Learning resource updates
This page details updates made to our learning resources. You should visit this page periodically to ensure you do not miss any updates. Updates can result from a change in exam syllabus, an amendment to the relevant CII study text directly affecting our resources, typographical errors or more complex issues.
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- AF Exam Updates 2025-26
- CF Exam Updates 2025-26
- ER Exam Updates 2025-26
- FA Exam Updates 2025-26
- IF Exam Updates 2026
- J0 Exam Updates 2025-26
- LP Exam Updates 2025-26
- R0 Exam Updates 2025-26
All resources for IF1, IF2, IF3, IF4, and IF5 have been updated in accordance with the new syllabus examinable from 1 January 2026.
21 February 2026 Due to a change in the CII Study Text, the last bullet point in the model answer to Question 3 b(i) has been amended to ‘This provides 100% protection for any individual on deposits up to £120,000 per bank’
New Version: AF4Set1010925v2
21 February 2026 Due to a change in the CII Study Text, Page 16 – Risks – Second bullet point amended to ‘Assess credit risk by studying: tier one capital ratio, credit ratings (Standard & Poor’s and Moody’s), credit default swap rates (CDS) and protection from Financial Services Compensation Scheme (FSCS) – 100% of first £120,000’. Third bullet point amended to ‘Temporary high balances are protected up to £1.4m for six months’.
New Version: AF4RevisionNotes010925v2
30 January 2026 The analysis has been updated to reflect the fact that Owen would not be liable to employee national insurance contributions given he is above State Pension age. Salary sacrifice is therefore less likely to be a suitable option for him. A note to this effect has been added on pages 19 and 41. Any reference to salary sacrifice has been removed from Pages 22, 23, 32, 43, 46, 53, 63, and 64.
New Version: AF5Analysis100226v2
12 September 2025 Page 34, In the ‘Benefits’ column of the table, the fifth bullet has been removed. A note has been added after the table that reads:
‘NOTE: It may be possible for them to claim BADR on a future disposal of the property, but relief would be restricted if they charged rent to the business.’
New Version: AF5Analysis160925v2
1 March 2026 Improvements have been made to this resource to further support your learning. Click here to download an updated copy.
New Version: AF5HowToPassGuide
1 March 2026 Improvements have been made to this resource to further support your learning. Please contact our customer service team to request your updated copy.
New Version: AF5RevisionNotes010925v2
1 March 2026 Improvements have been made to this resource to further support your learning. Click here to download an updated copy.
File Name: AF5RevisionNotesTaster
20 April 2026 Improvements have been made to this resource to further support your learning. Please contact our customer service team to request your updated copy.
New Version: AF7CoreKnowledge010925v2
20 April 2026 Improvements have been made to this resource to further support your learning. Click here to download an updated copy.
File Name: AF7CoreKnowledgeTaster
20 April 2026 Page 12, under ‘Charging’, a sub-bullet point has been added after the first that reads:
‘Other than where carve-out requirements relating to serious ill health and/or financial difficulty are complied with’
Page 46, under ‘Nomination of death benefits’, a bullet point has been added after the fourth one that reads ‘However, will be within the estate with effect from 6 April 2027’
New Version: AF7RevisionNotes010925v4
21 February 2026 Due to a change in the CII Study Text, Page 62 – Financial Services Compensation Scheme – First bullet point amended to ‘Deposits – 100% of the first £120,000 per person per authorised firm’
New Version: AF7RevisionNotes010925v3
19 February 2026 Page 33 – Below the first bullet point under ‘Pension Commencement Lump Sum’, the last sub-level bullet point changed to read ‘the remaining LSA’. The third bullet point starting with ‘Post 75 maximum…’ has been removed.
New Version: AF7RevisionNotes010925v2
12 January 2026 Due to a change in the CII Study Text, the correct answer rationale for Question 9 has been amended to ‘The Financial Services Compensation Scheme covers the first £120,000 (£240,000 for joint accounts) of protected UK deposits.’
New Version: CF1Set1010925v2
15 April 2026 The correct answer rationale for Question 63 has been corrected to read ‘Of the options listed, it is the Royal Bank of Scotland that is not exempt from authorisation.’
New Version: CF1Set2010925v2
19 November 2025 Question ID 043CF8EMS2 – The question stem has been amended to: ‘Fi has capital of £15,500 and a weekly income of £250. Her weekly care costs are £800, and the Personal Expenses Allowance is £30.65. How much will the local authority contribute towards her care?’
Option C has been amended to ‘£575.65’.
The rationale has been amended to:
‘Cost of care £800 + PEA £30.65 = £830.65
Capital tariff income: (£15,500 – £14,250) ÷ £250 = £1,250 ÷ £250 = £5
Total income: £250 + £5 (tariff income) = £255
Local authority contribution = £830.65 – £255 = £ 575.65’
15 April 2026 The answer to Question 39 has been corrected to Option B.
New Version: CF8Set3010925v2
19 September 2025 In the answer table on Page 9, Question 14, the answer has been amended to B; the chapter reference is 3, and the section reference is B5.
File Name: CF8MockTaster
12 January 2026 Improvements have been made to this resource to further support your learning. Please contact our customer service team to request your updated copy.
New Version: ER1Set1010925v2
12 January 2026 Improvements have been made to this resource to further support your learning. Please contact our customer service team to request your updated copy.
New Version: ER1Set2010925v2
19 February 2026 Questions 5 and 36 answers corrected to option A (not D)
New Version: ER1Set3010925v3
12 January 2026 Improvements have been made to this resource to further support your learning. Please contact our customer service team to request your updated copy.
New Version: ER1Set3010925v2
12 January 2026 Improvements have been made to this resource to further support your learning. Click here to download an updated copy.
File Name: ER1MockTaster
12 March 2026 Improvements have been made to this resource to further support your learning. Please contact our customer service team to request your updated copy.
New Version: FA1Set1010925v2
12 March 2026 Improvements have been made to this resource to further support your learning. Please contact our customer service team to request your updated copy.
New Version: FA1Set2010925v2
12 March 2026 Improvements have been made to this resource to further support your learning. Please contact our customer service team to request your updated copy.
New Version: FA1Set3010925v2
3 March 2026 Improvements have been made to this resource to further support your learning. Click here to download an updated copy.
File Name: FA1MockTaster
19 September 2025 The answer to Question 1 has been amended to read £207,913.13
New Version: J05Set1010925v2
19 September 2025 The Model Answer for Question 7 has been amended and now reads:
- Amount of pension at start of input period 12/60 x £65,000 = £13,000
- £13,000 x 16 = £208,000
- Increase by CPI 1.7%
- Opening Value = £211,536
- Value at end of PIP
- 13/60 x £66,000 = £14,300
- £14,300 x 16 =£228,800
- TPI = £228,800 – £211,536 = £17,264
New Version: J05Set2010925v2
13 January 2026 Section 4 – PCLS and UFPLS – Page 26, the bullet points after ‘Maximum allowable PCLS is normally lower of’ should read:
• 25% of capital value of benefits coming into payment, and
• remaining LSA
New Version: J05RevisionNotes010925v2
20 April 2026 Question ID 082J10EMS1 – Answer updated to B and D. Sentence following the calculation in the correct answer rationale has been amended to ‘The dividend yield gives an indication of the expected return on a share and provides an indication of a company’s perceived ability to grow its dividends.’
25 February 2026 Due to a change in the CII Study Text, Question 5 has been amended to:
Ryan and Mary have £245,000 held in a joint deposit savings account. In the event of the institution becoming insolvent, how much could they expect to recover under the Financial Services Compensation Scheme?
A. £50,000
B. £85,000
C. £240,000
D. £245,000
The correct answer rationale has been amended to: Each holder of a joint account is eligible for compensation up to the maximum limit of £120,000 held under that banking licence, i.e. £240,000 in total.
New Version: J10Set2010925v2
21 February 2026 Due to a change in the CII Study Text, Page 16 – Risks – the second bullet point has been amended to ‘Financial Services Compensation Scheme (FSCS) – 100% of first £120,000 (£240,000 joint accounts) per institution (care to be taken as some banks/building societies are in the same group)’. Page 85 – Credit risk – the fifth bullet point has been amended to ‘UK deposit-takers – FSCS 100% of £120,000, however, if very high interest rate being offered, check covered as risk of default may be higher’.
New Version: J10RevisionNotes010925v2
20 February 2026 Improvements have been made to this resource to further support your learning. Please contact our customer service team to request your updated copy.
New Version: J12CalcWkbk010925v2
20 February 2026 Improvements have been made to this resource to further support your learning. Click here to download an updated copy.
File Name: J12CalcTaster
26 February 2026 Due to a change in the CII Study Text, Question 31 has been amended. Option C is now £117,000; Option D is now £120,000; the answer is now C; the correct answer rationale has been amended to: Under the FSCS bank deposit protection scheme, protection is limited to the first £120,000 of deposits per authorised institution. Joint account holders can each recover up to the maximum limit of compensation in respect of the same account. £117,000 is within the limit of £240,000 (2 x £120,000) for joint accounts.
New Version: J12Set1010925v2
3 March 2026 Improvements have been made to this resource to further support your learning. Click here to download an updated copy.
File Name: LP2MockTaster
26 February 2026 Due to a change in the CII Study Text, the correct answer rationale for Question 67 has been amended to: The FSCS limit for home finance mediation activities is £85,000.
New Version: R01Set2010925v2
21 February 2026 Due to a change in the CII Study Text, Page 84 – FSCS Compensation Limits – the first second-level bullet after ‘Per person/authorised firm:’ has been amended to ‘Deposits – £120,000 (temporary high balance of up to £1.4m for six months)’
New Version: R01RevisionNotes010925v2
22 February 2026 Due to a FSCS change in the CII Study Text, the correct answer rationale for Question IDs 001R02EMS2 and 073R02EMS2 have been amended. The last part of the rationale for Question 001R02EMS2 is now ‘…default risk, albeit deposits of up to £120,000 are usually protected by the Financial Services Compensation Scheme’. The first sentence of the rationale for Question 073R02EMS2 is now ‘Gaynor will be subject to a higher degree of default risk, since cash deposits of up to £120,000 are protected by the Financial Services Compensation Scheme, which is not the case for corporate bonds.’
Question ID 001R02S2 has been amended and now reads:
Ryan and Mary have £165,000 held jointly in a deposit savings account. In the event of the institution becoming insolvent, how much could they expect to recover under the Financial Services Compensation Scheme (FSCS)?
A. £85,000
B. £117,000
C. £165,000
D. £240,000
The correct answer rationale now reads: ‘The Financial Services Compensation Scheme provides 100% compensation to investors (should an institution fail) of up to £120,000 of cash savings per institution. If an account is in joint names, each individual is eligible to claim the full £120,000; therefore, Ryan and Mary could expect to recover the full £165,000.’
22 February 2026 Due to a change in the CII Study Text, Question 1 has been amended and now reads:
Ryan and Mary have £165,000 held jointly in a deposit savings account. In the event of the institution becoming insolvent, how much could they expect to recover under the Financial Services Compensation Scheme (FSCS)?
A. £85,000
B. £117,000
C. £165,000
D. £240,000
The correct answer rationale now reads: ‘The Financial Services Compensation Scheme provides 100% compensation to investors (should an institution fail) of up to £120,000 of cash savings per institution. If an account is in joint names, each individual is eligible to claim the full £120,000; therefore, Ryan and Mary could expect to recover the full £165,000.’
New Version: R02Set2010925v2
21 February 2026 Due to a change in the CII Study Text – Page 5 – Risks – the first bullet has been amended to ‘Default risk – creditworthiness of deposit taking institution. Assess by credit ratings (Standard & Poor’s and Moody’s) and protection from Financial Services Compensation Scheme (FSCS) – 100% of first £120,000’. The second bullet has been amended to ‘Temporary high balances are protected up to £1.4 million for six months’.
New Version: R02RevisionNotes010925v2
21 February 2026 Due to a change in the CII Study Text – Page 5 – Risks – the first bullet has been amended to ‘Default risk – creditworthiness of deposit taking institution. Assess by credit ratings (Standard & Poor’s and Moody’s) and protection from Financial Services Compensation Scheme (FSCS) – 100% of first £120,000’. The second bullet has been amended to ‘Temporary high balances are protected up to £1.4 million for six months’.
File Name: R02RevisionNotesTaster
11 December 2025 Rationale to Question 7 should read ‘threshold income of £200,000’ not £260,000.
New Version: R04Set1010925v2
13 January 2026 Section 7 – PCLS and UFPLS – Page 47, the bullet points after ‘Maximum allowable PCLS is normally lower of’ should read:
• 25% of capital value of benefits coming into payment, and
• remaining LSA
New Version: R04RevisionNotes010925v2
1 March 2026 Improvements have been made to this resource to further support your learning. Please contact our customer service team to request your updated copy.
New Version: R06RevisionNotes010925v2
24 November 2025 The answer to Question 55 has been amended from C to B.
New Version: R07Set2010925v2
All resources for AF, CF, ER, FA, J0, LP, and R0 have been updated in accordance with the new syllabus examinable from 1 September 2025. If you purchased the 2025/25 versions during the period 1 June to 31 August 2025, contact us to receive the updated versions free of charge*. Note that E-Mocks have been updated on our website, and the material found there now reflects the new examinable tax year.
*Note this does not apply to: IF exams whose examinable year ends on 31 Dec; the E-Mocks, which have their own subscription period; those resources which have been discontinued; or our R06 and AF5 analysis products.
