Monthly Archives:February 2020

cii r01

R01 exam: how to pass

The CII’s R01 exam, Financial Services, Regulation and Ethics, has a current pass rate of 69%.

The exam has 100 questions, and you have 2 hours to complete it. 87 questions are single-response questions that only need one answer. 13 of the 100 are pesky multiple-response question that require more than one answer. These are much harder to answer.

Here are 6 tips to make sure you pass the exam first time – or at least make it more likely!

  1. Put in the hard yards. The CII recommend around 60 hours of study and most people will, unfortunately, need this and perhaps more. Why? Because R01 covers a really broad syllabus ranging from an overview of the savings, investment and pension products, to social security benefits and legal aspects like LPAs. The main focus is, of course, regulation and this isn’t most people’s idea of fun!
  2. Work smarter, not harder. It’s not just about how much study you do, but it’s also about the quality of your study. Most people learn best by ‘doing stuff’, rather than just reading (which is passive). For example, use highlighter pens, write summary notes and use the CII online RevisionMate practice questions. You might also use our audio material so that you can learn on the go.
  3. Focus on chapters 5, 6, 7 and 8 of the CII R01 study text.  The R01 exam questions are not allocated equally across each chapter in the study text. So if time is short, why wouldn’t you focus on the chapters that are most heavily examined? These four chapters not only account for all of the tricky multiple response questions (which will require a greater level of understanding), but also over half the overall questions in the R01 exam.  In other words, you are likely to fail R01 without a decent grasp of this content.
  4. Focus on the content you don’t know. You are likely to be familiar with at least some of the content. As few people will read the study text from cover to cover, focus your reading on the bits you are unfamiliar with. Why? The fact is that some knowledge goes a long way. Even if you don’t know the answer to a question, a little knowledge will help you to eliminate one or more of the incorrect answers. This leads me on to the next tip.
  5. Guess! Questions in R01 are marked positively so if you guess and get it wrong, you don’t lose anything. If you get it right then, bingo, one mark closer to the pass mark. Use a process of elimination to reduce the likely number of options but if in doubt, guess!
  6. Read the exam questions twice. Trust me, if the question gives you information, you’ll need to use it somehow. The CII doesn’t give information to just ‘pad out’ a question. So read the question twice and ask yourself: ‘how do they expect me to use this information?’.

R01 resources:

Click here for our FREE R01 practice question

Click here for a student’s point of view on R01

Click here for the CII FREE exam guide

Be prepared. Good preparation leads to success. If you want to know how you can learn on the go and fit it in around everything else, click here for details.

Until the next time

Ian Patterson

Author of the current CF8, J07, and AF6 CII study texts