Diploma Courses
Douglas James Training - Diplomas

The London Institute of Banking and Finance
Diploma for Financial Advisers (DipFA)®


The Diploma for Financial Advisers (DipFA®) is an FCA-approved programme that meets the qualification standard required of anyone wishing to work as a financial adviser.

The DipFA comprises 2 core units, with three separate assessments, as follows:

    Unit 1 – Financial Services, Regulations and Ethics (FSRE) – multi-choice exam

    Unit 2 – Part 1 – Advanced Financial Advice (AFA) – written coursework assignment

    Unit 2 – Part 2 – Advanced Financial Advice (AFA) – written exam based on a fact-find

Unit 1 - Financial Services, Regulation and Ethics (FSRE)
  • • FSRE comprises 100 multiple-choice questions, which include two case studies.
  • The pass mark for this unit is 70%.
  • The FSRE test is available at over 150 Pearson VUE test centres nationwide with the result provided on the day.
“Just to let you know that I passed FSRE first time, with 88%. The training material you provided was first class and a huge help with my revision”
(Gary Ransome – Mosaic Compliance Solutions)


Unit 2 - Advanced Financial Advice (AFA)
  • AFA is assessed by coursework and examination. The coursework is submitted after approximately 16 weeks of study and comprises a written assignment and short answer questions.
  • The AFA examination takes the form of a written examination which centres on the production of a report, based on a client Factfind. The Factfind is made available six weeks prior to the examination date.
  • The pass mark for both the coursework and the examination is 50%.
“I just wanted to let you know that I passed DipFA ! Many thanks for all your assistance and tutoring – I would not hesitate to recommend you to anyone who is considering sitting this exam”
(Carol Thompson)

CeMAP ®, CeRER ® ,DipFA ® and the LIBF® logo are all registered trademarks of The London Institute of Banking and Finance®. Use by Douglas James Training Consultants Ltd does not imply any endorsement of our training courses by The London Institute of Banking and Finance®