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Personal Finance Society
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Completion requirements


Life and pensions route

To complete the life and pensions route you need to obtain 45 CII credits by passing three compulsory units: LP1, LP2 and LP3.

Units Credits and level  Study hours per unit ** Assesment method Exam sessions Nominal pass mark *** Results notification
LP1 15 - Level 3 60 2 hour exam comprising 15 multiples choice questions (MCQs) plus 35 MCQs linked to 7 case studies  Year-round 70% Immediate notification of results
LP2* 20 - Level 3 100 2 hour exam comprising 75 MCQs
LP3 10 - Level 3 50 90 minute exam comprising 50 MCQs


General route

To complete the general route you need to obtain 35 CII credits by passing two compulsory units: CF1 or R01 and LP2.

Units Credits and level  Study hours per unit ** Assesment method Exam sessions Nominal pass mark *** Results notification
CF1 15 - Level 3 60 2 hour exam comprising 100 multiples choice questions (MCQs) Year-round 70% Immediate notification of results
R01 20 - Level 4 60 2 hour exam comprising 100 MCQs 65%
LP2* 20 - Level 3 100 2 hour exam comprising 75 MCQs 70%

* Holders of '(FA7) Financial services products'  satisfy this requirement.

** The recommended minimum study hours shown below will vary according to your experience and ability. 

*** The nominal pass mark is shown, however, the actual pass mark may vary from one session to another to ensure that the pass standard remains constant.