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Personal Finance Society
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Key facts

Key facts for the Diploma in Regulated Financial Planning

Ofqual Regulated Qualification Framework (RQF) Level Level 4
Number of available units 6 Diploma 'R0' units
Compulsory units 6 units:
• (R01) Financial services, regulation and ethics
• (R02) Investment principles and risk
• (R03) Personal taxation
• (R04) Pensions and retirement planning
• (R05) Financial protection
• (R06) Financial planning practice
CII credits required to complete (existing credits carried forward) 100
CII credits per unit R01/R02 - 20 credits
R03-R05 - 10 credits
R06 - 30 credits
Combination of units at any level allowed Not applicable
Exam format R01/R02
• Online, 2 hours
• 100 multiple choice questions
• Online, 1 hour
• 50 multiple choice questions
• 3 hours
• 2 written case studies
Average study time per unit R01/R02 - 60 hours
R03-R05 - 50 hours
R06 - 100 hours
Availability of exam sessions (Details shown apply to the UK. Outside of the UK exams are offered twice-yearly)

Year-round (R01-R05)
Availability varies from centre to centre, but typically weekly
4 times a year (R06)

Entry requirements? None
Credits available for prior learning? Yes
Record of Achievement issued for each exam pass? Yes
CII/PFS membership designation DipPFS
PFS members are entitled to use on completion