CPC Examination


CPC Examination

Qualification

The CPC comprises seven separate units which must all be completed to achieve the qualification. Details can be found here - Certificate in Pensions Calculations

Specification

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.

Examinations

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

Calculate and Quote Pension Scheme Retirement Benefits for Members without Special Circumstances

Retirements Part 2

Calculate and Quote Pension Scheme Retirement Benefits for Members with Special Circumstances

Deaths Part 1

Calculate and Quote Pension Scheme Death Benefits for Members without Special Circumstances

Deaths Part 2

Calculate and Quote Pension Scheme Death Benefits for Members with Special Circumstances

Leavers Part 1

Calculate and Quote Pension Scheme Leaver Benefits for Members without Special Circumstances

Leavers Part 2

Calculate and Quote Pension Scheme Leaver Benefits for Members with Special Circumstances

Transfers In & Transfers Out

Calculate and Quote Pension Scheme Transfer In & Transfer Out Benefits