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Personal Finance Society
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Key information


What does the qualification involve?

The Certificate comprises three core units from a choice of four from the Personal Finance qualifications framework, providing a minimum of 50 credits on completion.  

Candidates are required to take one of the following units:

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

And units,

  • (CF6) Mortgage advice, and
  • (ER1) Equity release

There is no prescribed order in which units must be taken, but it is strongly recommended that you sit the cure unit first (R01 or CF1) first as these provide foundation knowledge upon which the others build.

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

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

(CF6) Mortgage advice

·         3-hour exam

·         100 multiple choice questions

·         5 case studies, each comprising 5 multiple choice questions

·          70% nominal pass mark**

100

20

4

(ER1) Equity release

·         2-hour exam

·         50 multiple choice questions

·         5 case studies each comprising 5 multiple choice questions

·         70% nominal pass mark**

70

15

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Due to the extent of syllabus overlap, certain combinations of current and withdrawn CII units will result in only one award of credits.

If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules.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.