R05 Financial Protection: practice questions and mock exams

The R05 exam

Format

50 multiple-choice questions in 60 minutes

Syllabus

2026/27, tax year 2026/2027

Exams sat

1 September 2026 - 31 August 2027

What R05 covers

The syllabus has 10 learning outcomes. The number beside each is how many of the 50 exam questions it usually carries; our mocks use the same weighting.

1. 1Understand the consumer and retail market factors and trends relevant to financial protection.3 exam questions
2. 2Understand the areas of need for protection planning and the main sources of financial protection.3 exam questions
3. 3Understand the role and limitations of State benefits and State/local authority funded solutions for financial protection.3 exam questions
4. 4Understand the range, structure and application of life assurance and pension based policies to meet financial protection needs.8 exam questions
5. 5Understand the taxation treatment of life assurance and pension based protection policies.6 exam questions
6. 6Understand the range, structure and application of income protection insurance and options to meet financial protection needs.6 exam questions
7. 7Understand the range, structure and application of critical illness insurance to meet financial protection needs.6 exam questions
8. 8Understand the range, structure and application of long-term care insurance to meet financial protection needs.3 exam questions
9. 9Understand the main features of other insurance based protection policies.6 exam questions
10. 10Evaluate the needs and priorities for financial protection and the relevant factors in selecting appropriate solutions.6 exam questions

Try free R05 sample questions

A few questions on each of the 88 R05 topics, with the answers explained. No account needed.

• Insurance and personal financial risk
• Consumer attitudes to protection
• Demand drivers and the protection gap
• Health and longevity trends
• Product design and pricing trends
• Value of advice

See all 88 R05 topics

How to revise R05 here

• Practise by learning outcome, chapter or weak area. Every answer explains why each option is right or wrong.
• Sit timed mocks of 50 questions in 60 minutes, weighted like the real paper.
• Spaced review brings back the questions you got wrong before you forget them.
• Set your exam date and get a daily plan, plus a readiness score that tells you when you're ready to sit it.
• Works offline on your phone once it's added to your home screen.