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 information or would withdraw your consent.

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

Certificate in Financial Capability and Careers Development Level 2 (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.

FC-banner-2

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 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 accredited in Wales only by Qualifications Wales.

Units

Unit 1 – Personal Financial Encounters (PFE)

PFE aims to increase students' understanding of the sources of money and the importance of budgetary control, 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 (601/3723/X) has a TQT of 180 hours and is split between GLH of 132 hours and other hours of 48.

7
The main curriculum doesn't cover these issues in enough depth.  These courses give good opportunities for students to learn valuable life skills and knowledge. Malcolm White -Deputy Head Teacher, Leventhorpe
FC-3

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.

FC-7
A-male-student-studying
img-07

Frequently Asked Questions

Our Level 2 Certificate in Financial Education (CeFE) and Level 3 Certificate & Diploma in Financial Education (CeFS/DipFS) qualifications are included in Performance Tables and CeFE is counted towards Progress 8. 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.

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 of a GCSE.

If you'd like to talk to someone on the Financial Capability team about the LIBF e-test software, call us on +44 (0)12 2782 8234 or via email: fcexams@libf.ac.uk.

To register as an Approved Centre, you will need to complete the following form:

Once completed, please email both forms to fcexams@libf.ac.uk

Once you’ve receive approval to delivery our qualifications, a member of examinations staff at your centre will be able to register students. This is done using the ‘Bulk register students with The London Institute of Banking & Finance’ link on your MyLIBF account.

Please note, it will take up to 5 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.

Costs that are involved with the delivery of our qualifications include the registration of students, resit examination and any post-result actions (e.g. Script Requests, Result Enquiries). These can be found here. There are no costs to becoming an Approved Centre.

Payments are due at the end of the calendar month.

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.

7


You may also be interested in 

Financial Capability

Teacher Development

Find out how we can support teachers and their professional development through our bespoke CPD sessions.

View course

Financial Capability

Certificate in Financial Studies

This level 3 qualification provides students with a comprehensive understanding of the core disciplines of financial capability.

View course