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Life and Pensions Foundations (LF1)

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LF1 Unit Image

The default enrolment option for this unit is 'Enrolment only' and includes:

(1) 12-month access to the latest study material, in digital format only, delivered on RevisionMate. 

(2) Assessment entry – this includes an exam voucher that is valid for 18 months.

 

Access to digital study material as part of Enrolment only

You will have access to your digital study material on RevisionMate for 12 months from the date of purchase. If a new edition of the study material is released during this period, you will automatically receive access to the material on RevisionMate and will be notified via email.

Study material currently available on RevisionMate

2025–26 edition (applicable to exams sat 01 September 2025 to 31 August 2026)

A new edition of the study text is usually available in July every year.

Printed study text

If you have chosen the ‘Digital and print’ option when purchasing your Enrolment, you will receive the latest edition of the printed study text (2025–26). This is in addition to the digital material on RevisionMate.

If the next edition (2026–27) is released during your 12-month enrolment, you will automatically receive access to the digital copy on RevisionMate. You can contact Customer Service to also receive a printed study text.

Purchase options at a glance

Product

What’s included

Validity

Enrolment only

•  Study text.

•  Assessment entry.

 

•  Access to study text is valid for 12 months from date of enrolment.

 

•  Exam voucher is valid for 18 months from date of purchase.

 

 

The default enrolment option for this unit is 'Enrolment only' and includes:

(1) 12-month access to the latest study material, in digital format only, delivered on RevisionMate. 

(2) Assessment entry – this includes an exam voucher that is valid for 18 months.

 

Access to digital study material as part of Enrolment only

You will have access to your digital study material on RevisionMate for 12 months from the date of purchase. If a new edition of the study material is released during this period, you will automatically receive access to the material on RevisionMate and will be notified via email.

Study material currently available on RevisionMate

2025–26 edition (applicable to exams sat 01 September 2025 to 31 August 2026)

A new edition of the study text is usually available in July every year.

Printed study text

If you have chosen the ‘Digital and print’ option when purchasing your Enrolment, you will receive the latest edition of the printed study text (2025–26). This is in addition to the digital material on RevisionMate.

If the next edition (2026–27) is released during your 12-month enrolment, you will automatically receive access to the digital copy on RevisionMate. You can contact Customer Service to also receive a printed study text.

Purchase options at a glance

Product

What’s included

Validity

Enrolment only

•  Study text.

•  Assessment entry.

 

•  Access to study text is valid for 12 months from date of enrolment.

 

•  Exam voucher is valid for 18 months from date of purchase.

 

 

The objective of this unit is to develop knowledge and initial understanding of the life and pensions sector, its purpose, its customers and the financial solutions and operational practices that underpin delivery of good customer outcomes.

The Award in Life and Pensions Foundations has been developed in collaboration with employers across the life, pensions and long-term savings sector. It provides a formalised and consistent approach to defining entry-level professional standards, helping to underpin improved customer outcomes and support staff development.

The Award develops knowledge and understanding across key areas of the life, pensions and long-term savings market. This includes customer needs and solutions, the sector's value to society and the economy, and the importance of professional conduct and maintaining a customer focus.

Building a successful career in personal finance

This single unit award is ideal for you if you are new to the life, pensions and long-term savings sector or if you are already working in the sector and looking to build on your foundation knowledge.

Learning outcomes

At the end of this unit, candidates should be able to demonstrate knowledge and understanding of:

  • the value of the Life and Pensions sector to society and the economy;
  • key customer needs relating to pensions, protection, investments and savings;
  • a range of potential solutions available to meet customer needs; and
  • how individuals and organisations work as a profession to treat customers fairly and meet their needs effectively.

Assessment

  • 1 hour exam
  • 50 multiple choice questions
  • The standard pass mark is 70% (for more information on standard pass marks please see here)
  • The 2025 pass rate for this unit was 85.42%

Course delivery via RevisionMate

Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer.

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Information
Overview 
  • Level 2
  • 40 Study Hours
  • 0 CII Credits
  • Multiple Choice Question Exam
Useful links
Useful links 
Information
Unit updates 
LF1 Unit Image
Information
Overview 
  • Level 2
  • 40 Study Hours
  • 0 CII Credits
  • Multiple Choice Question Exam
Useful links
Useful links 
Information
Unit updates 

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