SOLLA News and Views

02 May 2019

Press Release: SOLLA accredited advisers to get credit from The London Institute of Banking & Finance

This is good news for all our members who are working towards chartered status.

SOLLA accredited advisers to get credit from The London Institute of Banking & Finance

The London Institute of Banking & Finance today confirmed that on 15 April it finalised an accreditation agreement with the Society of Later Life Advisers (SOLLA).  This means that the Institute will recognise SOLLA’s Later Life Adviser Accreditation (LLAA) as equivalent to 10 credits for advisers who wish to go on to study the Level 6 Diploma in Financial Advice (AdvDipFA).  Students require a minimum of 55 credits to gain the Level 6 award. Advisers will be able to claim their credits against the Specialist Unit within AdvDipFA, and could save up to six months in study time.

Mark Heaton, Director of Corporate and Professional qualifications at The London Institute of Banking & Finance said:
“We recognise that advisers who become accredited with SOLLA have significantly increased their expertise and experience in later life planning, and should be able to benefit from formal recognition of that if they go on to advanced qualifications. SOLLA’s accreditation process is very robust and to a very high standard, so it’s an organisation that we are very happy to endorse. This is great news for advisers.”

Tish Hanifan, Founder and Joint Chair, Society of Later Life Advisers, said:
“SOLLA is delighted that The London Institute of Banking & Finance  is recognising the technical expertise, soft skills and professionalism of our members who achieve our Later Life Adviser Accreditation (LLAA). This accreditation is now recognised as the Gold Standard for financial advisers who work with older clients. This collaboration with the Institute can only serve to benefit those advisers who wish to evidence their professionalism by voluntarily working towards additional qualifications in this sector.”