Finance

R04 Pensions and retirement planning

Level: 4
Qualification: CII R04 Pensions and retirement planning
Course Length: 3 Months

The R04 Pensions and retirement planning unit is the fourth unit required on your journey to achieving the DipPFS (Diploma in Regulated Financial Planning).

The objective of this unit is to develop knowledge and understanding of and the ability to analyse pension and retirement planning issues.

 

The R04 pensions and retirement planning unit covers:

  • Understand the political, economic and social environment factors which provide the context for pensions planning.
  • Understand how the HM Revenue & Customers (HMRC) tax regime applies to pensions planning.
  • Understand the relevant aspects of pensions law and regulation to pensions planning.
  • Understand the structure, characteristics and application of Defined Benefit (DB) schemes to an individual’s pension planning.
  • Analyse the range of Defined Contribution (DC) scheme options as they apply to an individual’s pension planning.
  • Analyse the options and factors to consider for drawing pension benefits.
  • Explain the structure, relevance and application of State schemes to an individual’s pension planning.
  • Evaluate the aims and objectives of retirement planning, including the relevant investment issues.

 

This study support package includes as standard:

  • CII books and exams
  • CII revision mate
  • E-learning modules
  • Revision notes
  • Calculation workbooks
  • Mock exam questions
  • Online support from subject experts
  • Online revision sessions

The R04 unit provides a detailed overview of the key features, frameworks, benefits and risks on pension products and retirement planning. This unit contains the following:

Qualification Contents Level Credits
R04 Pensions and retirement planning
  • Main tax and legal frameworks that govern retirement benefits under registered pension schemes;
  • Features of defined contribution and defined benefit pensions;
  • State retirement benefits available, including the risks and suitability of contracting out of the State Second Pension.
4 10

 

This content is covered over 8 chapters / topics:

  • Understand the political, economic and social environment factors which provide the context for pensions planning.
  • Understand how the HM Revenue & Customers (HMRC) tax regime applies to pensions planning.
  • Understand the relevant aspects of pensions law and regulation to pensions planning.
  • Understand the structure, characteristics and application of Defined Benefit (DB) schemes to an individual’s pension planning.
  • Analyse the range of Defined Contribution (DC) scheme options as they apply to an individual’s pension planning.
  • Analyse the options and factors to consider for drawing pension benefits.
  • Explain the structure, relevance and application of State schemes to an individual’s pension planning.
  • Evaluate the aims and objectives of retirement planning, including the relevant investment issues.

Our R04 pensions and retirement planning support package is delivered online via our virtual learning environment. Each chapter of the book is accompanied by e-learning modules, study notes, mock exam questions, and workbooks designed to test and embed your knowledge. At regular intervals throughout the course you should attend 2 online revision sessions to help cover more technical content.

Throughout the course you will have access to a subject expert to answer any questions you may have along the way. Before sitting any exams a full mock exam is provided which you can retake as many time as required before sitting the real thing.

It is possible to complete the R04 unit within 3 months, allowing 4-6 hours of independent study per week. All courses are flexible to allow you to complete at a pace that is appropriate to you. It is not our recommendation to study for two exams simultaneously.

Please note that CII materials and exams are updated each September, and you may be required to purchase the study update packs for exams you are currently studying for. Your subject expert will advise you of this should it apply.

You must be a paid member of the CII to purchase this course, as we will require your PIN number as part of the enrolment process. If you are not a member you can join here: http://www.cii.co.uk/membership/join/

There are no formal entry requirements for this study package, but you will require adept and developed literacy and numeracy skills.

Working within a financial services environment is desirable and advantageous, although not essential.

For an informal discussion about this course, please use the enquiry form below:

Thank you for your enquiry, we will endevour to get back to you as soon as we can.
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