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CII Award in Financial Administration

What is the purpose of the Award?

The CII Award in Financial Administration is an introductory qualification and is made up of two units. It is aimed at support staff working in life and pensions and covers the key areas of legislation and regulation; process of investment planning; types of investment product; administration and operational side of life (FA1) and pensions (FA2) business.

After completing the Award, you can then continue to study for the CII Certificate in Life and Pensions.

What do I need to do to achieve this Award?

To achieve the CII Award in Financial Administration you must pass 2 units:

CII Award in Financial Administration

CriteriaDetails
Available units:R01 Financial services, regulation and ethics, or
CF1 UK financial services, regulation and ethics
plus
FA1 Life office administration, or
FA2 Pensions administration
Credits required for qualification:25
Level:3

R01 Financial services, regulation and ethics

CriteriaDetails
Credits20 - Diploma
Exam FormatOnline, 2 hours
Number of Questions100 multiple choice questions (MCQs)
Nominal pass mark65%
2016 Pass rate57.01%

CF1 UK financial services, regulation and ethics

CriteriaDetails
Credits15 - Certificate
Exam FormatOnline, 2 hours
Number of Questions100 multiple choice questions (MCQs)
Nominal pass mark70%
2016 Pass rate58.27%

FA1 Life office administration

CriteriaDetails
Credits10 - Certificate
Exam FormatOnline, 1 hour
Number of Questions50 multiple choice questions (MCQs)
Nominal pass mark70%
2016 Pass rate69.79%

FA2 Pensions administration

CriteriaDetails
Credits10 - Certificate
Exam FormatOnline, 1 hour
Number of Questions50 multiple choice questions (MCQs)
Nominal pass mark70%
2016 Pass rate55.02%