The qualification is made up of seven separate units which must all be completed to achieve the qualification.
How the units are assessed
Units are assessed via examination designed to demonstrate candidates’ competence in the manual calculation of benefits of occupational pension schemes and is assessed by open book case study examinations offered each year in March and September.
The case studies are based on three fictitious pension schemes - two final salary schemes, one of which is contracted out and a money purchase scheme with the option to contract out.
Candidates have to be able to carry out manual calculations for all three schemes. Candidates also have to write to at least one member or client explaining the benefits payable and asking for any further information required before the scheme can pay the benefits.
Retirements Part 1
Retirements Part 2
Deaths Part 1
Deaths Part 2
Leavers Part 1
Leavers Part 2
Transfers In & Transfers Out