CII Award in Financial Administration
What is the purpose of the Award?
The CII Award in Financial Administration is an RQF level 2 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) or pensions (FA2) business.
After completing the Award, you can then continue to study for the CII Certificate in Regulated Financial Services Operations.
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
| Criteria | Details |
|---|---|
| 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
| Criteria | Details |
|---|---|
| Credits | 20 - Diploma |
| Exam Format | Online, 2 hours |
| Number of Questions | 100 multiple choice questions (MCQs) |
| Nominal Pass Mark | 65% |
| Current Pass Rate | 64% |
CF1 UK financial services, regulation and ethics
| Criteria | Details |
|---|---|
| Credits | 15 - Certificate |
| Exam Format | Online, 2 hours |
| Number of Questions | 100 multiple choice questions (MCQs) |
| Nominal Pass Mark | 70% |
| Current Pass Rate | 60% |
FA1 Life office administration
| Criteria | Details |
|---|---|
| Credits | 10 - Certificate |
| Exam Format | Online, 1 hour |
| Number of Questions | 50 multiple choice questions (MCQs) |
| Nominal Pass Mark | 70% |
| Current Pass Rate | 67% |
FA2 Pensions administration
| Criteria | Details |
|---|---|
| Credits | 10 - Certificate |
| Exam Format | Online, 1 hour |
| Number of Questions | 50 multiple choice questions (MCQs) |
| Nominal Pass Mark | 70% |
| Current Pass Rate | 55% |