CII Certificate in Pension Transfer Advice
What is the purpose of this Certificate?
The CII Level 4 Certificate in Pension Transfer Advice is for those wishing to undertake pension transfer activities. It is also useful for candidates wishing to increase their knowledge of pension transfers.
Pension transfer specialists will be required to hold the Level 4 qualification for providing advice on investments in addition to the Certificate in Pension Transfers. Originally, the FCA set a deadline date of October 2020 for this qualification requirement, but due to the COVID-19 situation, the deadline has been extended to 1 October 2021.
What do I need to do to achieve this Certificate?
Four units are required to achieve the CII Certificate in Pension Transfer Advice. These are:
CII Certificate in Pension Transfer Advice
| Criteria | Details |
|---|---|
| Available units: | R01 Financial services, regulation and ethics R02 Investment principles and risk R04 Pensions and retirement planning AF7 Pension Transfers |
| Credits required for qualification: | 70 |
| Level: | 4 |
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% |
R02 Investment principles and risk
| 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 | 60% |
R04 Pensions and retirement planning
| Criteria | Details |
|---|---|
| Credits | 10 - Diploma |
| Exam Format | Online, 1 hour |
| Number of Questions | 50 multiple choice questions (MCQs) |
| Nominal Pass Mark | 65% |
| Current Pass Rate | 58% |
AF7 Pension transfers
| Criteria | Details |
|---|---|
| Credits | 20 - Advanced Diploma |
| Exam Format | 2 hours |
| Number of Questions | 3-4 short answer questions, 2 case study based questions |
| Nominal Pass Mark | 60% |
| Current Pass Rate | 43% |