My Basket0

Award in Financial Administration

Building expertise in life or pension administration

The RQF Level 3 Award in Financial Administration provides the essential knowledge and skills needed by those working in administrative and operational life or pensions roles.

The Award offers the choice between life or pensions administration, each satisfying the FCA qualification requirements for overseers of certain administrative life and pensions functions.

  • Operational or administrative staff working in the life and pensions sector
  • Those moving into an administrative overseer role and need to comply with FCA appropriate qualification requirements

Before studying, check to see whether any of your previous academic qualifications or credits from other professional bodies and institutes can be carried towards completion of the Award.

Find out more about recognition of prior learning

Specific study time guidelines are provided for each unit on its webpage and in the CII qualifications brochure. The notional Ofqual ‘Total Qualification Time’ for this qualification is 120 hours. This represents the time a student might typically take to complete the qualification.

Award level units are assessed by multiple-choice question exam (MCQ). For online MCQ exams, result notification is immediate on completion. For paper-based MCQ exams, results are released five weeks’ following the exam sitting.

Find out more about assessments, including policies and exam centres

Qualification units are delivered through purchasing an Enrolment, equipping you with the essential materials to support core learning. For a single fee, an Enrolment typically includes: study text, assessment and access to RevisionMate, our online study tool. 

We also offer additional revision aids through purchasing Enrolment plus for most key units. These range from Key fact booklets and Question packs, to Learn online tutorials.

Due to the extent of syllabus overlap, certain combinations of current and withdrawn units will result in only one award of credits.

If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules. Clarification should always be sought from CII Customer Service.

Find out more about credit awards for equivalent units

Completion requirements

Core units

The Award comprises one core unit and one option unit, providing a minimum total of 25 credits on successful completion. There is no prescribed order in which units must be taken, but it is strongly recommended that you sit the required core unit first as these provide foundation knowledge upon which the others build.

Financial services, regulation & ethics
Credits : 20
Level : 4
UK financial services, regulation & ethics
Credits : 15
Level : 3
Option units
Life office administration
Credits : 10
Level : 3
Pensions administration
Credits : 10
Level : 3