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Personal Finance Society
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Completion Requirements

To complete you need to obtain 140 CII credits, of which:

Completion requirements

To complete the Diploma you need to:

  • At least 80 credits must be at Diploma level  (units J02, J03, J05, J07, J09-J12, R01-R04, R06-R08). The following can also count towards this requirement:
    • Advanced Diploma level credits from withdrawn AFPC units;
    • One Advanced Diploma in Financial Planning unit (AF1-AF6) or a maximum of 30 non-specific Advanced Diploma credits.
  • The remaining credits can come from any CII financial services units, excluding unit LF1, subject to a maximum of 30 Advanced Diploma-level credits or 30 non-specific Advanced Diploma-level credits being used overall.

Recognition of prior learning applicants should note that in order to be awarded the Diploma in Financial Planning, they must obtain at least one CII assessment pass in a Diploma-level J0 or R0 unit.

Credits awarded for prerequisite qualifications

One of the following CII qualifications, or equivalent, must be held in order to complete the Diploma. Associated credit values are given to help you plan your unit pathway.

Qualification Credits and level
Certificate in Financial Services (General route) 35 - Certificate 
(Level 3)
Certificate in Financial Services (Life and Pensions route) 45 - Certificate 
(Level 3)
Certificate in Financial Planning 70 - Certificate 
(Level 3)
Certificate in Regulated Financial Services Operations 35 - Certificate 
(Level 3)
Financial Planning Certificate (1994 scheme - including unit FP3) 50 - Certificate 
(Level 3)
Financial Planning Certificate (pre-1994 scheme - excluding unit FP3) 32 - Certificate 
(Level 3)

Available units

Diploma units Cedits and level
(R01) Financial services, regulation and ethics
20 per unit - Diploma 
(Level 4)
(R02) Investment principles & risk
(R03) Personal taxation
10 per unit - Diploma 
(Level 4)
(R04) Pensions and retirement planning
(R05) Financial protection
10 - Certificate 
(Level 3)
(R06) Financial planning practice
30 - Diploma
(Level 4)
(R07) Advanced mortgage advice
15 - Diploma 
(Level 4)
(R08) Pensions update
10 - Diploma 
(Level 4)
(J02) Trusts  20 - Diploma
(Level 4)
(J03) The tax and legal aspects of business
(J05) Pension income options
(J07) Supervision in a regulated environment
(J10) Discretionary investment management
(J11) Wrap and platform services
(J12) Securities advice and dealing 
(J09) Paraplanning 30 - Diploma 
(Level 4)

 

Advanced Diploma units Credits and level
(AF1) Personal tax and trust planning 30 per unit - Advanced Diploma
(Level 6)
(AF2) Business financial planning
(AF3) Pension planning
(AF4) Investment planning
(AF5) Financial planning process
(AF6) Senior management and supervision

 

Certificate units Credits and level 
(CF1) UK financial services, regulation and ethics 15 - Certificate
(Level 3)
(CF6) Mortgage advice 20 - Certificate 
(Level 3)
(CF8) Long term care insurance 15 - Certificate
(Level 3)
(ER1) Equity release 15 - Certificate 
(Level 3)
(GR1) Group risk 10 - Certificate 
(Level 3)
(FA1) Life office administration 10 - Certificate 
(Level 3)
(FA2) Pensions administration 10 - Certificate 
(Level 3)
(FA4) Collective investment scheme administration 10 - Certificate 
(Level 3)
(FA5) Individual savings account administration 10 - Certificate 
(Level 3)
(FA6) Investment client servicing 10 - Certificate 
(Level 3)
(FA7) Financial services products 20 - Certificate 
(Level 3)
(LP1) Life and pensions customer operations 15 - Certificate 
(Level 3)
(LP2) Financial services products and solutions  20 - Certificate 
(Level 3)
(LP3) Life and pensions principles and practices 10 - Certificate
(Level 3)


The mechanics of entering 

There is no prescribed order in which Diploma units must be taken and you select those most appropriate to your learning needs. 

Units Study hours per unit * Assesment method Exam sessions Nominal pass mark ** Results notification
J02, J03, J05, J07 100 2 hour exam comprising 15 compulsory written short answer questions April/October 55% 9 weeks
J09 100 3 written coursework assignments, each typically 2,00 to 3,000 words n/a 65% 8 weeks
J11 100 2 hour exam comprising ompulsory written short answer questions and 2 essay-style questions April/October 55% 9 weeks
J12 70 2 hour exam comprising 60 MCQs and 3 case studies each comprising 5 multiple response questions  Year-round 65% Immediate notification of results
R01, R02 60 2 hour exam comprising 100 multiple choice questions (MCQ) Year-round 65% Immediate notification of results
R03, R04, R05 50 1 hour exam comprising 50 MCQs Year-round R03, R04 - 65%. R05 - 70% Immediate notification of results
R08 50 1 hour exam comprising 40 MCQs and 1 case study comprising 5 MCQs Year-round 65% Immediate notification of results
R06 100 3 hour exam comprising 2 written case studies on financial planning practice. Candidates receive the 2 written case studies two weeks before the exam. January/April/July/October 55% 6 weeeks

* 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.