R04 Exam: Pensions and Retirement Planning
Last updated on May 19th, 2020 at 5:00 pm
What to expect from the R04 exam
The R04 is a level 4 exam covering pensions and retirement planning and is a compulsory step towards achieving the Diploma in Regulated Financial Planning. Upon successful completion of the unit, candidates are expected to demonstrate sound knowledge of a wide range of pension and retirement planning issues, and to be able to analyse those issues within the context of specific case studies. For example, candidates may be asked to answer questions relating to withdrawing benefits from a personal pension scheme, annual allowance charges and lifestyle investment techniques.
The exam consists of 50 multiple choice questions inclusive of about 11 multi-answer questions. Most of the questions are worded in the style of a typical client scenario this can be more time consuming to read and digest and can often make the question appear harder than it actually is.
Practise the pension calculations and practise the mock papers to familiarise yourself with the style of the questions.
- Pension planning in relation to political, economic and social environment factors
- Pension planning in relation to the HM Revenue & Customs (HMRC) tax regime
- Applicable pensions law and regulations
- How an individual’s pension planning is affected by state schemes and benefits
- Defined contribution and defined benefit pension schemes
- When to draw pension benefits and relevant considerations
- Investment issues relevant to retirement planning
Venues and Dates
This segment of the CII Diploma in Regulated Financial Planning is held throughout the year at a range of locations across the United Kingdom, including London, Glasgow, Cardiff, Leeds, Bristol and Birmingham.
The R04 Exam is worth 10 exam credits towards the Diploma of Regulated Financial Planning. It is an online exam It must be completed within 1 hour and the nominal pass mark is 65%. Upon completion candidates receive an immediate notification of the result. A formal letter confirming the result is then sent within seven working days.
Brand Financial Training can help you prepare for and pass your R04 Exam. Our Mock Exam Papers include 3 complete sets of 50 questions in the style of the CII’s questions (but not duplicates of the CII mock papers). Another useful training aid for this exam is the Calculation Workbook, which includes over 85 pages of calculation questions and answers, and cross-references the CII study text. Brand Financial Training’s R04 Exam Study Notes are a condensed, focussed version of the CII study text. For your convenience, all learning resources are provided electronically in PDF format, allowing you to print them out and complete them at your leisure. They also come with a 30-day money-back guarantee.
Information in this article is correct as at May 2020