Home > Courses > Financial Services Courses > Award in Financial Administration: CF1 and FA1
Looking to start your journey towards a successful career in financial services? The Award in Financial Administration from the Chartered Insurance Institute (CII), is recognised within the industry as the starting point for pathways into a range of sectors, from financial planning to life protection and pensions.
The Award in Financial Administration, beginning with unit CF1, gives you a thorough introduction to the financial services industry, including investment planning, life and pensions, and key legislation. The second unit FA1 gives you a basis in the types of life and pension issues, as well as detailed guidance on the administration of these classes of business.
Delivered through distance learning, you’ll receive the official CII course textbooks to work through at your own pace.
 | SUITED TO |
Those looking for an entry-level qualification into financial services
 | LOCATION |
Distance learning
 | ENROLMENT |
Distance: Flexible start
 | DURATION |
Distance: 60 hours per unit
Award in Financial Administration course overview
Key outcomes
CF1:- Purpose and structure of the UK financial services industry
- Different financial asset classes and product types
- Process of giving advice and the main areas covered
- Ethics, regulatory processes, rules and legislation underpinning UK financial services
- Financial regulators’ powers and responsibilities to protect market integrity, and the impact of these
FA1:
- Basic product types, including group life
- Principles of financial and medical underwriting
- Policy issues likely to arise with life policies
- Administration of life policies, including different payment methods and consequences of non-payment
- Handling life policy claims
Assessment
- CF1: 2 hour multiple choice exam per unit, with 70% pass mark
- FA1: 1 hour multiple choice exam per unit, with 70% pass mark
Prerequisites
No formal qualifications are required to study this qualificationProgression
After achieving the Award in Financial Administration, it acts as the basis for further qualifications such as the CII Certificate in Insurance or the Certificate in Mortgage Advice, if you wish to consider specialising in other areas of financeCareer path
You will be eligible for a wide range of roles such as Financial Adviser, Financial Planner, and Wealth ManagerPayment
Please contact a Course Adviser for further information on course prices, CII membership and additional exam costs.
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