The CPC comprises seven separate units which must all be completed to achieve the qualification. Details can be found here - Certificate in Pensions Calculations
The specification for the qualification can be found here - CPC Specification
How the Units are Assessed
Units are assessed by way of examinations designed to demonstrate learners’ competence in the manual calculation and communication of benefits of occupational pension schemes. Assessment is by ‘open book’ case study examinations, which are offered each year in March and September.
The case studies for the examinations are based on three (3) fictitious pension schemes.
Two (2) of these are final salary schemes – one of which is a CARE scheme – and the other is a money purchase scheme.
The CARE scheme and the money purchase scheme are not contracted out whereas the other final salary scheme was contracted out for category A members until 5 April 2016.
Learners have to be able to carry out manual calculations for all three schemes. Learners also have to write at least one letter to communicate the benefits payable and request 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