Who is it appropriate for?
The Certificate in Paraplanning is the ideal qualification for individuals who are currently practicing as a Paraplanner in the UK and who meet the entry requirements. It's a challenging and relevant qualification which is designed to further develop and test your Financial Planning skills and how well you can apply technical knowledge in Financial Planning situations. Success in the exam also provides powerful professional recognition that you have the appropriate combination of technical knowledge and planning skills required to fulfil the role of Paraplanner.
What is the Certificate in Paraplanning?
It was the UK's first qualification designed to test the application of skills and the technical knowledge needed by Paraplanners. Set at level 4, it was developed as a result of our work with Paraplanners, Financial Planners, Financial Skills Partnership (FSP) and trainers to develop a job role description for Paraplanners.
Gaining the Certificate in Paraplanning is a two step process:
- Personal Taxation - candidates must pass an approved taxation exam available from a range of different exam bodies
- The Principles of Financial Planning Examination - candidates must pass this examination from FPSB UK
It is recommended that candidates should pass one of the appropriate Personal Taxation units before attempting the Principles of Financial Planning examination. The exams are held regularly at the FPSB UK office in Bristol but there are also sittings in alternate months in London. Other venues and dates are available throughout the UK.
The Certificate in Paraplanning is worth 20 credits towards the CII diploma. It's also an ideal step towards obtaining CERTIFIED FINANCIAL PLANNERCM certification – the global standard of excellence in Financial Planning – for those who wish to follow this path, as it represents the examination element of the qualification. CFP certification is a level 6 qualification.
Once a candidate has passed the Principles of Financial Planning examination they will then be awarded the Certificate in Paraplanning. The exam is set by Ofqual at QCF level 4 and you can check the Ofqual register here. Upon successful completion of the examination, candidates can then apply to the IFP to become an Accredited Paraplanner subject to other requirements being met.
- Guide to Certificate in Paraplanning
- Entry requirements
- Job role
- Become an Accredited Paraplanner
- Training options for Paraplanners