The examinations are designed to test the competence of candidates in the calculation and communication of pension benefits for a range of scheme types. Depending on the examination being tested, there will be either five (5) or six (6) case studies (Calculation Section) and either one or two letters (Letter Section).
The examinations are based on three types of fictitious pension schemes:
Scheme | Type | Contracted-Out Status |
OPQ | Money Purchase | Not Contracted Out |
RST | Career Average Revalued Earnings (CARE) | Not Contracted Out |
XYZ | Final Salary | Contracted Out (Category A) until 5 April 2016 Not Contracted Out (Category B) |
The examinations require candidates to provide evidence of their ability to:
Copies of Scheme Booklets and Tables of Factors should be taken into the examinations. It is vital that candidates ensure they have the current versions, which are downloadable from this page by accessing the following links: