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LIBF recognises practical investment planning qualification

LIBF recognises practical investment planning qualification

Practical investment planning (PIP) has been formally recognised as a specialist unit for the advanced diploma in financial advice awarded by the London Institute of Banking & Finance.

In order to complete the diploma which leads to chartered status, candidates must complete four units.

These include: taxation, trusts and tax compliance, managing investments, pension transfers or financial planning in retirement and a specialist unit. 

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The latest inclusion of PIP can now be taken as a specialist unity.

John Somerville, head of financial services at LIBF said: “Investment planning is an important skill for any adviser, but particularly for those with clients who have more complex needs. 

“As a qualification, PIP fits in well with our ethos of providing qualifications that take a practical approach and really bring learning to life. 

“It also mirrors some of the innovative approaches we take in the assessment of individuals’ skills and knowledge.”

Somerville said the accreditation process of Practical Financial Exams was “very robust” and “to a very high standard”.

Michael Pashley, managing director at Practical Financial Exams, said: “As PIP is coursework-based, we believe it can be comfortably sat alongside the three compulsory Adv DipFA units, providing a practical context for many of the technical concepts. 

“Alternatively, it can be tackled on its own outside the pressure of the other units.”

He said it is recommended that anyone planning their chartered journey with the LIBF consider PIP as their chosen specialist unit.

“My team and I are absolutely delighted with this recognition, and we look forward to working with the LIBF going forward,” he added.

“It enables us to provide our PIP candidates with not only a brilliant qualification, but to help with their LIBF advanced diploma and chartered status as well.”

sonia.rach@ft.com

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