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Chartered Insurance Institute
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Staying at the forefront of pension reforms

Withdrawing August 2018

The RQF Level 4 Award in Pensions Update is a single unit qualification that develops and tests knowledge of pension reforms and how they impact at-retirement advice.

Since the Government rewrote the rule book on pensions practice, some 8,000 financial advisers, paraplanners and those in related roles have enrolled for the Award, and over 5,000 have already passed the exam.


Who’s it for?

  • Retail investment advisers wanting to develop and test their knowledge of pension reforms
  • Paraplanners, technical consultants and staff in related support roles with existing knowledge and experience in pensions


Recognition of prior learning

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 Certificate.

Find out more about recognition of prior learning >


Completion requirements

The Award involves completion of one unit from the Personal Finance qualifications framework, providing 10 credits on successful completion.

See our key information link to the right of this page for details

Assessment method

Award level units are assessed by multiple choice questions exam (MCQ). For online 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 >


Learning support

Each qualification unit comes with the essential tools to support core learning. For a single fee, study packages typically include: study text, assessment entry and access to RevisionMate, our online study tool.

We also offer additional study materials to support individual learning. These range from key fact booklets and next-edition study texts, to question packs and Learn interactive tutorials.

For full unit availability, click the unit links to the right of this page

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.

This qualification in detail

Key information

What does the qualification involve?

The Award involves successful completion of one unit, R08 Pensions Update, providing 10 credits on successful completion.

For the unit syllabus, return to the Award in Pensions update landing page where you will find the syllabus link at the top right of the page.

Unit overview:

Unit

Assessment method

Study hours*

Credits awarded

Unit level

 

 

 

 

 

(R08) Pensions update

· 1-hour exam

· 40 multiple choice questions and 1 case study comprising 5 multiple choice questions

· 65% nominal pass mark**

 

50

10

4

 

Found out more about assessments methods including exam policies and centres.

Units treated as equivalent

Due to the extent of syllabus overlap, certain combinations of current and withdrawn CII 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 »



*The recommended minimum study hours will vary depending on your experience and ability.

** The actual pass mark may vary from one session to another to ensure consistency in pass standards.

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.

Syllabuses

R08 Pensions update

At the end of this unit, candidates should understand the:

  • changes introduced by the Taxation of Pensions Act 2014;
  • changes to the State pension provision from 06 April 2016;
  • key factors to take into account when advising clients on their retirement income.