Tag Archives: J11

CII exams

CII exams: getting to Chartered

One of the questions that we frequently get asked is ‘which CII exams should I sit next?’. If you are on the road to chartered status, there are a wide range of options. This is a big area so in this article, I’ll look at some of the key options for the Certificate and Diploma CII exams that are worth considering.  I’ve looked at related areas in two other blogs:

CII exams: getting to CII Chartered status (part 2). To view it, click here

Which CII exam should I sit next? To view it, click here

CII Chartered requirements

To complete Chartered Status, the CII require a total of 290 exam credits. Assuming you’ve completed all of the R0 exams, that’s 100 credits out of the way. A further 120 credits must be AF subjects (including AF5 which is compulsory). This leaves a remaining 70 credits that can come from Diploma, Certificate or Advanced Diploma CII exams.

Click here for a link to the CII qualification guide.

Clusters of CII exams

What you’ll find is that most of the the Advanced Diploma or AF exam subjects are based on the lower level Diploma exams. In other words, the technical content is Diploma but the use or application of this knowledge is a level 6 skill. In simple terms, view Diploma as being ‘what is it?’ and Advanced Diploma as being ‘how do I use it?’.

If you know the rules, this means that it is possible to ‘max out’ your credits and minimise your work. Here’s how.

AF1 – Personal tax and trust planning

Based on the CII AF1 syllabus, there are three underpinning Diploma subjects for this exam: R03, part of R05 and J02 (Trusts).

On successful completion, the credits are:

AF1 (30 credits at Advanced Diploma)

J02 (20 credits at Diploma level)

Total credits: 50. If you haven’t already got R03 or R05, then that’s an additional 20 credits.

Remember that J02, R03 and R05 are deemed to be the necessary underpinning knowledge for AF1 so if you need this knowledge anyway, why not also sit these CII exams (if you haven’t already) and potentially get up to 70 credits?

Sensibly, you’d sit these exams relatively close together to minimise your study and to ensure that you lose as little of your knowledge from your study as possible.

AF4 – Investment Planning

Likewise with AF4, there are two underpinning Diploma subjects for this exam: R02 and J10 (Discretionary investment management)

On successful completion, the credits are:

AF4 (30 credits at Advanced Diploma)

J10  (20 credits at Diploma level)

Total credits: 50. If you haven’t already got R02, then that’s an additional 20 credits, making 70.

If you look at the syllabuses for R02 and J10 CII exams, you’ll find a significant degree of overlap. So if investments are your thing, why wouldn’t you ensure that you have credits for both of these?  For not too much extra study, you could get 40 credits between them.

Finally on the theme of investments, J12 looks at securities and dealing and J11 looks at wrap and platform services.  The content in these subjects could also be tested to some degree in AF4. So if you go the full monty, this is a potential total of 110 credits for investment related subjects.

And there other investment related options as well, but I’ll leave this for another time.

AF7 – Pension transfers

With AF7, the CII state that the two underpinning subjects are R02 and J05 (pension income options).

On successful completion, the credits are:

AF7 (20 credits at Advanced Diploma)

J05 (20 credits at Diploma level)

Total credits: 40. If you haven’t already got R02, then that’s an additional 20 credits, making 60.  If you want the qualification: ‘Certificate in Pension Transfer Advice’, you’ll also need R01 and R04. If you haven’t already got them because you started sitting CII exams more years ago than you care to remember, this is another 30 credits in addition.  Finally, AF8, or retirement income planning, is an Advanced Diploma subject that is tested using coursework and is worth another 30 credits. Pensions related subjects could potentially be worth a total of 120 credits.

If you want to know more about these AF exams and how to prepare for them, click here to access our FREE Exam preparation guides.

If you want to know how to fit your study in around your work and family commitments, click here.

Remember, work smarter, not harder. Until the next time

Diploma Doctor

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