Cookies on the PFS website

By using and browsing the PFS website, you consent to cookies being used in accordance with our policy. If you do not consent, you are always free to disable cookies if your browser permits, although doing so may interfere with your use of some of our sites or services. Find out more »

Personal Finance Society
Recently added to my basket
 
Sorry but there was an error adding this to your basket. Please try adding it again
 

Key information


What does the qualification involve?

The Certificate in Financial Services comprises either two, or three units from the Personal Finance qualifications framework, depending on your desired route specialism. Completion of the Life and Pensions route provides 45 credits, completion of the general route provides a minimum of 35 credits.

For the Life and Pensions route, candidates are required to study the following core units:

  • (LP1) Life and pensions customer operations
  • (LP2) Financial services products and solutions
  • (LP3) Life and pensions principles and practices

For the general route, candidates are required to study one of the following core units:

  • (R01) Financial services, regulation and ethics, or
  • (CF1) UK financial services regulation and ethics

And unit,

  • (LP2) Financial services products and solutions

 
For the unit syllabuses, return to the Certificate in Financial Services landing page where you will find the syllabus link at the top right of the page.

Life and Pensions route, unit overview:

Unit

Assessment method

Study hours*

Credits awarded

Unit level

 

 

 

 

 

(LP1) Life and pensions customer operations

·         2-hour exam

·         15 multiple choice questions; and

·         35 multiple choice questions related to 7 case studies

·         70% nominal pass mark**

60

15

3

(LP2) Financial services products and solutions

·         2-hour exam

·         75 multiple choice questions

·         70% nominal pass mark**

100

20

3

(LP3) Life and pensions principles and practices

·         90-minute exam

·         50 multiple choice questions

·         70% nominal pass mark**

50

10

3

 

 General route, unit overview:

Unit

Assessment method

Study hours*

Credits awarded

Unit level

 

 

 

 

 

(R01) Financial services, regulation and ethics

·         2-hour exam

·         100 multiple choice questions

·         65% nominal pass mark**

60

20

4

(CF1) UK financial services, regulation and ethics

·         2-hour exam

·         100 multiple choice questions

·         70% nominal pass mark**

60

15

3

(LP2) Financial services products and solutions

·         2-hour exam

·         75 multiple choice questions

·         70% nominal pass mark**

100

20

3

Find out more about assessment methods, including exam policies and centres »


Units treated as equivalent

Due to the extent of syllabus overlap, certain combinations of current and withdrawn CII units will result in only one award of credits.

If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules. Clarification should always be sought from CII Customer Service.

Find out more about credit awards for equivalent units »

 

*The recommended minimum study hours will vary depending on your experience and ability.

** The actual pass mark may vary from one session to another to ensure consistency in pass standards.