Financial Planning qualification, the Diploma in Financial Planning, has been accredited as Level 6 by qualifications regulator Ofqual.
The qualification is offered by the Financial Planning Standards Board UK, a wholly owned subsidiary of the Institute of Financial Planning.
Any candidate who gains Certified Financial Planner status, following the successful pass of a Principles of Financial Planning exam and CFP case study, will now also gain this diploma.
The IFP said that while CFP is already a global qualification, the accreditation meant the qualification would be easier for people to categorise alongside other Level 6 qualifications.
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Lucy Courtenay, qualifications director at FPSB UK, said: "The new Diploma in Financial Planning assesses the skills needed by Financial Planners in the UK. The entry requirements, examination and rigorous case study assessment have been developed to reflect the post-RDR profession and are in line with the global Financial Planning competences developed by FPSB.
Nick Cann, chief executive of the IFP, said: "The number of advisers seeking to attempt CFP certification is on the increase simply because it is the most relevant professional qualification for Financial Planners.
"It is therefore right and appropriate that this qualification, recognised at the global standard in excellence in Financial Planning, should also be recognised as Level 6 by Ofqual. This will provide holders of the qualification with even more confidence as to their position within the profession."

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