GAFM-CPFIS Exam Information and Outline
Certified Pension Funds and Investment Specialist (CPFIS)
Syllabus Update Checked on: November 2, 2026
GAFM-CPFIS Exam Syllabus & Study Guide
Before you start practicing with our exam simulator, it is essential to understand the
official GAFM-CPFIS exam objectives. This course outline serves as your roadmap.
The information below reflects the 2026 syllabus defined by
GAFM.
Below are complete topics detail with latest syllabus and course outline, that will help you good knowledge about exam objectives and topics that you have to prepare. These contents are covered in questions and answers pool of exam.
- Exam Format
- Online multiple-choice certification examination following the GAFM Accredited Certification Training Program (ACTP)
- Pension Funds Landscape
- Public and private pension funds
- Investment Policy and Asset Allocation
- IPS and strategic allocation
- Asset Classes for Pension Funds
- Equities, bonds, alternatives, infrastructure
- Liability-Driven Investment
- Duration matching and hedging
- Risk Management
- Funding risk and investment risk
- Pension Regulation
- Prudential rules and investment limits
- Performance Measurement
- Benchmarks and attribution