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Chartered Insurance Institute
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Key information


What does the qualification involve?

The Award comprises two core units and two option units from the Personal Finance qualifications framework, providing a minimum total of 25 credits on successful completion.

Candidates are required to take the following units:

  • (R01) Financial services, regulation and ethics; or
  • (CF1) UK financial services, regulation and ethics

And a second unit from:

  • (FA1) Life office administration; or
  • (FA2) Pensions administration

There is no prescribed order in which units must be taken, but it is strongly recommended that you sit the required compulsory unit(s) first as these provide foundation knowledge upon which the others build.

For unit syllabuses, return to the Award in Financial Administration landing page, and click the ‘syllabuses’ link to the right of the page.

Unit overview:

Unit

Assessment method

Study hours*

Credits awarded

Unit level

 

 

 

 

 

(R01) Financial services, regulation and ethics

·         2-hour exam

·         100 multiple choice questions

·         65% nominal pass mark**

60

20

4

(CF1) UK Financial services, regulation and ethics

·         2-hour exam

·         100 multiple choice questions

·         65% nominal pass mark**

60

15

3

(FA1) Life office administration

·         1-hour exam

·         50 multiple choice questions

·         70% nominal pass mark**

60

10

3

(FA2) Pensions administration

·         1-hour exam

·         50 multiple choice questions

·         70% nominal pass mark**

60

10

3

Found out more about assessments methods including exam policies and centres.

Units treated as equivalent

Due to the extent of syllabus overlap, certain combinations of current and withdrawn CII units will result in only one award of credits.

 

*The recommended minimum study hours will vary depending on your experience and ability.

** The actual pass mark may vary from one session to another to ensure consistency in pass standards.

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