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Discretionary investment management

J10 (20 Diploma credits)

The objective of this unit is to develop knowledge and understanding of the role of the Discretionary Investment Manager, and the ability to analyse and apply financial information and portfolio management skills.

Download 2017-2018 syllabus »

Important notice about study text

You can only purchase the study text as part of Enrolment. Please refer to the related FAQs for more information: Changes to Enrolment FAQ's

Study material testing period

2017–18 editions are applicable to exams sat from 01 September 2017 to 31 August 2018.

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Members receive exclusive discounts on CII tuition, courses and exam entry


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Enrolment – 2017–18 edition (applicable to exams sat 01 Sep 17 to 31 Aug 18)

Members
£185.00
Non-members
£265.00
Enrolment for J10 includes: study text (printed + ebook) with updates, RevisionMate, exam guide and exam entry

This includes a printed study text and ebook (available on RevisionMate) with electronic updates. Updates will be made available for the examination period to which the study text relates (further details are included on the title page of the study text). Developed to assist you in understanding and learning the exam syllabus, the text breaks down the syllabus into concise sections, with each chapter containing clearly defined learning outcomes and a series of self-test questions.

RevisionMate
You will have access to an unrivalled suite of online services to support your studies through our RevisionMate study tool. Please note: Access is granted until 31 Aug 2018 when this study text enrolment expires.

Support typically includes a study planner, a knowledge check (multiple-choice test) facility covering each chapter, student discussion forum, the latest examination guide and hints and tips on how to pass the exam. Full details will be provided with your study text.

Exam entry
Exams can be booked at the point of enrolment or at a later date.

ebooks
ebooks are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones. They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

ebooks are not pdf files and cannot be printed. The reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

Sample chapter download
To check that the file formats are compatible with your device/chosen e-reader software, click on the link below to download a sample.

• Free sample chapters

Examination guide

This consists of a specimen examination (with multiple-choice questions), answers and useful hints on how to prepare for the examination.


Enrolment for J10 includes: study text (printed + ebook) with updates, RevisionMate, exam guide and exam entry

This includes a printed study text and ebook (available on RevisionMate) with electronic updates. Updates will be made available for the examination period to which the study text relates (further details are included on the title page of the study text). Developed to assist you in understanding and learning the exam syllabus, the text breaks down the syllabus into concise sections, with each chapter containing clearly defined learning outcomes and a series of self-test questions.

RevisionMate
You will have access to an unrivalled suite of online services to support your studies through our RevisionMate study tool. Please note: Access is granted until 31 Aug 2018 when this study text enrolment expires.

Support typically includes a study planner, a knowledge check (multiple-choice test) facility covering each chapter, student discussion forum, the latest examination guide and hints and tips on how to pass the exam. Full details will be provided with your study text.

Exam entry
Exams can be booked at the point of enrolment or at a later date.

ebooks
ebooks are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones. They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

ebooks are not pdf files and cannot be printed. The reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

Sample chapter download
To check that the file formats are compatible with your device/chosen e-reader software, click on the link below to download a sample.

• Free sample chapters

Examination guide

This consists of a specimen examination (with multiple-choice questions), answers and useful hints on how to prepare for the examination.

Book exam without Enrolment or redeem exam voucher or book re-sit

Prices displayed apply to those who wish to book an exam without an Enrolment or wish to purchase an exam re-sit. You can also book here if you have a valid exam voucher for which you will not be charged.

Members
£110.00
Non-members
£150.00
Unit J10 exam
 

Study text renewal

Members
£37.00
Non-members
£57.00
Upgrade your study text (printed and ebook) to the next edition

We offer the option for you to extend the life of your enrolment once your course has expired and receive the next edition of the study text together with electronic updates. This option is renewable on an annual basis.

Upgrade your study text (printed and ebook) to the next edition

We offer the option for you to extend the life of your enrolment once your course has expired and receive the next edition of the study text together with electronic updates. This option is renewable on an annual basis.

Introduction

CII qualifications involve the completion of one or more units, each covering an individually assessed topic. Assessment methods vary and depend on a unit's level and subject matter.


Study and assessment methods include:

  • Multiple-choice question (MCQ) exam - Study is based on a specified enrolment period, from 01 January – 31 December. MCQ exams are available weekly at UK and select non-UK online exam centres, or twice-yearly in April and October at non-UK paper-based exam centres.
  • Written exams - Study is based on a 12 month enrolment period from the date of purchase. Written exams are held twice-yearly in April and October, with the exception of unit R06 which is tested four times-yearly, at UK and non-UK exam centres.
  • Coursework assessment - Study is based on a 12 month enrolment period from the date of purchase. Three written assignments, each typically between 2,000 - 3,000 words, need to be passed.
    Download Insurance Coursework assessment guidelines and instructions »
    Download Personal Finance Coursework assessment guidelines and instructions >>
    Download Personal Finance Coursework assignment guidelines and instructions »
  • Mixed assessment - Study is based on a 18 month enrolment period from the date of purchase. A combination of a single coursework assignment must be passed within the first six months and a MCQ exam passed within 18 months.
    Download Mixed Assessment guidelines and instructions »
  • Dissertation assessment - Study is based on a 18 month enrolment period from the date of purchase. A dissertation, typically between 10,000 - 11,000 words, on an agreed subject must be submitted.
    Download Dissertation guidelines and instructions »

It is essential that candidates familiarise themselves with the guidelines and instructions. Candidates should also familiarise themselves with the coursework and dissertation policies as well as exam policies before the assessment, and notes to results post-assessment.

Diploma in Financial Planning units

Learning solutions update

These updates are Learning Solutions updates for study purposes.

2018-19 edition

Chancellor's Budget/Statement and tax table updates:

Pdf icon small Spring Statement 2018

Pdf icon small Tax Tables 2018-19

2017-18 edition

Pdf icon small J10 2017-18 edition changes

Study text updates:

Pdf icon small J10_2017-18_web_update_01_29-01-2018

Chancellor's Budget/Statement and tax table updates:

Pdf icon small Tax Tables 2017-2018

Pdf icon small Budget Summary Autumn 2017

Pdf icon small Budget Summary Spring 2017

Pdf icon small Update to budget summary 17-03-2017

 Other information:

Pdf icon small Financial services current editions

 

Qualification update

Testing position

  • Examinations are based on the published syllabus. Syllabuses are available free of charge on the CII website www.cii.co.uk or on request.
  • Candidates will be examined on the basis of law and practice in England unless otherwise stated. It should be assumed that all individuals are domiciled and resident in the UK unless otherwise stated.
  • The J10 examination consists of 70 multiple choice questions and 4 case studies, each comprising 5 multiple response questions.  2 hours are allowed for this examination.
  • The general rule is that the new tax year and changes arising from the Finance Act will be examined from 1 September each year. Other changes, not related to the Finance Act, will not be examined earlier than 3 months after they come into effect.
  • Candidates must keep up to date with legislative and industry changes that occur.

Tax year

  • The tax year 2017/2018 will be examined from 1 September 2017 until 31 August 2018.

MiFID II 

MiFID II comes into effect on 3 January 2018 and examinations will be reflective of the directive from 3 April 2018. Questions will be tested on the non-MiFID position unless otherwise stated.

EU referendum

On 23 June 2016, the UK voted to leave the European Union (EU).

The UK Government invoked 'Article 50' of the Lisbon Treaty on 29 March 2017. In doing so, the two-year negotiation period which will result in Britain leaving the EU began. This means that, at the time of publication, the UK's membership of the EU will cease on 29 March 2019.

Until this final 'withdrawal agreement' is entered into, the UK will continue to be a full member of the EU, compliant with all current rules and regulations, and firms must continue to abide by their obligations under UK law, including those derived from the EU, and continue with the implementation of all legislation that is still to come into effect.

The longer term impact of the decision to leave the EU on the UK's overall regulatory framework will depend, in part, on the relationship agreed between the UK Government and the EU to replace the UK's current membership at the end of the 'Article 50' negotiation period.

Please note: The UK decision to leave the European Union will have no impact on the 2017- 2018 CII syllabuses or exams. Changes that may affect future exam syllabuses will be announced as they arise. 

General Data Protection Regulation (GDPR) 

The General Data Protection Regulation (GDPR) comes into effect on 25 May 2018.  Examinations will be reflective of GDPR and the Data Protection Act 2018 from 25 May 2018.

 

Exam guide update

The J10 Examination Guide for exams from 1 September 2017 to 31 August 2018 was first published in June 2017. Any questions which have been amended since the examination guide was first published will appear below.

 Questions 16 - amended 28.03.18

 

Assessment information

It is important that candidates entering for a CII assessment familiarise themselves with our service, in particular the rules and procedures that are in place.