Tag Archives: AF exam preparation

AF exam

Preparing for your CII AF exam

What do you need to know to pass a CII AF exam first time?

The CII AF exams deserve some respect. Let me give you two reasons why. Firstly, the pass rates for the key technical exams (AF1 through to AF4) vary between 40% and 49%. Secondly, you will be required to apply your knowledge to more complex planning scenarios. The AF exams often mirror familiar day-to-day planning scenarios but AF questions will often be towards the harder end of the spectrum. And, of course, you aren’t able to use Google. And you have to do all of this usually under the pressure of a 3 hour written exam.

Preparation is key

Anyone who has played sport to a decent level will know that preparation is key. You don’t just turn up at the football ground or golf club and hope that you will perform at your best. In fact, how you perform will probably be a direct result of  how much training or practice you have put in. Passing an AF exam is no different.

So how much time do I need to spend practicing? The CII recommend 150 hours for AF1, AF2, AF3, AF4 and AF5 exams. For AF7 – it’s 100 hours.

Having said this, we also live in the real world. Most of us recognise that you need to do more than attend a one day workshop and then sit the exam. When preparing for an AF exam, someone once asked me: “do I have to sacrifice my business or my family life?”. It might sometimes feel like this, but it doesn’t have to.

What do I need to do to be successful first time?

Success in any AF exam is about two things:

Knowledge + application = success

Firstly, you need to know enough about a subject. This is hopefully obvious. But if you are sitting AF4 – Investment Planning – chances are you will need to know about the time value of money, dividend yields and the different ways of measuring investment returns. If you are  a typical financial adviser or para-planner, you are just not going to come across this in your daily work. And I could give lot’s of example for the other subjects – the AF syllabus for each subject is broad and you will need to prepare for this.

If you speak to a CII examiner, they are all likely to say the same thing. People often have enough knowledge to pass but fail to use it properly. What they mean is people in the exam don’t link their answers to the information provided in the case study, or don’t go into enough depth with their answers. Part of anyone’s preparation MUST be about completing at least two past CII exam papers. It’s the only way you will be able to understand both the exam and what the examiners are looking for.

Working smarter, not harder

Most people will have to put in hours of study, but really it’s about being smart about it. No one has enough time. That’s what our preparation guides are all about. They don’t cover any technical content. Instead, they succinctly tell you in around 16 pages what you need to know to get through the exam first time. There are individual preparation guides for AF1, AF2, AF4, AF5 and AF7. They tell you what some of the study options are for each exam and set out a suggested revision timetable. They outline your revision options and they include an analysis of past exam papers for each subject to identify the recurring areas – and every exam has them – that get examined.

The preparation guides are available to you FREE. Just click here and register as a member.

I would say “good luck with your exam”. But as we all know the more you prepare, the luckier you get!

The Diploma Doctor

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