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Assessment and Grading


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LiFE Programme

The LiFE Programme covers all three units, but is not formally assessed. The programme records students 'feelings and understanding' before and after each topic so their progress is clearly displayed. Each topic includes a 'check your understanding' activity and short multiple-choice quiz to make sure students have improved their knowledge before they move onto the next topic and unit. At the end of each unit students will receive a completion certificate.

LiFE Award

The Level 1 LiFE Award is the formal assessment for Unit 1. Students must have completed Unit 1 of the LiFE Programme to be assessed. Students are tested via our e-test platform and are able to resit twice.

LiFE Certificate

From September 2017, students who have achieved the LiFE Award will be able to progress to the Level 1/2 LiFE Certificate, which is awarded to those who have passed the formal assessment for Units 2 and 3. Students must have completed the learning for Units 2 and 3 before the assessment and are tested via our e-test platform. Students are able to resit each unit twice.

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

Example of the learning enviroment showing the different topic sections.

LiFE Topic 1

Read how David Anderson, Financial Capability Relationship Manager has seen how LiFE is changing the culture of how the next generation manage their personal finances.

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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 received approval to deliver our qualifications, a member of examinations staff at your centre will be able to register students. Please note, it will take up to 5 working days to process and confirm your registrations.

Once you've received approval to deliver 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.

Contact

If you're looking for further information get in touch via our online form or you might want to download our brochure.

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