The ifs School of Finance today says its new RDR-friendly qualification, the Diploma for Financial Advisers (DipFA) will cost £500.
The School says the cost of DipFA, unavailable until later in the year, represents “real value for money” as most advisers could achieve the qualification within a year.
DipFA will be only the third available qualification at the Level 4 standard - which has been earmarked in the RDR as the level all UK advisers will need to reach – with the Institute of Financial Planning’s CFP and the Chartered Insurance Institute’s Diploma in Financial Planning the alternatives.
But the School says the qualification, unlike its Level 4 counterparts, does not concentrate solely on technical knowledge and pays greater attention to the practicalities of financial advice and “real-life” scenarios.
Mark Roberts, head of financial regulation at the ifs School of Finance, says: “We have very carefully considered the costs of providing what will be a unique and important addition to the qualifications landscape.
“As always, we are keen to keep costs to a minimum and believe £500 represents real value for money - especially when you consider this will include access to a dedicated online forum, a range of online materials, a study guide, online Competence Maintenance Tool and the exam fee.”
Advisers can register their interest in taking DipFA by visiting www.ifslearning.ac.uk/dipfa
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From 1 March