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The objective of this unit is to develop an understanding of the different types of equity release products, risks to the consumer associated with equity release and application of suitable equity release solutions according to the circumstances of different customers.
Download 2018/19 syllabus (PDF)
Download 2018/19 exam guide (PDF)
Download 2019/20 syllabus (PDF)
Download 2019/20 exam guide (PDF)
Recommended study hours: 70 (will vary depending on your experience and ability)
By purchasing the ‘Printed and digital’ option, you will incur an additional charge for postage and packaging:
£7 per order: UK, Channel Isles, Isle of Man, Republic of Ireland, Malta and Gibraltar.
£15 per order: All other countries.
For more information on Digital-only options, please visit: 'Digital Only' FAQ's
Included in your Enrolment:
Study text
Developed to assist you in understanding and learning the exam syllabus, the study text breaks down the syllabus into concise sections, with each chapter containing clearly defined learning outcomes and a series of self-test questions.
A printable PDF and ebook of the study text are available on RevisionMate. Access is only available during your enrolment period. Online updates to the study text will also be made available (further details are included on the title page of the study text).
Printable PDF
PDFs can be opened and printed with Adobe Acrobat Reader (free download from http://www.adobe.com). You can also view a PDF on most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones.
It is strongly recommended that you:
ebook
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.
To check that the file formats are compatible with your device/chosen e-reader software, click on the link to download a sample: Free sample chapters.
Printed copy of the study text
If you would like a printed copy of the study text, please select the ‘Printed and digital’ option, which will incur postage and packaging charges:
RevisionMate
You will have access to an unrivalled suite of online services to support your studies through our RevisionMate study tool. Access is only available during your enrolment period.
Support typically includes a study planner, a knowledge check (multiple-choice test) facility covering each chapter, student discussion forum and the latest examination guide.
Exam entry
Exams can be booked at the point of enrolment or at a later date.
Key facts booklet
Summarising the key information contained in the study text, a key facts booklet is perfect for studying when travelling to and from work or in situations when reading a study text is impractical.
A printable PDF and ebook of the key facts booklet are available on RevisionMate. Please note that access is only available during your enrolment period.
This product will be added to your RevisionMate account within 2 working days of purchasing.
PDFs can be opened and printed with Adobe Acrobat Reader (free download from http://www.adobe.com). You can also view a PDF on most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones.
It is strongly recommended that you:
ebook
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.
To check that the file formats are compatible with your device/chosen e-reader software, click on the link to download a sample: Free sample chapters.
Printed copy of the key facts booklet
If you would like a printed copy of the key facts booklet, please select the ‘Printed and digital’ option, which will incur postage and packaging charges:
Key facts booklet
Summarising the key information contained in the study text, a key facts booklet is perfect for studying when travelling to and from work or in situations when reading a study text is impractical.
A printable PDF and ebook of the key facts booklet are available on RevisionMate. Please note that access is only available during your enrolment period.
PDFs can be opened and printed with Adobe Acrobat Reader (free download from http://www.adobe.com). You can also view a PDF on most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones.
It is strongly recommended that you:
ebook
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.
To check that the file formats are compatible with your device/chosen e-reader software, click on the link to download a sample: Free sample chapters.
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.
Printed copy of the study text
If you would like a printed copy of the study text, please select the ‘Printed and digital’ option, which will incur postage and packaging charges:
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.
These updates are Learning Solutions updates for study purposes.
2019-20 edition
To view a list of the main areas of change in the 2019-20 edition, please click here
2018-19 edition
To view a list of the main areas of change in the 2018-19 edition, please click here
Study text updates:
ER1_2018-19_web_update_6_11_06-2019
ER1_2018-19_web_update_5_29_03-2019
ER1_2018-19_web_update_4_19_03-2019
ER1_2018-19_web_update_3_01_03-2019
ER1_2018-19_web_update_2_12_10-2018
ER1_2018-19_web_update_1_02_10-2018
Chancellor's Budget/Statement updates for 2018-19 edition:
Chancellor's Budget/Statement updates for 2019-20 edition:
Other information:
Financial services current editions
Testing Position
Tax year
The tax year 2018/2019 will be examined from 1 September 2018 until 31 August 2019.
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.
Stamp Duty Land Tax
On the 22 November 2017, it was announced that first-time buyers would be relieved of Stamp Duty Land Tax for purchases up to a specified amount. Examinations will be reflected of this change from 22 February 2018.
Please note that the tax tables and lender’s criteria provided in the examination will state the thresholds and rates for purchasers who are NOT first-time buyers.
The ER1 Examination Guide for exams from 1 September 2018 until 31 August 2019 was first published in June 2018. Any questions which have been amended since the examination guide was first published will appear below.
