We use cookies on all our websites to gather anonymous data to improve your experience of our websites and serve relevant ads that may be of interest to you. Please refer to the cookies policy to find out more.

By continuing, scrolling the page or clicking a link, you agree to the use of cookies.

smiling girl in class

Frequently Asked Questions

Our Level 3 Certificate/Diploma in Financial Studies (CeFS/DipFS) qualifications are included in Performance Tables.

Our Level 2 Certificate in Financial Education (CeFE) is included in performance tables and counted towards Progress 8 up until 2019.

Our Level 2 Certificate in Financial Capability and Careers Development (CeFCCD) is included in performance tables in Wales.

All of our Financial Capability qualifications are approved by Ofqual, Qualification Wales and CCEA.

For more details, please read our key information for performance tables.

There are no costs associated with becoming an approved centre to deliver our qualifications.

The costs involved with the delivery of our qualifications include the registration of learners, exam resits and any post-result actions (e.g. script requests, result enquiries). More information can be found in our additional fees document

Invoices are raised at the beginning of the month with payment due within 30 days.

Our Financial Capability qualifications are all fully funded as part of Section 96.

A Relationship Manager (RM) is a dedicated member of our Financial Capability team who is able to provide guidance in qualification delivery at your centre via on-site meetings, phone or email support

To register interest with your local RM, complete our registration of interest form or email fccrm@libf.ac.uk.

England
Our Level 3 Certificate in Financial Studies (CeFS) and Level 3 Diploma in Financial Studies (DipFS) are applied general qualifications that attract the full UCAS tariff and are equivalent to AS and A2 qualifications. Our Level 2 Certificate in Financial Education (CeFE) is the equivalent to a GCSE.

Wales
In addition to the above qualifications (CeFS, DipFS and CeFE), our Level 2 Certificate in Financial Capability and Careers Development (CeFCCD) is the equivalent to a full GCSE and our Level 2 Award in Financial Education (AiFE) and Level 1/2 Lessons in Financial Education Certificate (LiFE Certificate) are both equivalent to 0.5 GCSE. 
 

If you'd like to talk to someone on the Financial Capability team about the LIBF e-test software, call on +44 (0)1227 828 234 or email via: fcexams@libf.ac.uk.

To register as an approved centre, you will need to complete the following form, including a physical signature:

Once completed, please scan and email your form to fcexams@libf.ac.uk.

Once your centre has been approved to deliver our qualifications, a member of exam staff at your centre will be able to register learners. This can be completed via the 'bulk register students with The London Institute of Banking & Finance' link on your MyLIBF account.

Please note, it can take up to five working days to process and confirm your registrations.

Once students are registered on to a qualification, your centre will gain access to our learning materials via our online platform, MyLIBF. The learning materials can be accessed by your teaching staff and registered students.

We are unable to deal with queries directly from Financial Capability students. All communications between Financial Capability students and The London Institute of Banking & Finance must come through the student’s tutors or the centre’s examination staff.

Community centres, charities, housing associations and other organisations are all running LiFE to support their service users. Find out more about our Community & Outreach work or contact communityoutreach@libf.ac.uk.

Unit

Cost

Unit 1 LiFE Programme

£10

Unit 2 and 3 LiFE Programme

£20

Unit 1 formal assessment (LiFE Award Level 1)

£10

Unit 2 and Unit 3 formal assessment (LiFE Certificate Level 1/2)

£20

Each resit attempt

£10

 

Unit

Cost

Unit 1 LiFE Programme

£10

Unit 2 and 3 LiFE Programme

£20

Unit 1 formal assessment (LiFE Award Level 1)

£10

Unit 2 and Unit 3 formal assessment (LiFE Certificate Level 1/2)

£20

Each resit attempt

£10

 


If you are already running the LiFE Programme you can tick a box next to the learner name and press submit to register them for the LiFE Award via MyLIBF. Alternatively, you can contact the Financial Capability Support team who will talk you through the process.
 

Contextual mathematics is experienced throughout Unit 1 and Unit 2 but the more engaging activities are contained within Unit 2. Unit 3 focuses on careers and employability.

Yes. LiFE tutors have additional online functions to monitor individual learners' progress. They can see the last time they logged on and what stage the learner has reached. They can also view the results of each survey and end of topic quiz, and track progress. Spreadsheets of this data can be downloaded into Microsoft Excel and used to demonstrate progression and predict results.