Prepare for the 100-question CII R02 assessment with focused coverage of asset classes, economics, investment theory, risk, products, advice, planning and performance.
Syllabus coverage reviewed for 2026 against current CII qualification information. Course updates are included with lifetime access.
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* This is a chapter sample. All audio is available in the full version.
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.
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.
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.
CII Academy is an officially accredited CII training provider. Each course is organised around the current syllabus, assessment format and learning resources listed on the course page.
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 review detailed explanations with the free CII R02: Investment Principles and Risk Sample Paper below. It contains 15 questions from one named syllabus topic and is not a full mock exam or overall readiness assessment.
Try 15 CII R02: Investment Principles and Risk practice questions from Learning Outcome 1
Practice CII R02: Investment Principles and Risk exam questions with answers and explanations. The full course includes 5 mock exams and complete syllabus coverage.
What should you recall about FSCS ordinary deposits?
£120,000 per eligible person, per authorised institution from 1 December 2025.
Cash is normally used for liquidity, capital stability and short horizons, but it is not risk-free. Inflation can erode purchasing power, access restrictions can make a high quoted rate unsuitable, and deposits above the compensation limit create credit exposure to the authorised institution. Notice and fixed-term accounts generally reward restricted access, while money-market instruments provide short-dated alternatives. Compare the gross or tax-free return, access, minimum balance, term, rate basis and protection—not the headline rate alone.
The current FSCS position is an explicit update to the printed text. From 1 December 2025, eligible deposits are protected up to £120,000 per eligible person, per authorised institution. Certain temporary high balances are protected up to £1.4 milli…
Open every chapter’s key areas, pitfalls, exam traps and key numbers.
Use structured chapter notes, active recall and timed R02 practice to identify and close specific investment-knowledge gaps.
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