Originally developed to meet regulatory 'appropriate
qualification' requirements for financial advisers, the Certificate
has been superseded by the RDR requirements to hold a Level 4
qualification, e.g. the Diploma in
Regulated Financial Planning. In turn, demand for the
Certificate has fallen sharply.
Reflecting this drop in demand, the Certificate will be awarded
for the final time on 31 December 2015.
CF2, CF4 and CF5 withdrawal in 2015
Units CF2 and CF4 are last being examined in August 2015 and CF5
in July 2015. Prior to their withdrawal, units CF2 and CF4 will be
available to sit year-round, typically weekly, and the remaining
CF5 sittings will be held in April and July 2015.
Candidates who pass these three units but don't complete the
Certificate in Financial Planning once they are withdrawn, will
have until 31 December 2015 to satisfy the qualification
completion requirements in full.
The remaining Certificate in Financial Planning units - R01 or
CF1 and R05 - are not are not being withdrawn, as they form part of
other CII qualifications.
Access our FAQs for more information
Relevant for those in support roles
For candidates employed in support roles who are partway towards
completion, the Certificate in Financial Planning remains a
relevant learning pathway. It provides a solid grounding in the
financial services market in general and financial planning advice
The Certificate develops knowledge and understanding of:
- regulatory issues;
- the mechanics and purpose of the main investment products;
- the process of giving advice to clients.
Upon completion PFS members are entitled to use the designation
'CertPFS' (Continuing Professional Development requirements
New Certificate in Financial Services
To ensure the CII qualifications framework aligns to industry
needs, a new QCF Level 3 qualification, the Certificate in Financial
Services, has been developed.
This provides targeted learning pathways for those seeking a
solid grounding in financial services, and meets the needs of those
working in operational and technical support roles.