Scheme Booklets

The examinations are designed to test the competence of learners in the calculation and communication of pension benefits for a range of scheme types.

Each of the CPC examination units (of which there are 7 in total) consists of 2 case studies (Section A – Calculations) and a single draft letter for analysis, which is always associated with one of the case studies (Section B – Draft Letter).

They are based on 3 fictitious pension schemes:

Scheme	Type	Contracted-out?
OPQ	Money Purchase	No
RST	Career Average Revalued Earnings (CARE)	No
XYZ	Final Salary	Category A: Yes (up to 5/4/2016) Category B: No

The examinations require learners to provide evidence of their ability to:

Understand and interpret rules for different types of pension scheme
carry out manual calculations for a range of member events
Understand the impact of supplementary information (e.g. part-time service, enhanced accrual rates, transferred-in benefits, AVCs, etc.) on the core benefits payable
Understand legislative restrictions that apply to the level of benefits payable
Communicate benefit options fully and accurately and request all the information required before the scheme can pay the benefits

Copies of Scheme Booklets and Tables of Factors should be taken into the examinations. It is vital that learners ensure they have the current versions, which are downloadable from this page by accessing the following links:

Current Scheme Booklets

XYZ Pension and Life Assurance Scheme Booklet (reviewed April 2025)

RST Pensions Scheme Booklet (reviewed April 2025)

OPQ Retirement & Death Benefits Plan Booklet (reviewed April 2025)

Tables of Factors (reviewed April 2025)

Key Features (reviewed April 2025)