The Award in Financial Administration is an introductory qualification providing a vital grounding in the financial services industry, the process of investment planning and the administration of life or pensions business, according to the unit selected.

Importantly, it satisfies the FCA qualification requirements for overseers of certain administrative life and pensions functions.

The Award comprises two compulsory units:

  • (R01) Financial services, regulation and ethics; or
  • (CF1) UK financial services, regulation and ethics; and
  • (FA1) Life office administration; or
  • (FA2) Pensions administration.


Entry requirements


Recommended study time

Units range from between 60 and 70 hours (each depends on experience and ability).

Completion requirements

To complete you need to obtain 25 CII credits by passing compulsory units: R01 or CF1 and FA1 or FA2.

Learning support

Unit study materials for this qualification typically includes:

  • Study text with updates
  • RevisionMate online study support
  • Key fact booklets
  • Question packs
  • Audio revision
  • Learn interactive tutorial
  • Revision courses.


Member designation




Next step qualification

Certificate in Financial Services; or Certificate in Life and Pensions

More details and to enrol online

Visit the CII website

How to get in touch

You can discuss this qualification with our Corporate Customer Service team either by calling 020 8530 0862 or emailing CIIbanking@cii.co.uk. They can also put you in touch with one of our Corporate Development Managers.