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Lessons in Financial Education (LiFE) Certificate

Lessons in Financial Education (LiFE) Certificate is for students that want to take the next step and challenge themselves.

About the qualification

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Coming in September 2017 our new level 2 LiFE qualification.  Students will be able to continue the e-learning course but at a higher level and teaching resources will be provided for optional classroom delivery.

This programme introduces a deeper level of mathematics but in the context of financial maths. And it still offers the same level of independence as LiFE Foundation and Award.

This qualification is currently being developed and more information will be added to this page once released.
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What progression does our LiFE Certificate offer?

Once completed students will be able to move onto our Level 3 qualification Certificate in Financial Studies (CeFS). CeFS is an AS equivalent qualification which offers maximum UCAS points.

The LiFE Certificate will also teach your students important life skills that are needed for university and the working world.  

Topics

The LiFE Certificate is broken down into 3 different units. Each unit has a series of different topics that students must complete to pass.

How long does it take?

Once registered, students have 12 months to work their way through the topics and complete the programme. There are no set deadlines for each topic and the programme can be paused at any time with students restarting where they left off.

The Total Qualification Time (TQT) for this programme is likely to be approximately 170 hours, with 130 Guided Learning Hours. This will be confirmed as part of the qualification validation.

Unit 1 - Your personal finances (YPF)

1. Money
2. Sources of money
3. Storing money safely
4. Spending and budgeting
5. Saving and selling
6. Borrowing
7. What is insurance
8. How do we keep our money safe.

Unit 3 - Your future, your career (YFC)

1. The financial services industry
2. Routes into financial careers
3. Roles and career paths
4. Planning your career

Unit 2 - Money mangement for your generation (MMG)

1. Modern banking
2. Pay and pay calculations 
3. Types of payment card 
4. The cost of borrowing
5. Using money abroad
6. Financial difficulties and their consequences
7. Financial advice and protection

Assessment

The Certificate will be tested via our online platform LIBF e-test.

Each unit is assessed via the following method*:

  • Unit 1: 30 stand-alone multiple-choice questions (total marks 30), to be completed in 30 minutes
  • Unit 2: 44 stand-alone multiple-choice questions (total marks 44), to be completed in 45 minutes
  • Unit 3: 16 stand-alone multiple-choice questions and 2 case studies each with 5 associated questions (total marks 26), to be completed in 30 minutes

*Subject to validation

Grading

LiFE Certificate provides a flexible grading approach recognising both Level 1 and 2 students.  The sum of marks achieved in three units will determine a Level 1 or 2 outcome.

To pass, students are required to achieve 40% of marks available to achieve a Level 1 or 50% for a Level 2.*

*Subject to validation

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Financial Capability

Certificate in Financial Studies

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Looking for further information

Contact

If you're looking for further information get in touch via our online form or you might find the answer in our FAQ's.

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Download a brochure

All the information you need about our suite of Financial Capability qualifications.

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