The Associate Examinations were broadly equivalent to the CFA Program qualification in content and rigour. They were phased out following the merger in 2000 of the Institute of Investment Management and Research ('IIMR') and the London Society of Investment Professionals ('LSIP'), which led to the formation of CFA UK.

The Association Examinations were established in 1979 with five exam papers. In 1989 this was increased to eight exam papers and the qualification upgraded to university degree level. In 1994 a final change was made to align with the development of the IMC qualification. This final iteration resulted in the qualification consisting of 6 examinations. 

1. Economics & Applied Statistical Analysis
2. Securities & Investments
3. Interpretation of Accounts & Corporate Finance
4. Portfolio Management
5. Investment Regulation & Practice
6. Case Study

Completion of the associate examinations enables candidates to become Associates of the Society of Investment Professionals and to use the 'ASIP' designation. 

CFA UK have joined together with Duke Corporate Education to launch the Ethical Leadership Programme aimed at current and future leaders across the investment profession. The programme will enable leaders, who take daily business decisions that impact on clients, with the skills, techniques and experience to deal with ethical issues within the investment profession. Participants will then be able to take these key learnings back to their firms to encourage and enable others in their organisations to deal with those issues effectively. The Ethical Leadership Programme has been designed is to support and complement the modules from the CFA Program. It will also give participants the ability to:

• deal with complex issues and dilemmas calmly and effectively;
• develop a more broadly informed and resilient approach to decision-making;
• act with integrity, especially in challenging circumstances;
• develop a framework for responding wisely and with careful consideration in such circumstances;
• bring out the best in yourself and in the people and organisations you lead.

To find out more about participating in the programme email elp@cfauk.org