Award in Pension Transfers Information

Professionals who want to offer pension transfer advice must meet FCA requirements.

LIBF Level 6 Pension Transfers (PETR®) Qualification

Professionals who want to provide pension transfer advice must meet the relevant FCA qualification requirements. The LIBF Level 6 Pension Transfers (PETR®) is a specialist qualification designed for financial advisers who want to develop the knowledge and skills required for pension transfer advice.

The qualification covers the legal and regulatory framework, the pension transfer market, assessing individual client circumstances, analysing pension transfer options and making suitable recommendations.

PETR® is a Level 6 qualification and a specialist option unit within the Level 6 Diploma in Financial Advice (Adv DipFA). When combined with the Diploma for Financial Advisers (DipFA) or another appropriate RDR-compliant qualification, it meets the FCA qualification requirement for Pension Transfer Specialists.

The qualification typically takes around five months to complete, with study sessions normally beginning in February and August.

The LIBF registration and assessment fee for the Level 6 Pension Transfers (PETR®) qualification is £560. This fee is payable directly to LIBF and is not included in Clarity FT course fees.

Overview

The Pension Transfers (PETR®) qualification consists of one specialist module covering the knowledge and application required for pension transfer advice.

The syllabus includes the regulatory framework governing pension transfers, analysing client circumstances and objectives, assessing the implications of transferring safeguarded benefits and applying appropriate pension transfer solutions.

PETR Assessment

The PETR assessment consists of two components:

Component 1: A 90-minute electronic examination comprising 20 standalone multiple-choice questions and three case studies, each with five linked multiple-choice questions.
Component 2: A four-hour timed assessment, based on a pre-released case study, consisting of four mandatory questions.

Candidates must achieve the required pass standard for the qualification.