Our provision of personal finance qualifications to 14-19 year olds and our work with schools and colleges remains a key and integral part of our strategy and vision and this is unaffected by our decision to change our name to The London Institute of Banking & Finance.
We believe the new name makes our purpose and remit extremely clear and will enhance the understanding of education providers at all levels, employers and students as to the practical and applied nature of our programmes. We also believe that the new name further enhances the recognition of our organisation amongst banking and finance employers which in turn will be of benefit to students holding our qualifications when they enter the workplace.
Impact on existing programmes
We have no plans to change the existing 14-19 year old qualifications as a result of the new name.
We are however constantly seeking new and innovative ways to deliver learning that has a real and long lasting effect on the financial capability of young people and society as a whole. To this end will be launching a new, interactive programme to complement our existing provision that provides bite-size learning to young people and adults to help them improve their skills and understanding.
We have recently launched a new programme ‘Lessons in Financial Education (LiFE)’.
Impact on students
It is a requirement that the awarding body on a student’s certificate should be the name of the institution in force at the time of the exam board which awards the qualification.
All current students who complete their course of study in this academic year will be awarded their qualification by ifs University College. Students who undertake these qualifications from September 2016 onwards will do so under the new name.
To avoid any confusion for students or employers as a result of this transition, certificates for students affected will carry a reference to link the new and old names and we will also provide students with an accompanying letter explaining the name change to keep with their certificate.
Recognition of UCAS points
The UCAS tariff available for students undertaking our qualifications is unaffected by the change. The Certificate in Financial Studies (CeFS) continues to carry equivalent UCAS points to an AS level up to A grade, with additional tariff points for an A*, while the Diploma in Financial Studies (DipFS) carries equivalent UCAS points to a full A level up to A* grade for students applying to higher education institutions.
We are very conscious of the need to ensure that universities and other higher education institutions continue to recognise the quality of our programmes and give due credit to students holding our financial capability programmes when assessing their university applications. Over the course of the 2016/17 academic year we will be undertaking a major communications campaign focused on Universities admissions teams to this end.
If you have any questions or concerns
If you are an existing school or college partner please speak to your dedicated Relationship Manager, otherwise please contact us on +44 (0)1227 828234 or FCCRM@libf.ac.uk