The FPSB UK Diploma in Financial Planning has been recognised by Ofqual and sits on the Qualifications and Credit Framework (QCF) at Level 6.
To be recognised as an awarding organisation by Ofqual each qualification and the units within each qualification have to meet the rules of the QCF.
Lucy Courtenay, qualifications director at FPSB UK, said: "I am really pleased that following successful submission of the Level 4 Certificate in Paraplanning last year that the Level 6 Diploma in Financial Planning has also been approved, showing that the qualifications meet the rigorous standards of the regulator."
There are two major changes. The entry requirements are now much simpler and reflect the FSA rules. Any adviser who holds an SPS or is eligible to do so, can register for the qualification without the need to hold a pass in an advanced technical subject.
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This change will help Paraplanners and Financial Planners on their route to CFP^CM Certification. The second change is the introduction of the Principles of Financial Planning exam. This is now a compulsory part of the qualification and there are no exemptions. The exam tests the application of knowledge in preparing the key components of a Financial Plan and should help candidates prepare for the case study. While the case study assessment is set at Level 6, the exam is set at Level 4.

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