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CII R08 Exam: Pensions Update

The CII’s R08 exam focuses on pension reforms and how they affect advice.

The CII have announced that the R08 exam will be withdrawn in August 2018.

IMPORTANT note re MPAA : The CII has stated: “The Government has announced that the second 2017 Finance Bill to be introduced in the autumn will legislate for policies, such as the reduction of the Money Purchase Annual Allowance (MPAA), that have already been announced as applying from the start of the tax year 2017/2018.  The dates of application will be retained and applied as originally announced.  Examinations from the 1 September 2017 onwards will, therefore, test on the basis that the reduced MPAA applies for the 2017/2018 tax year.”
This announcement can be found on the CII website.

 

The exam syllabus covers the Taxation of Pension Act 2014, the new legislative, compliance and reporting requirements, new developments in the provision of pensions, changes to transferring of beneifts and pension income options, changes to the state pension from 6 April 2016 and the key factors when advising on income in retirement.

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Mock Exam Papers

3 full sets of 45 questions and answers including 1 case study, with cross references to the relevant CII study text.  All questions and answers are written by Brand Financial Training and kept up-to-date to reflect changes to the exam syllabus and tax year.

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