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Financial education qualifications Level 2 Certificate in Financial Education (CeFE)

New registrations for one year delivery accepted until November 2023. Two year delivery accepted until July 2024. Registrations for continuing students topping up from AiFE accepted until May 2024. No delivery of qualification in academic year 2025/26 and beyond.

CeFE is a Level 2 qualification including units 1 and 2 from AiFE and an additional third unit based on a case study and written paper.

Why study the Certificate in Financial Education?

About the qualification

CeFE introduces students to the impact of finance on the economy and encourages them to consider how this can affect businesses and individuals. Through this it develops knowledge and a valuable range of applied and transferable skills. It provides a foundation for further study in business and finance-related disciplines.

In England, Wales and Northern Ireland CeFE has been accredited by Ofqual at Level 2 in the Regulated Qualifications Framework.

Read the CeFE Qualification Specification

Unit information

CeFE consists of three mandatory units. The recommended Guided Learning Hours (GLH) for the average student to complete is 130 hours.

Total Qualification Time (TQT) is a prediction of the total time the typical student may need to complete the course. TQT consists of two elements, Guided Learning Hours (GLH) and all other hours. The CeFE (QN601/1239/6) has a TQT of 180 and is split between GLH of 130 hours and other hours of 50.

What progression does our AiFE qualification offer?

Upon completion of CeFE students will be in a good position to study the LIBF Level 3 Certificate in Financial Studies (CeFS) or the LIBF Level 3 Diploma in Financial Studies (DipFS).

CeFS has been designed to encourage students to be inspired to meet their lifestyle aspirations and teaches students to become responsible borrowers, sensible savers and have an appreciation of the need for financial planning throughout their lives.

DipFS has been designed to inspire students to meet their lifestyle aspirations through applying appropriate solutions from the wide range available within the evolving financial services marketplace.


Unit 1 and Unit 2 can be assessed either by a paper-based examination or via the LIBF e-test electronic testing system.

Units 1 and 2 are assessed by a single 45 minute test that comprises 35 questions of:

  • Unit 1: 20 stand-alone multiple-choice questions and five sets of stimulus material each with three associated questions.

  • Unit 2: 15 stand-alone multiple-choice questions and five sets of stimulus material each with four associated questions.

  • Unit 3: Assessed by a pre-release case study requiring written responses. This component of the examination is to be completed in 1 hour.



per student, including registration, examination, student study materials and teaching aids and support.

Course requirements

Although there are no specified entry requirements, the level of achievement required to obtain CeFE is at Level 2 on the RQF. Applicants need to be satisfied of their ability to study, in English, at this level and have basic IT and numeric skills.


The qualification will be graded A*- C. Students must pass each unit to achieve the Certificate.


If you are interested in registering for CeFE please complete a centre agreement form and return it via email to fcexams@libf.ac.uk.

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