Cookies on the CII website

By using and browsing the CII website, you consent to cookies being used in accordance with our policy. If you do not consent, you are always free to disable cookies if your browser permits, although doing so may interfere with your use of some of our sites or services. Find out more »

Chartered Insurance Institute
Recently added to my basket
Sorry but there was an error adding this to your basket. Please try adding it again

Key facts

Key facts for the Certificate in Discretionary Investment Management

Ofqual Regulated Qualification Framework (RQF) Level Level 4
Number of available units 2 Diploma units
Compulsory units 2 units
• (R01) Financial services, regulation and ethics
• (J10) Discretionary investment management
CII credits required to complete (existing credits carried forward) 40
CII credits per unit R01/J10 - 20 credits
Combination of units at any level allowed Not applicable
Exam format R01
• Online, 2 hours
• 100 multiple choice questions
• Online, 2 hours
• 70 multiple choice questions (MCQs) and 4 case studies each comprising 5 MCQs 
Average study time per unit R01/J10 - 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 CertPFS (DM)
PFS members are entitled to use on completion