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Chartered Insurance Institute
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Key facts


Key facts for the Award in Financial Administration

Ofqual Regulated Qualification Framework (RQF) Level Level 3
Number of available units 3 Certificate units and 1 Diploma unit
Compulsory units 2 units
• (R01) Financial services, regulation and ethics; or
• (CF1) UK financial services, regulation and ethics; and
• (FA1) Life office administration; or
• (FA2) Pensions administration
CII credits required to complete (existing credits carried forward) 25
CII credits per unit R01 - 20 credits
CF1 - 15 credits
FA1/FA2 - 10 credits
Combination of units at any level allowed Yes
At Certificate and Diploma level
(subject to completion requirements)
Exam format R01/CF1
• Online, 2 hours
• 100 multiple choice questions (MCQs)
FA1/FA2
• Online, 1 hour
• 50 multiple choicequestions (MCQs)
Average study time per unit R01/CF1 - 60 hours
FA1/FA2 - 60 hours
Availability of exam sessions (Details shown apply to the UK. Outside of the UK exams are offered twice-yearly) Year-round. Availability varies from centre to centre, but typically weekly
Entry requirements? None
Credits available for prior learning? Yes
Record of Achievement issued for each exam pass? Yes
CII/PFS membership designation No

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