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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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Statement from Catherine Winter, Managing Director, Financial Capability and Community Outreach

Update: 18 January 2021

Dear Colleagues,

Ofqual have launched a joint consultation with the Department for Education on alternative arrangements for the award of VTQs and other general qualifications in 2021. They state, "Through this joint consultation, Ofqual and the Department for Education want to hear the views of students who were due to take their exams, their parents and carers, their teachers, school and college leaders and others who have an interest, including further and higher education providers, and employers."

We would actively encourage all centres to complete the consultation to share your views on the proposals for alternative arrangements to exams for this summer. You can reply to the consultation here. The consultation ends on 29 January.

Questions about this year’s assessments

Understandably, we have had a lot of questions about assessments and exams this year. We always strive to provide a first-class support service and answer questions or provide solutions to problems wherever we can. However, at present we can't answer all of your questions about forthcoming alternative arrangements and future examinations. We have been directed by Ofqual to wait for the outcomes of the consultation before sharing any final plans for alternative arrangements.

We know how frustrating this may be for you and your learners, but once we have any information we will share this with you. Please continue to deliver your learning materials for all LIBF qualifications, teaching all unit content as you would normally, although we know this will be delivered very differently at present due to lockdown.

Exams in February and March

There will be no LIBF exams in February or March 2021. However, the January exam series remains open for centres who have made their own decision whether to proceed with these exams. We know that there have been questions about disadvantages for learners who have taken the January exams and those who have not; our stance remains that learners who have chosen to sit or not sit the exams will not be disadvantaged. We will ensure that those due to complete their qualifications this year will be able to do so.

Thank you for your continued support.

Catherine Winter


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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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