Fund Administration


Starting with the main aims and drivers for investment, this module goes on to explore how funds are created, administered and regulated. A range of fund products and services are examined, together with the ways in which invertors’ assets are protected and their returns generated. The regulatory environment for the funds industry, including the legislation and the bodies which regulate this area, are covered in the context of different jurisdictions, the EU and  internationally.

Study text

If you have not yet downloaded your study text for this module and need it urgently, please email or call +44 (0)20 7580 4741 during business hours.

Exam material

In the table below you will find:

  • Exam paper - this is the paper that was set at the exam session
  • Mark scheme - this is the document markers used to assess students' answers
  • Examiner's report - this is the examiner's comment on the examination performance
  • Student answers - for some sessions we can show examples of answers students wrote in the examination
  • Pass rates - These pass rates refer to exams from the United Kingdom, Republic of Ireland and Associated Territories (all territories administered by the Chartered Governance Institute’s office in London).
IFA Level 5 Fund Administration exam material
Exam sessionExam paperMark schemeExaminer's reportStudent answers
November 2023 View View View
June 2023 View View View
November 2022 View View View
June 2022 View View View
November 2021 View View View Exam paper 1 (pass)
Exam paper 2 (distinction) 
June 2021 View View View
November 2020 View View View Exam paper 1
November 2019 View View View
June 2019 View View View
November 2018 View View View
June 2018 View View View

November 2017 View View View

Student response to Question 15

Student response to Question 17

June 2017 View View View
Sample View View N/A

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