on what you need to do to successfully complete this qualification.
Explore and purchase units
- Optional units are not available.