Improving financial literacy through qualifications

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Improving financial literacy through qualifications

Managing money is a vital part of life and ifs University College believes it should be an essential part of education too.

That's why ifs University College, a financial education specialist, has developed comprehensive Financial Capability qualifications for 14-19 year olds to help them manage their personal finances effectively and make positive long-term financial decisions.

Since launching in 2006, more than 130,000 teenagers have gone on to take an ifs University College financial capability qualification, developing the crucial financial life skills they need, whether progressing from secondary school into further and higher education, or entering the world of work.

And, in recognition of the importance that these high-quality financial capability qualifications have played in the lives of these students over the past eight years, the Department for Education has included ifs University College's Levels 2 and 3 qualifications in the 14-19 Qualifications Performance Tables from the summer 2016.

The ifs University College qualifications included within the performance tables include the AS & A level-equivalents Certificate (CeFS) and Diploma in Financial Studies (DipFS), as well as Level 2 GCSE-equivalent Certificate in Financial Education (CeFE):

The Certificate in Financial Education (CeFE) is a new Level 2 qualification which is designed to equip learners for effective decision-making in financial encounters, contextualise these within a broad social and economic context and apply these within any employment setting. It consists of three mandatory units: Finance, the Individual and Society; Practices of Managing Money and Financial Capability, Work and Enterprise.

Meanwhile, the Certificate in Financial Studies (CeFS) is a comprehensive introduction to personal finance. It develops the knowledge and skills required for young people to make informed financial decisions by introducing them to the risks and challenges involved in personal finance and to tools for effective planning. Through developing core skills of critical analysis and evaluation, synthesis and written communication, CeFS provides a foundation for further study in business and finance-related disciplines, as well as a wide range of other fields.

Finally, the Diploma in Financial Studies (DipFS) explores, in depth, the key concepts of financial capability and how they are applied to achieve longer-term financial sustainability and independence. As an advanced level, the financially-related content of this qualification serves as a strong grounding for undergraduate study and is particularly useful for finance and business-related disciplines. Indeed, many students go on to study accounting, business, finance and banking at a higher level.

For more information on how ifs University College's leading financial capability qualifications can help your students, please visit the ifs website

ifs University Collegeis a not-for-profit professional body and registered charity, incorporated by Royal Charter.