CII R0 exam results
Which are the easiest R0 exams?
The latest CII R0 exam results show which are hardest, and which are the easiest. The R0 exam results will be of interest to anyone who is looking to sit these CII exams so go into them with your eyes open.
Are all the CII R0 exams the same style or format?
You could be forgiven for thinking that this should be a straightforward question. It isn’t. Some of the variation in pass rates is not solely due to the subject matter, but how it is examined.
Only R05 (Financial Protection) use just the standard format multiple choice question. This means that you will be given a question followed by four options and only one of these will be correct. R06 (Financial Planning Practice) is a written paper without a single multiple choice question to be seen anywhere. In addition, the R06 case studies are issued 2 weeks before the exam so the examiners expect you to prepare and read-up around on the potential technical areas that are likely to be tested before the exam.
The other subjects – R01, R02 R03 and R04 all use the standard format multiple choice questions, and the much harder variant – the multiple response question. So how does this format of question differ? Instead of four options, you will get usually 5 or 6 options and more than one answer will be correct. To get a mark, you have to identify all the correct answers.
R07 (Advanced Mortgage Advice) is not covered by this analysis.
What are the CII R0 exam results?
Here are the results for 2022 (the latest available):
R01 – 68% (-1% on the previous year)
R02 – 70% (+5% on the previous year)
R03 – 54% (-3% on the previous year)
R04 – 57% (No change on the previous year)
R05 – 78% (No change on the previous year)
R06 – 71% (-3% on the previous year)
What conclusions can we draw from this?
First of all, most of the 2022 pass rates are worse than those for 2021. As these are very established exams that have been sat by 1000’s of people, this suggests that they are not as well prepared as they have been in the past.
R01 – Financial Services, Regulation and Ethics.
In terms of CII R0 exam results, this is the third hardest R0 exam. This is partly because the regulations side of things – particularly to people new to the profession – is quite wide ranging. Many students find the content on the FCA a little dull. The exam also has 100 questions and 13 of these are those pesky multiple response questions. This makes the exam harder.
For many people, this will be the first R0 exam they complete. As some of the content on products and legal aspects are also covered in more depth in the other R0 exams, this is a sensible strategy.
Click here to get a students point of view of R01.
R02 – Investment Principles and Risk.
This is the forth hardest exam statistically although there will be many people who would say it is harder than this. Again, the syllabus is huge and you will need to get your head around it. Like R01, this exam is also 100 questions but 28 of these are multiple response. Many people regard a 50% success rate with this type of questions as being good going. So you can start to see why it is a difficult exam.
Click here to view the 5 myths of R02.
R03 – Personal Taxation.
Statistically, this is THE hardest exam. There are 50 questions and 11 of these are multiple response questions. With R03, you won’t be leaving the exam early! Of all of the R0 exams, this is the one that is most likely to put you under time pressure. There is a lot to do in an hour so you need to be well prepared and practised at answering calculation questions.
Click here to view the 5 myths of R03.
R04 – Pensions and Retirement Planning.
In terms of CII R0 exam results, this is the second most difficult exam. Like R03, it’s a one hour exam, there are 50 questions and 11 of these are multiple response questions. The challenge with R04 is the subject matter – pensions is a subject that causes confusion for many new and more experienced people alike. Unfortunately, you’ll struggle to get through this without a decent knowledge of the HMRC rules such as annual allowance and the transitional protections.
Click here to view the 5 myths of R04.
R05 – Financial Protection.
From the hardest exam, to the easiest. For some people, this is a good place to start their R0 exam journey. There’s still a broad syllabus but protection products such as critical illness and income protection are relatively straightforward. And, of course, there are no multiple response questions. That said, you’ll still need to have some knowldege of subjects like state benefits, and long term care so it isn’t all plane sailing.
Click here to view 10 free R05 practice questions
R06 – Financial Planning Practice.
The statistics say that this is the second easiest R0 exam. It is, but only if you get your head around the technique that you will need. This is a written exam that is based on two case studies that are issued 2 weeks before the exam. I’ve met very few people who walked out of this exam thinking they’d failed yet 29% still do. Be prepared to not only put in some hard yards in the two weeks before the exam, but also before then.
Click here to access our MP3 material which looks at past R06 questions.
If you want our thoughts on what is the best order to sit your CII R0 exams, click here
If you want to know more about our R0 exam audio books, click here
If you want to access or study and revision hub (which has lots of R0 exam-specific articles, click here)
Prepare well and pass first time.
Ian Patterson
Ex-examiner and author of the current CII CF8 J07 and AF6 study texts
