FAQs

How do I become an IFA member?

The enrolment process is simple: all you will need to do is complete the enquiry form and provide copies of your professional financial qualifications together with a payment of £72.00 to cover the administration fee.  This can now all be done online, so click here for the enquiry form.

What are the benefits of being an IFA member?

To see our whole range of benefits, click here.

What are the levels of membership?

There are three levels of membership:

FINANCIAL ACCOUNTING EXECUTIVE
Playing an important part in supporting the organisation and its finance manager or team, the Financial Accounting Executive is often responsible for drafting final accounts and interpretation of financial information. Financial Accounting Executives may use the post nominal letters Dip FA. Progression to Associate level would be recommended as an individual’s career requires.

ASSOCIATE
Associates of the Institute have achieved a level of competency considered necessary to manage or lead the finance function of an organisation. They have an advanced level of skill and ability and are often responsible for all aspects of financial management and reporting, They are also likely to have responsibilities related to regulation and compliance for the business and require broad management skills.  An Associate may use the post nominal letters AFA.

FELLOW
Fellow level is the highest level of IFA membership and demonstrates that the individual has senior, leadership experience or qualities. The qualification level demonstrates competence in all aspects of financial management and in strategic management. Fellows may use the post nominal letters FFA. 

Do I need a practising certificate?

IFA members in practise must apply for and hold an IFA practising certificate

If you think you need one, please put this down on your application form and we can let you know.

Do I need to have AML cover?

All practising members must have AML cover.

If you think you need cover, please put this down on your application form and we can let you know.

What is CPD?

In line with IFAC requirements, our members have a commitment to undertake annual continuing professional development (CPD) activities relevant to their career. 

The IFA has a variety of options to support your CPD activities. For examples, click here.

Where can I find the Members’ Handbook?

If you are an active member, you can find the Members’ Handbook and other important documents on the website (you will be asked to log in before you can see them).

If you are in practice, click here.

If you are employed, click here.

If you are retired or a lifetime member, click here.

If you are not a member, you will not be able to see this document.

What is the difference between retired and lifetime membership?

Retired Status
If you are in receipt of a pension but are still working part time (no more than 2 ½ days a week) you could be eligible for retired status.
Retired members pay a reduced annual fee and are still eligible to all the benefits that other members receive.

Lifetime Membership
If you are in a receipt of a pension and are either fully retired or carry out voluntary work, you could be eligible for lifetime membership.
Lifetime members pay a one-off fee (how much will depend on how long you have been a member) and are eligible to all the benefits other members receive.

© Institute of Financial Accountants 2014 All Rights Reserved all 3rd party trademarks acknowledged.
Institute of Financial Accountants. Registered Office: Burford House, 44 London Road, Sevenoaks, Kent, TN13 1AS
Registered in England No. 144888.