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Chartered Insurance Institute
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Key facts

Key facts for the Pensions Update Programme


Framework of Regulated Qualifications (FRQ) Level Level 4
Number of available units 1 Diploma-level unit
Compulsory unit (R08) Pensions update
CII credits per unit R08 - 10 credits
Exam format • Online, one hour
• 40 multiple choice questions (MCQs) and 1 case study comprising 5 MCQs
Average study time per unit R08 - 50 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
Record of Achievement issued for each exam pass? Yes
Qualification awarded upon completion Yes - Award in Pensions Update
CII/PFS membership designation n/a