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Financial Education

Financial skills for life

Develop your students’ financial knowledge and confidence with our suite of qualifications specifically designed for 14-19 year olds.

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 Summer exams 2021  information 

Update: 13 July 2021

Thank you to all centres for your continued hard work and support to your learners.

TAG process 2021

As mentioned previously, all new evidence requests have been made to centres now. Once evidence has been received, we are working tirelessly to process this and carry out the necessary quality assurance required. In some instances we may have to go back to a centre for further clarification or to request additional evidence; we will confirm once we have made all final requests for additional evidence very soon. (This only applies to centres that we are already in contact with following an evidence request.)

Key dates

In previous years we would have published and made available our key dates for the forthcoming academic year already. At present we are monitoring developments for next academic year and are awaiting further guidance from Ofqual before we publish this.

As the end of the academic year draws nearer, we know that centres will soon be breaking up for the summer break. We will continue to communicate any developments whilst the majority of centres are still open, however during the summer break we will limit all communications and only email should there be exceptional reasons to do so.

Our Covid information page remains live and links to key processes and timelines can be found there. Please do continue to let us know, via fcexams@libf.ac.uk, if you have any individual questions or concerns and we will do our utmost to support you.

Thank you for your continued support.

Update: 5 July 2021

Due to Covid-19 the majority of examinations have been unable to take place in schools and colleges. As such, and in line with Ofqual’s Vocational and Technical qualifications contingency regulatory framework, our Financial Education qualifications will be assessed by Teacher Assessed Grades in 2021.

For our Financial Education qualifications made up of on demand assessments, in some cases centres have been permitted to continue taking the examinations where they were able to under public health guidance. However, where centres have not been able to complete the delivery as they would in a normal year these will also be assessed through Teacher Assessed Grades (TAGs).

Throughout this year we have provided centres with information on the process for supplying TAGs and how our internal quality assurance will work. This page includes all the communications that have been sent to centres during this time. These can be reviewed by clicking on the relevant links under the previous emails section below.

Key dates

The dates for students’ results being released in 2021 are:

  • Level 3 (LIBF CeFS and DipFS) - 10th August 2021
  • Level 2 (CeFE/AiFE/CeFCCD/LiFE) - 12th August 2021

Results to centres will be released the day before for each level respectively. We have provided a timeline of all key dates.

Appeals

If a centre or their students are unhappy with the grades received this summer an appeal may be submitted to us. If you wish to submit an appeal, please read the following process for appealing Teacher Assessed Grades.

All our other standard policies for Financial Education qualifications remain unchanged.

Ofqual have published a student guide on how qualifications are being awarded this year. Centres are encouraged to point students in the direction of this should they have any queries about the overall approach to awarding qualifications in 2021.

Catherine Winter,

Managing Director
Financial Capability & Community Outreach

Previous emails

Get up-to-date information relating to Coronavirus.

Frequently Asked Questions

Our Level 3 Certificate & Diploma in Financial Education (CeFS/DipFS) qualification is included in Performance Tables. 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.

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

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

Once you’ve receive approval to deliver our qualifications, a member of the 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 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.

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