Prepare for the 100-question CII R02 assessment with focused coverage of asset classes, economics, investment theory, risk, products, advice, planning and performance.
Built around the current published CII syllabus and official assessment requirements. Exams Academy is an independent education provider and is not affiliated with the CII.
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Which R02 term is described by this statement? Represents approximately 98% of UK market capitalisation.
R02 connects asset-class behaviour with economics, investment theory, risk, product structure, advice, portfolio construction and performance measurement. Candidates need accurate recall and the ability to analyse close distinctions across a broad syllabus.
This course organises all 11 study chapters into detailed summaries, 130 active-recall flashcards, a 122-item searchable reference sheet and five timed mock exams. The AI tutor is grounded in the R02 material and current published updates so you can clarify calculations, compare structures and work through difficult investment scenarios inside the learning platform.
The official assessment contains 72 standard-format questions and 28 multiple-response questions in 120 minutes. Every full mock follows the official nine-outcome weighting. Multiple-response reasoning is preserved through single-answer combination questions that test all-and-only selection while supporting reliable scoring.
The standard pass mark is 65%. Use the chapter tools to build recall, then complete each 100-question mock under timed conditions and review the explanation for every answer.
🇬🇧 Local market guide
Review how CII R02: Investment Principles and Risk connects to regulation, qualification pathways, booking, currency and careers in the United Kingdom before paying the official exam fee.
For UK regulated activities, the firm must map the role to the FCA Training and Competence sourcebook and its appropriate-qualification tables. A CISI course title alone does not establish authorisation for every activity.
Financial Conduct AuthorityCISI offers ICWIM through remote invigilation and global test centres. Candidates should use the CISI booking flow, check the current workbook edition and read Candidate Updates before the examination.
Find a CISI test centreICWIM knowledge is relevant to international private banking, client services, wealth operations and entry-level investment-support roles. Regulated UK advice roles may require a different or higher-level qualification.
Exams Academy checkout is displayed in US dollars and the card provider converts it to GBP. The official CISI exam and required workbook are booked and paid for separately at the current CISI price.
Market-specific reading
Review the official format, syllabus and study plan.
Compare ICWIM's international foundation with a UK role-focused progression route.
Explore UK-specific wealth-management context beyond the global ICWIM syllabus.
| Assessment | 100 multiple-choice questions: 72 standard format and 28 multiple-response format |
| Duration | 120 Minutes |
| Standard Pass Mark | 65% |
| Level | CII Level 4 |
| Recommended Study Time | 60 hours |
| CII Credits | 20 |
| 2025 Published Pass Rate | 69.67% |
| Feature | Exams Academy | Details |
|---|---|---|
| Access Period | Lifetime Access | One-time enrollment with no recurring fee |
| Practice Exams | Unlimited Retakes | |
| Study Support | Instant 24/7 AI Tutor | Self-service AI support; live instructor support is not included |
| Cost | $189 (One-Time) | One-time payment with no recurring subscription |
Build analysis, accuracy and timing with five 100-question practice exams.
Ask questions against the course material whenever a concept needs clarification.
Strengthen memory with 130 flashcards and a 122-item reference sheet.
Turn a broad investment syllabus into structured, outcome-weighted revision.
Use the same question bank in two different ways: build understanding with instant feedback, then switch to a realistic simulation when you are ready.
Choose an answer, see immediately whether it is right or wrong, and read the explanation before moving on.
Work against the official-style timer without revealing answers, then review your score and every explanation after submission.
Cash, fixed interest, equities, property and alternatives, including pricing, yield, valuation, correlation and allocation.
Cycles, trends, economic indicators, monetary and fiscal policy, currencies and external accounts.
Modern portfolio theory, CAPM, multifactor approaches, market efficiency, diversification, hedging and behavioural finance.
Compounding, discounting, present value, discounted cash flow and nominal and real returns.
Liquidity, shortfall, volatility, inflation, currency, credit, rates, gearing and systematic and non-systematic risk.
Direct and pooled holdings, collectives, wrappers, insurance-based investments, property products, derivatives and structured investments.
KYC, objectives, affordability, risk profile, capacity for loss, suitability, allocation and sustainable withdrawals.
Strategic and tactical allocation, portfolio construction, costs, products, providers, ethical approaches and platforms.
Return measures, benchmarks, TWR, MWR, risk-adjusted measures, attribution, review and rebalancing.
Preparation centre
Use these connected guides for the syllabus, exam format, booking and revision strategy.
R02 is a two-hour examination with 100 questions: 72 standard-format questions and 28 multiple-response questions. The standard pass mark is 65%.
R02 covers asset classes, economic analysis, investment theories, time value of money, investment risk, direct and indirect products, advice, portfolio construction and performance measurement.
Combination questions present several statements and ask you to choose the selection containing all and only the correct statements. This preserves the official reasoning skill while allowing one reliably scored answer.
Yes. The course uses the current £120,000 ordinary deposit limit and £1.4 million temporary-high-balance limit effective from 1 December 2025, which CII examines from 27 February 2026.
CII lists 60 notional learning hours for R02. Your actual preparation time depends on prior investment knowledge and performance in timed practice.
The course is organised around the official R02 study material, syllabus, examination guide, indicative content and current published unit updates. Exams Academy is an independent education provider and is not affiliated with or endorsed by the CII.
You receive lifetime access to the current course content with no recurring subscription fee.
No. Results depend on the candidate’s study and exam performance. The platform provides structured revision and timed practice to help identify and close knowledge gaps.
Yes! Test your knowledge and see our AI tutor explanations with the free CII R02: Investment Principles and Risk Sample Paper. It contains 15 questions from one named topic and is not a full mock exam or overall readiness assessment.
No. For UK regulated activities, the firm must map the role to the FCA Training and Competence sourcebook and its appropriate-qualification tables. A CISI course title alone does not establish authorisation for every activity. Confirm the requirement with the employer and regulator before booking.
CISI offers ICWIM through remote invigilation and global test centres. Candidates should use the CISI booking flow, check the current workbook edition and read Candidate Updates before the examination.
Exams Academy checkout is displayed in US dollars and the card provider converts it to GBP. The official CISI exam and required workbook are booked and paid for separately at the current CISI price.
Review the CII syllabus efficiently with structured study notes, active practice, flashcards and an AI tutor available when you need it.
Only if you have already purchased. Enter the email you used to buy. We'll send a sign-in link AND a 6-digit code so you can log in on any device.