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Financial planning process

AF5 (30 Advanced Diploma credits)

The objective of this unit is to develop an understanding of the financial planning process when giving advice to clients.

AF5 candidates should note: A case study workbook is not offered for this unit as it draws together and tests your knowledge gained through study of the other AF units. You will, however, receive a 'fact find' two weeks before the exam which you will use to draw up a financial plan in the exam. More information and the fact find (when released) can be found in our supporting exam documents page.

To help you prepare for the AF5 examination a FREE AF5 Examination Technique Guide is available.

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


Revision courses

Members
£295.00
Non-members
£350.00
Fact find revision day
 
Select course & date

Fact find revision day

Fact find revision day

Scheduled shortly after the fact-find is issued, this one day course examines the fact-find in detail and highlights relevant syllabus areas. You're given the opportunity to practise targeted sample questions and given feedback on your answers.

  • Explore the syllabus in detail
  • Clarify areas of concern in the syllabus
  • Discover what the examiner is looking for
  • Discuss common mistakes and how to avoid them
  • Learn useful revision and exam techniques
  • Practice and gain feedback on your exam technique 

Delegates take away a workshop pack containing further practice questions.

Learn more about CII face-to-face training venues »

 

Revision aids

Members
£12.00
Non-members
£13.00
Examination guide (April 2016)

These comprise a past paper, examiners' comments on candidates' performance and key points for inclusion in your answers. These are supplied as PDF files for you to print off as and when required for your own use.

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.

Examination guide (April 2016)

These comprise a past paper, examiners' comments on candidates' performance and key points for inclusion in your answers. These are supplied as PDF files for you to print off as and when required for your own use.

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.

Members
£12.00
Non-members
£13.00
Examination guide (October 2016)

These comprise a past paper, examiners' comments on candidates' performance and key points for inclusion in your answers. These are supplied as PDF files for you to print off as and when required for your own use.

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.

Examination guide (October 2016)

These comprise a past paper, examiners' comments on candidates' performance and key points for inclusion in your answers. These are supplied as PDF files for you to print off as and when required for your own use.

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.

Exam entry

Members
£127.00
Non-members
£174.00
Unit AF5 exam
 

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.


Assessment methods include:

  • Multiple-choice exams - the assessment method for Award, Certificate, and Diploma in Regulated Financial Planning units R01-R05 assessed in the UK. Exams are delivered on-screen at a network of over 40 public centres across the UK. Sittings are available year-round, often on a weekly basis.
  • Written exams - the assessment method for some Diploma and Advanced Diploma units and all units examined outside the UK. Sittings are typically available twice-yearly in April and October at over 50 public centres throughout the UK and over 120 public centres outside the UK.
  • Coursework assessment - available for a select number of Advanced Diploma in Insurance units, Advanced Diploma in Financial Planning unit (AF6) Senior management and supervision and financial services unit (J09) Paraplanning, coursework assessment involves the completion of three written assignments during a 12 month period.
  • Mixed assessment - available for a number of Diploma in Insurance units and all Diploma in Insurance units by April 2018 (unit codes begin with the letter M). This involves the successful completion of both a coursework assignment and a multiple-choice exam. This has an 18 month enrolment period.
  • Dissertation assessment - available for Advanced Diploma units (991) London market insurance specialisation and (994) Insurance market specialisation. This involves the submission of a dissertation proposal and an 11,000 word dissertation. This has an 18 month enrolment period. 

Find out more

It is essential that candidates familiarise themselves with the guidelines and instructions which are shown on the CII website under the relevant units. In addition candidates should familiarise themselves with the coursework and dissertation policies as well as exam policies (before the assessment) and notes to results (after the assessment).

Learning solutions update

These updates are Learning Solutions updates for study purposes.

Please note that for Financial Planning examinations in the 2016/17 tax year will be examined from 1 September 2016.

2016-17 edition

Pdf icon small Autumn Statement 2016

Pdf icon small Budget summary March 2016

Other information

Pdf icon small Budget Summary 2017

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

Pdf icon small Study text 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.
  • It is important that you keep yourself informed of any changes which may occur affecting the units you are studying by using material suggested in the reading lists on the syllabuses in the relevant qualification section of this website.
  • The CII will do all it can to provide students enrolled on a study programme with updated materials as soon as legislative changes become known but it cannot guarantee this in time for any particular exam. Candidates should refer to the CII update website www.cii.co.uk/updates for the latest information on changes to law and practice and when they will be examined.
  • Candidates will be examined on the basis of law and practice in England unless otherwise stated.
  • Candidates must keep up to date with legislative and industry changes that occur within the tax year.
  • 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 be examined three months after they become legally effective.

Tax year

  • The tax year 2016/2017 will be examined from 1 September 2016 until 31 August 2017.

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.

Inheritance and Trustees Power Act 

  • The changes to the Inheritance and Trustees Power Act become effective on 1 October 2014.
 

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.