Certificate in Financial Capability and Careers Development (CeFCCD)

For teaching in Wales only.

The Certificate in Financial Capability and Careers Development (CeFCCD) is a level 2 qualification that has been designed for people who are, or who will shortly be, reaching a life stage when they no longer depend on others for their financial provision.

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About the qualification

Students taking this qualification will gain knowledge about the practical and legal constraints on the sources and uses of money, the methods of organising their money through personal budgeting, the considered use of appropriate bank and building society accounts and the concepts and consequences of overspending or payment default.

The qualification also provides a valuable insight into a range of career opportunities within the financial services sector and gives guidance on methods for enhancing individual employability skills.

CeFCCD is accredited in Wales only by Qualification Wales.

Read Gabbi Stopp's, Head of Employee Share Ownership at ProShare, study diary on the Diploma for Financial Advisors.

Units

Unit 1 – Personal Financial Encounters (PFE)

PFE aims 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.

CPQ DipFA testimonials
I thought the course was well structured and involved three major tasks to provide a more rounded approach to what an adviser actually does. The coursework and factfind preparation are absolutely central skills to develop. Daniel Blandford, IFA -MK Financial Planning
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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

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

Grading

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.

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Looking for further information

Download a brochure

All the information you need about our suite of Financial Capability qualifications.

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Contact

If you're looking for further information get in touch via our online form or you might find the answer in our FAQ's.

Contact us FAQ’s

Frequently Asked Questions

Our Level 2 Certificate in Financial Education (CeFE) and Level 3 Diploma in Financial Education (DipFS) qualifications are included in Performance Tables across the UK and CeFE is counted towards Progress 8. Our Level 2 Certificate in Personal Finance (CPF2/CPF5) is included in Performance Tables in Wales and Scotland and 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, SQA, 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.



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