The first thing to say is that many of the questions in R02 may be asking you about a particular subject, for example OEICs, but the answer options often include elements that relate to other investments, such as Investment Bonds.
So, in order to answer the question on the OEIC you have to be clear that features such as ‘the 5% rule’ or ‘top-slicing’ apply to Bonds, not OEICS.
This means that each question could actually be testing application of knowledge from more than one learning outcome.
Add to this the fact that many candidates find the CII question wording tricky to decipher, and the result is often that it feels like more than one of the answer choices could be right! That’s because subjects such as ‘risk’ and ‘most appropriate solution’ are not black and white. Investing is full of grey areas.
You also need to be ready for the fact that the R02 exam questions will feel wordier than you expect. They are notoriously full of extra text that may not be relevant to the question being asked or are fundamental in being able to identify the right answer!
As we mentioned, R02 has a wide syllabus, so candidates need to make sure that they don’t spend too much of their study effort on one subject at the expense of others. You can pass R02 if you forget a few of the more detailed facts around a particular subject, but your base knowledge must be solid as a rock.
National pass rates in 2020 were around 64%.