Chartered Insurance Institute qualifications

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