The AF7 Pension transfers unit is a level 6 exam and is one of the optional units on the Advanced Diploma in Financial Planning.
It’s an exam that focusses on specialist knowledge of the advice process for pension transfers, which is a fairly complex areas of advice. It is a 2-hour exam comprising of 3-4 written short answer questions worth a total of 32 marks and 2 case study based questions worth a total of 68 marks. With a 2021 pass rate of 56% it is a tricky exam requiring a critical appraisal of the financial planning options available.
|Exam||Recommended study hours||Credits||Pass mark||National pass rate (2021)|
|AF7 Pension Transfers||100||20||60%||56%|
Passing AF7 needs a very focused approach when it comes to your study plan. This is a challenging exam with a narrow syllabus, which means candidate knowledge levels and their ability to apply this knowledge to short answer questions and case studies needs to be good. Last minute cramming will generally not result in an exam pass – a ‘little and often’ approach is recommended, as always with any advanced exam.
The BTS AF7 study plan has four steps to it; the aim being to set you up for first time exam success.
Finally, we would suggest you attend a revision workshop for some last minute technical and question styles input.
The BTS AF7 study guide is currently in development with an anticipated publishing date in Q4 2022.
It is designed as a complete replacement for the CII study text. It has been written to gradually walk you through the exam syllabus, building your technical knowledge of the pension transfers advice process. It will teach you the foundations of the correct question answering techniques, which are so important to achieve a first-time exam pass.
The BTS AF7 e-Learning module consists of five unique case studies, each with a full set of specimen exam questions and model answers. The module is designed to be worked through as a series of mock papers, attempting your own answer before self-marking using our marking grid. A clear rationale is provided for each answer so you can learn as you go.
We include hints and tips after each question debrief, plus include relevant crib sheets on possible technical areas that could be examined.
BTS AF7 designers sit the exam every year to keep their knowledge of the question styles as up to date and relevant as possible.
BTS run remote two-day workshops for candidates sitting the AF7 exam.
Day one of the workshop refreshes some of the key technical areas examined on the paper, with a focus on COBS rules.
Day two focuses on specimen exam questions and model answers so you can understand what the CII examiner is looking for. You will have the opportunity to ask and discuss questions in a group forum as well, to prepare for the AF7 exam sitting as much as possible.
You will receive a set of digital materials including three mock case studies, specimen questions and answer feedback. Plus, a selection of technical crib sheets to organise your learning.
Below, you will find a range of recent articles providing insights, help and advice for this exam, we hope you find these useful. Remember if you have any questions on your journey feel free to get in touch with the BTS support team.