Chartered Insurance Institute

Chartered Insurance Institute (CII)

Abv. Name Description Level
ACII Associateship Examination Associate members are those who have gone on to secure more advanced qualifications by completing the Advanced Diploma in Insurance or its predecessor the Associateship. This shows a commitment to continuous professional development. QCF4+
AdvDipIP Advanced Diploma In Financial Planning This qualification enables professional advisers to develop specialist planning capabilities, covers topics like: personal tax and trust, business financial, pension and investment planning. QCF4+
AF1 Personal Tax and Trust Planning This examination assesses the candidate to develop in depth financial planning skills related to personal tax and trusts. QCF4+
AF2 Business Financial Planning This examination assesses the candidate to develop in depth financial planning skills related to business. QCF4+
AF3 Pension Planning This examination assesses the candidate to develop in depth financial planning skills related to personal and corporate pensions. QCF4+
AF4 Investment Planning This examination assesses the candidate to develop in depth financial planning skills related to investments and the management of investment portfolios. QCF4+
AF5 Financial Planning Process This examination assesses the candidate to develop an understanding of the financial planning process when giving advice to clients. QCF4+
AF6 Senior management and supervision At the end of this unit, candidates should be able to demonstrate their ability to apply and evaluate the supervision principles and practices in a retail financial services business QCF4+
AFPC Advanced Financial Planning Certificate In order to have completed this qualification, individuals were required to obtain three units. These could have been selected from any combination of the available units at that time but must have included the compulsory G10 unit - Taxation and Trusts. QCF4+
ALIA Dip + gap fill Associate Associate members are those who have gone on to secure more advanced qualifications by completing the Advanced Diploma in Insurance or its predecessor the Associateship. As part of the Retail Distribution Review which comes into effect in 2013 they will have also been required to demonstrate their knowledge is up to date, this process is known as Gap Fill. On satisfaction of the gap fill requirements they will have obtained a Statement of Professional Standing from an FCA Accredited Body. QCF4
CF2 Investment and Risk This examination assesses a knowledge and understanding of investment products and the risks involved. QCF3
CF3 Financial Protection This examination assesses a knowledge and understanding of financial protection plans. QCF3
CF4 Retirement Planning This examination assesses a knowledge and understanding of the various pension products, the pension tax regime and retirement needs. QCF3
CF6 Certificate in Mortgage Advice This qualification assesses a knowledge and understanding of the UK regulation environment in the financial services industry, mortgage products, repayment options and the giving of mortgage advice. QCF3
CF7 Certificate in Financial Planning and Lifetime Mortgage Activities This qualification assesses a knowledge and understanding of the UK regulation environment in the financial services industry, lifetime mortgage products, repayment options and the giving of mortgage advice. QCF3
CF8 Certificate in Financial Planning and Long-Term Care Insurance This qualification assesses a knowledge and understanding of the UK regulation environment in the financial services industry, long term care insurance products and the giving of long term care insurance advice. QCF3
CF9 Pensions Simplification This examination assesses a knowledge and understanding of the Government’s simplified pension taxation regime which came into full effect on 6 April 2006 (A-Day). Eight tax regimes for pensions were reduced to one, radically affecting planning and transactions. QCF3
Chart FP Chartered Financial Planner Having achieved the APFS designation, advisers can go onto to achieve this recognisable benchmark of quality and ethical practice for financial services professionals, elevating financial planning and advice in the public eye to the same standing as other Chartered professions. The holder must demonstrate a combination of experience, financial qualifications, ongoing educational activity (continuous professional development) and ethical behaviour. QCF4+
DipFP Diploma In Financial Planning This qualification develops advanced technical knowledge and understanding across a broad range of key advisory areas. QCF4+
ER1 Equity Release This examination assesses a knowledge and understanding of the different types of equity release products, risks to the consumer associated with equity release and application of suitable equity release solutions according to the circumstances of different customers. QCF3
FCII Fellow Membership Fellowship of the CII is universally regarded as the premier qualification for those working in the insurance industry. This shows a commitment to continuous professional development QCF4+
FLIA Dip + gap fill Fellow Fellowship of the CII is universally regarded as the premier qualification for those working in the insurance industry. As part of the Retail Distribution Review which comes into effect in 2013 they will have also been required to demonstrate their knowledge is up to date, this process is known as Gap Fill. On satisfaction of the gap fill requirements they will have obtained a Statement of Professional Standing from an FCA Accredited Body. QCF4
G10 Taxation and Trusts This examination assessed a knowledge and understanding of the UK tax system, the law and practice of trusts, but also an ability to advise individual clients on the tax treatment of their investments and the use of trusts to meet their current and foreseeable future needs. QCF4+
G20 Personal Investment Planning This examination assessed a knowledge and understanding of investments and an ability to advise individual clients on the construction of investment portfolios to meet both their current and foreseeable future needs. QCF4+
G30 Business Financial Planning This examination demonstrated that the individual has a knowledge and understanding of all financial planning aspects of running a business and an ability to advise clients appropriately. QCF4+
G60 Pensions This examination enhanced general pension knowledge, particularly in pension transfers and opt-out business. QCF4+
G70 Investment Portfolio Management This qualification assessed a knowledge and understanding of portfolio investment management. QCF4+
G80 Long-Term Care, Life and Health Protection This AFPC module provided an advanced knowledge of life and health protection. The October 2004 examination qualified the individual to advise on long-term care insurance. QCF4+
GR1 Group Risk This examination assesses an understanding of group risks, including the operations of such schemes and their features and taxation. QCF3
H15 Supervision and Sales This examination assessed specialist supervisory knowledge and skills in the regulatory environment. QCF4+
H25 Holistic Financial Planning This examination assessed knowledge and understanding to analyse and evaluate a client’s circumstances and financial needs and produce a holistic financial solution based on an in-depth knowledge of financial services products. QCF4+
HR1 Home Reversion Plans This examination assesses a knowledge and understanding of the legislative and regulatory position of home reversion plans and their place in the advice process. QCF3
IF7 Healthcare Insurance Products The examination assesses the candidates knowledge of the insurance market, legal principles, procedures and major classes of healthcare insurance. QCF3
J01 Personal Tax At the end of this unit, candidates should be able to demonstrate an understanding of: the basic structure of the tax system and self-assessment; the main taxes on income and capital that may be charged on individuals, the self-assessment system and how tax liabilities are computed; impact of residence and domicile on an individual’s liability to UK tax. QCF4
J02 Trusts At the end of this unit, candidates should be able to demonstrate an understanding of the: legal principles associated with the creation and management of a trust; main types of trusts that are common in the UK; taxation considerations relevant to trusts. QCF4
J03 The Tax and Legal Aspects of Business At the end of this unit, candidates should be able to demonstrate an understanding of: the main legal forms of business and how they are set up and managed; the consequences of bankruptcy or insolvency; business accounts and financial controls; the taxation of each type of business entity, its owners and employees; the main legal responsibilities businesses have to employees, suppliers and customers. QCF4
J04 Pension Funding Options At the end of this unit, candidates should be able to demonstrate an understanding of the: main tax and legal frameworks that govern the accumulation phase of building up retirement benefits under registered pension schemes; features of defined contribution and defined benefit pensions; choices faced by early leavers and use of transfer value analysis; State retirement benefits available, including the risks and suitability of contracting out of the State Second Pension. QCF4
J05 Pension Income Options At the end of this unit, candidates should be able to demonstrate an understanding of the: process of decumulating pension funds and the main issues for clients and advisers; main choices facing members of pensions schemes during decumulation; features, risks and tax treatment of the secured pension option; features, risks and tax treatment of the unsecured pension option; features, risks and tax treatment of phased retirement; features, risks and tax treatment of the alternatively secured pension option. QCF4
J06 Investment Principles, Markets and Environment At the end of this unit, candidates should be able to demonstrate an understanding of: how the economic environment and individual company performance affects investment performance and investment decision making; how risk is measured and managed; the main principles governing how to construct an investment portfolio; the range of investment management services, how their performance is evaluated and their regulatory environment. QCF4
J07 Supervision in a Regulated Environment At the end of this unit, candidates should be able to demonstrate an understanding of: the supervisors role in a regulated organisation; recruitment, training, attaining competence, maintaining competence and supervising competence; management information and performance standards; Financial Conduct Authority rules and guidelines in respect of competence and supervision; the legal and regulatory aspects of employment and supervision. QCF4
J09 Paraplanning At the end of this unit candidates should be able to demonstrate their ability to understand the role of the paraplanner in providing financial services, and evaluate and analyse the customer's financial circumstances to provide potential solutions QCF4
J10 Discretionary Investment Management At the end of this unit candidates should be able to analyse and apply financial information and portfolio management skills QCF4
J11 Wrap and Platform Services At the end of the unit candidates should be able to understand the use of platforms in providing financial services, the legal regulatory environment in which they operate and the ability to assess the suitability of platforms in meeting client requirements QCF4
K10 Retirement Options This examination assessed knowledge and understanding of income generating options and applying the knowledge to retirement planning situations. QCF4+
K20 Pensions Investment Options This examination assessed knowledge and understanding of the range of investments available for planning of pensions and to be able to apply the construction of a pension portfolio management for a client. QCF4+
MAQ Mortgage Advice Qualification This qualification assessed the knowledge and understanding of the UK regulation environment in the financial services industry together with types of mortgage products and repayment options and the giving of mortgage advice. QCF4
RegDipFP Regulated Diploma in Financial Planning This qualification assesses a knowledge and understanding of the UK Financial services, regulation and ethics, investment principles and risk, personal taxation, pensions and retirement planning, financial protection and financial planning practice. QCF4
R01 Financial Services, Regulation and Ethics This qualification assesses a knowledge and understanding of the financial services industry, including regulation, legislation and the Code of Ethics. QCF4
R02 Investment Principles This qualification assesses a knowledge and understanding of investment products and the application of the investment advice process. QCF4
R03 Personal Taxation This qualification assesses a knowledge and understanding of the UK taxation system, and the ability to analyse the taxation treatment of individuals and trusts during the investment advice process. QCF4
R04 Pensions and Retirement Planning This qualification assesses a knowledge and understanding of an ability to analyse pension and retirement planning issues. QCF4
R05 Financial Protection This qualification assesses a knowledge and understanding of an ability to analyse financial protection planning issues. QCF4
R06 Financial Planning Practice This qualification helps advisers develop and demonstrate their financial planning capabilities. QCF4
SV1 Saving and Investments This examination assessed the knowledge and understanding of economic factors that affect risk from different investments, product features and regulatory framework of retail investments, taxation liabilities and portfolio planning. QCF4