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Level 2 Certificate in Financial Capability and Careers Development (CeFCCD)

Financial Capability

Level 2 Certificate in Financial Capability and Careers Development (CeFCCD)

For teaching in Wales only.

CeFCCD is for people who are, or who will shortly be, reaching a time of their life when they no longer depend on others for their financial provision.

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About the qualification

Students will learn about the practical and legal constraints on the sources and uses of money, ways of organising their money through personal budgeting, how to use suitable bank and building society accounts in an informed way, and the concepts and consequences of overspending and payment default.

The course also provides a valuable insight into a range of career opportunities in financial services. It gives guidance on how students can improve their employability skills.

CeFCCD is regulated in Wales only by Qualifications Wales.

What is it really like to teach or take one of our financial education qualifications? Our teachers and students share their journey with us.

Units

Unit 1 – Personal Financial Encounters (PFE)

PFE aims to increase students’ understanding of the sources of money and understanding of everyday financial encounters, enabling them to make informed decisions about their finances.

Unit 2 - Money Management Solutions (MMS)

The aim of MMS is to develop students' understanding of the banking systems available to them. This will enable them to make informed choices about their bank accounts and spending decisions.

Unit 3 - Personal Finance Management (PFM)

The aim of PFM is to increase students' understanding of personal finance, taking into account affordability, choice and protection.

Unit 4 - Careers in Finance (CIF)

CIF aims to provide students with an understanding of the careers available in financial services and the key entry routes, providing them with ways of enhancing their employability.

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 CeFCCD (C00/0645/1) has a TQT of 180 hours and is split between GLH of 132 hours and other hours of 48.

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What progression does our CeFCCD qualification offer?

Once completed, 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.



Assessment

All four units can be assessed by paper based examination or by the LIBF e-test electronic testing system.

Unit 1 is assessed by a single 30-minute objective test comprising 18 multiple-choice questions and four sets of stimulus material each with three linked questions.

Unit 2 is assessed by a single 30-minute objective test comprising 18 multiple-choice questions and four sets of stimulus material each with three linked questions.
 
Unit 3 is assessed by a single 30-minute objective test comprising 10 multiple-choice questions and two sets of stimulus material each with five linked questions.
 
Unit 4 is assessed by a single 30-minute objective test comprising 10 multiple-choice questions and two sets of stimulus material each with five linked questions.

Grading

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

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