Below you can find the latest updates to our learning resources. We recommend checking this section regularly to stay informed of any changes. Updates may arise from:
• Revisions to the exam syllabus
• Amendments to the relevant CII study texts that directly impact our materials
• Corrections to typographical errors
• Adjustments addressing more complex issues
By reviewing these updates, you can ensure your study materials remain accurate and aligned with current requirements. Simply click onto the Study Material required and any updates will display below.
Please note: The Categories for the filters will only appear if there are posts within that category. If a category doesn’t have any posts within it, it wont display to users.
Question 72: If a whole of market restricted adviser, who never advised on pension transfers, leaves an authorised firm, then records should be kept for…
The correct answer should have been option A: a minimum of three years.
Question 75: A client refuses to disclose information that would be key to the advice being provided. The financial adviser should…
The correct answer should have been option A: note down the non-disclosure and decline to provide advice.
Question 88: The maximum prison term for knowingly assisting a money launderer is…
The correct answer should have been option D: 14 years.
Question 313: Your client is concerned about income. She should be aware that…
The correct answers should have been A and C rather than A, C and D.
Question 360: Harjun’s client wants to understand why risk is so critical to portfolio performance. Harjun explains that…
The correct answers should have been A, C and D rather than just A and C.
Answer D (market risk is also known as systemic risk) is also correct.
Question 332: Emily asks her adviser to explain the information ratio. He tells her that…
The correct answers should have been A and B rather than A and C.
Question 28: If the UK Gilt yield curve has higher yields for long-dated bonds compared to short-dated bonds this suggests that the yield curve is…
The correct answer should have been A (normal) rather than C (inverted).
Question 40: A hedge fund is employing a strategy whereby they use arbitrage to exploit market price anomalies. This is known as…
The correct answer should just have been B (a market neutral strategy) rather than B and D.
Question 302: She is also looking at the dividends to supplement her retirement income in the future. Sylvie explains that…
The correct answers should have been B and D rather than C and D.
Example 3.11
The CGT rates should have been 18% and 24% rather than 10% and 20%.
Question 53: Joe has an estate in excess of £2,000,000 and has set up a life assurance policy. The MAIN advantage of this policy is likely to be that…
The correct answer should have been option B: the policy, if placed in trust, provides protection against inheritance tax (IHT).
Question 66: Under a personal, accident and sickness (PAS) policy the deferred period before any payment will be made is usually…
The correct answer should have been option A: 1 month.
Question 170: How much Stamp Duty Reserve Tax will be paid on a direct purchase of £10,000 in Alternative Investment Market (AIM) shares?
The correct answer should have been option B: more on occupation and more on health.
Question 190: Any gain created from the sale of an investment bond could be subject to which of the following taxes?
The correct answer should have been option A: Income tax.
Question 227: Janine has died pre-crystallisation, aged 52, leaving a defined contribution (DC) pension fund of £1,155,000. Her lump sum death benefits, if paid out immediately, will be…
The correct answer should have been option C: subject to a lifetime allowance charge on any excess above Janine’s lifetime allowance.
Question 277: A client is a member of a 1/60th defined benefit (DB) occupational pension scheme. They have 25 years’ service and an £60,000 final salary when they reach retirement. This member will be entitled to an annual pension of…
The correct answer should have been option A: £25,000
Keeping your study materials up to date is essential for exam success.
To ensure you are working with the most accurate resources, we recommend checking this page regularly. Here you will find updates that directly affect your study materials, helping you stay aligned with the latest requirements
Updates to your study materials are published directly on the CII website at www.cii.co.uk. To locate them, select your exam unit and look for the “Unit Updates” section displayed in the right‑hand column. We recommend reviewing both the “Learning Solutions Update” and “Qualification Update” headings to ensure you are working with the most current information.
