London Institute of Banking & Finance (LIBF)

LIBF Financial Capability Qualifications

Put your pupils

on the right path


The London Institute of Banking & Finance (LIBF) is to advance banking and finance by providing outstanding education and thinking, tailored to the needs of business, individuals, and society. Its focus is on lifelong learning; equipping individuals with the knowledge, skills and qualifications to achieve what they want throughout their career and life.

LIBF provides a balance of experience, insight and thought leadership into today's financial world, delivered by industry leaders, thinkers and members of our community. And because LIBF has been at the heart of the sector since 1879, it creates connections and build partnerships between people and business that make banking and finance more accessible and understood, and enhance social inclusion through better financial capability.

LIBF has worked with ASDAN China from September 2017 to introduce the LIBF Financial capability qualifications to China.
English website:
Chinese website:

Key Value

Financial Capability Qualifications

LIBF Financial Capability Qualifications help schools instil the knowledge and confidence their pupils need to make good financial decisions, as well as inspiring the next generation of finance and banking professionals.

LIBF learning programmes, qualifications and wider community-based initiatives focus on the everyday financial skills needed and essential skills employers say are missing. And through our financial champions in schools, membership and higher education qualifications, LIBF makes the banking and finance sector more accessible and attainable.

Students not only learn how to manage money effectively, they also learn about income and expenditure, credit and debt, insurance, savings and pensions, financial products, and how public money is raised and spent; helping them prepare for financial independence. LIBF Financial Capability Qualifications help schools instil the knowledge and confidence their pupils need to make good financial decisions, as well as inspiring the next generation of finance and banking professionals.

Key Facts

• All qualifications are accredited by Ofqual

• Selected qualifications are A-level and GCSE equivalent

• Selected qualifications are included in school Performance Tables

• Selected qualifications will count towards Progress 8 Measures

• Endorsed as an effective way to use Pupil Premium

• CeFS and DipFS can award the maximum available UCAS points

• Develop wider skills in literacy, evaluating and developing arguments, presentation skills and good writing styles

• Employers value Financial Capability skills and qualifications

Qualification Overview

According to the findings from The Young Persons' Money Index 2016 only 50% of young people feel they have enough knowledge to manage their personal finance with 60% of young people admitting to worrying about their personal finances. It is crucial that we join together to educate young people to manage their money well and make sound financial decisions so they can be certain that they have the required resilience for an ever-changing future.

Qualification Specification


Level 1


Level 2

CeFS & DipFS

Level 3


Lessons in Financial Education (LiFE)

The LiFE programme is broken down into three units. Students can make their way through them at their own pace, slowly building on their financial knowledge and confidence.

LiFE is an accessible e-learning programme which will allow students to experience financial education on a 'learning by doing' basis. This scalable education is the perfect way to ensure more students leave school with invaluable financial awareness.


Suitable for year 9-10 students

Ways of Participation


Guided learning hours: 48 h

Exam Details

Ways of Participation

To support teaching and learning needs, LIBF provides students with access to the learning platform, MyLIBF. This means teaching and student resources are available 24/7 and can be accessed at school, college or home.
Guided learning hours:48 h



Suitable for year 10-11 students

Ways of Participation

• Winter camp in Shanghai University of Finance and Economics (SUFE) and supported resources in both English and Chinese.

• MyLIBF official learning resources

Award in Financial Education

Designed to prepare students to take their place in society as responsible citizens. It provides students with the skills and knowledge to manage their money well and make sound financial decisions.

Certifcate in Financial Education

Provides students with an understanding of the economy, financial management skills, employability and enterprise. CeFE introduces the student to the impact of finance on the economy and encourages them to consider how this can affect business and the individual.

Exam Details

AiFE & CeFE Winter Camp Schedule

CeFS & DipFS


Suitable for year 10-12 students

Ways of Participation

• Summer camp in Shanghai University of Finance and Economics (SUFE) and supported resources in both English and Chinese.

• MyLIBF official learning resources

Certificate in Financial Studies

Encouraging students to become responsible borrowers, sensible savers, and to appreciate the need for financial planning throughout their life. CeFS is included in school Performance Tables and can attract the maximum UCAS points available.

Diploma in Financial Studies

DipFS will enable students to make informed and confident decisions by developing the knowledge and skills gained by achieving the CeFS. DipFS is included in school Performance Tables and can attract the maximum UCAS points available.

Exam Details

CeFS Summer Camp Schedule (2018)

DipFS Summer Camp Schedule (2019)

Cross-curricular links to Mathematics and Citizenship

The recent publication of the latest report from the All Party Parliamentary Group on Financial Education makes several key recommendations one of which was that statutory financial education should be strengthened in Mathematics and Citizenship. Below our suite of qualifications have been mapped to the coverage of financial education within the Mathematic and Citizenship National Curriculum.


Student Investor Challenge

The Student Investor Challenge gives you the chance to experience what it’s like being a stock broker in a fast-paced and competitive market. Teams, consisting of four members aged between 14 and 19, will take control of two investment portfolios with £100,000 of virtual money for each one to invest in the stock market.
Helping prepare your students for higher education and the world of work.

Supported by

FTSE & Bloomberg

Registration Rules

Registration is open until midnight on 17 November 2017 (UK time).

Only teachers can register teams. Registering a team requires that you have a Teacher Reference Number. These will be sent to schools in early September 2017. Alternatively teachers can request a reference number online.

Student teams must consist of four members who will be aged between 14 and 19 on 31 August 2018.

Young Financial Journalist

The Young Financial Journalist of the Year is open to students aged between 14 and 19 years and currently studying a financial capability qualification offered by The London Institute of Banking & Finance on the date of receipt your entry.

Supported by

BBC presenter Steph McGovern.

Registration Deadline

Nov. 2017

Competition Rules

The entry must be no more than 1,000 words on the decided topic. The 2017 topic : ‘How will financial education help me meet the financial challenges I will face throughout my life’.

Teachers are permitted to enter entries from multiple classes for the competition.

Entries will be disqualified if they contain excessive spelling, punctuation or grammatical mistakes, to be judged at our discretion.

Exam Centre

1. Application Requirements

2. Application Process

4. Exam Centre

Exam centres for January 2018 LiFE examinations: Jurong Country Garden School, Zhenhai High School of Zhejiang, Beijing New Oriental Foreign Language School at Yangzhou,
Yichang Cambridge International School, Menaul School·Qingdao


1. Register via ASDAN China official Website

2. Note: only 200 seats are available for Level 3 in the 2019 exams

3. After paying successfully, students could receive:

  • Detailed exam information and preparation information;
  • MyLIBF account and using guides after one week of registration deadline;
  • Opportunity to register LIBF activities.

4. Students who choose to participate in the camps will need to sign on an agreement with ASDAN China

5. Attend LIBF examinations

6. Attend resit if you need

7. Receive the results and certifications

University Recognition

UK University Recognition of LIBF (Level 3)

University Recognition
Lancaster University
TIMES UK University Ranking No.9
We are typically happy to consider the IFS Diploma in Financial Studies as an alternative to an A level at grade A. However, we do generally ask for applicants to have completed the Certificate in Financial Studies first. One thing to bear in mind that with is that they would still need to meet an A level subject requirements for the course they are applying for. For example, if a course required Maths or a Science subjects at grade A they would still need to meet these alongside their IFS Diploma.
Loughborough University
TIMES UK University Ranking No.11
We do accept the Diploma in Financial Studies alongside two A Levels for entry. We would prefer the qualification in combination with two A Levels from our preferred subject list, as detailed below. We do not accept the qualification alongside a vocational qualification such as a BTEC. Preferred academic A Level subjects: Biology, Chemistry, Economics, English Language, English Literature, Geography, Government and Politics, History, Languages (non-native), Law, Maths/Further Maths, Physics, Statistics. A typical offer would be A in Diploma in Financial Studies, with AB from two A Levels."
University of Leeds
TIMES UK University Ranking No.13
We do consider the Level 3 IFS Diploma in Financial Studies but require students to take A levels alongside it. Our typical entry requirements for these students onto our Economics and Finance related courses are that a grade A would be required in the IFS Diploma, alongside AA at A-level. Please note that applicants also have to meet our minimum Maths and English requirements for their chosen course – (I) GCSE Maths grade A and English Language grade B. Or if they have a B an (I) GCSE English Literature we will accept a C in (I) GCSE English Language. Or if they also have an A / AS Level in Maths or EnglishLanguage/Literature with a grade C or above, we will then be able to accept a lower grade at GCSE level as the A level supersedes it.
University of Surrey
TIMES UK University Ranking No.14
We can currently consider the IFS Diploma in Financial Studies. However, I’m afraid the entry requirements for September 2018 have not yet been completely finalised, so I would recommend you check back with us towards the end of September to ensure this information is still correct.
University of East Anglia
TIMES UK University Ranking No.15
We consider the IFS Diploma in Financial Studies as equivalent to one A-Level.
University of Sussex
TIMES UK University Ranking No.18
We would be happy to consider this qualification as a substitute for an A-Level.
University of Bristol
TIMES UK University Ranking No.19
Our admissions team have previously accepted students onto our Economics, Finance and Management courses who have studied the IFS Diploma in Financial Studies (DipFS). This has been in place of 1 A-level, using the same grades - i.e. an A in the IFS Diploma equals an A in an A-level. Applicants would therefore need to have two additional A-levels alongside the diploma in order to be considered for entry onto our courses. Please note that many of our courses within the School require Maths as a specified subject. The diploma cannot substitute for A-level Maths - so for those courses we would require Maths to be taken as one of the remaining two A-levels. We also cannot accept the certificate - it must be the full diploma.
University of Southampton
TIMES UK University Ranking No.21
We do accept the LIBF Diploma in Financial Studies in place of one A-level. Typically students will come to us with the Diploma and two further A-levels. For Economics programmes we look for grades AAB to include Mathematics at A-level.
University of Sheffield
TIMES UK University Ranking No.24
The full DipFS is accepted for entry when combined with two A Levels (in acceptable/required subjects where applicable). However the DipFS should not duplicate the A Level subjects offered. For example, it would not normally be accepted in combination with A Level Accounting.
University of Leicester
TIMES UK University Ranking No.25
We do consider the IFS Diploma in combination with A Levels and would be looking for ABB from a combination of two A Levels and the Diploma for entry to our Business/Economics courses. Applicants from China would also need to meet our English Language requirements which are IELTS at 6.5 (no less than 5.5 in each component) or equivalent qualification we would accept.
University of Essex
TIMES UK University Ranking No.30
We can consider the DipFS for entry onto our Essex Business School and Economics-related courses, however, it must be taken alongside other qualifications that all equate to the equivalent of three A-Levels. For example, a DipFS plus two A-levels.
University of Reading
TIMES UK University Ranking No.31
We'd happily accept it in lieu of 1 A-level, except for Mathematics where Mathematics is a required subject.
Royal Holloway University of London
TIMES UK University Ranking No.34
We confirm that we would be happy to consider the LIBF Diploma in Financial Studies (DipFS) alongside two full A Levels, in order to meet the entry requirements for our Management/Economics/Finance related courses.
The University of Liverpool
TIMES UK University Ranking No.39
The qualification is equivalent to an A Level, however this can only be considered for students applying for Accounting and Finance.
Queen Mary University of London
TIMES UK University Ranking No.40
Typical A-Level entry requirements for programmes within the School of Economics and Finance and the School of Business and Management are grades AAA. For Economics and Finance programmes, A-Level Mathematics is a compulsory subject. For these subject areas we are happy to accept the LIBF Diploma in Financial Studies at grade A in place of one A-Level.
The University of Buckingham
TIMES UK University Ranking No.41
We are happy to accept the LIBF Diploma in Financial Studies when offered with two additional A-level subjects for entry to our Economic/Business related courses.
Keele University
TIMES UK University Ranking No.42
This qualification is equivalent to an A level and therefore we would accept this in lieu of an A level qualification when studied alongside other level 3 qualifications and if an applicant met all subject specific requirements.
Swansea University
TIMES UK University Ranking No.44
Swansea University will make offers when CeFS (Certificate in Financial Studies) and DipFS (Diploma in Financial Studies) qualifications are combined with others
Cardiff University
TIMES UK University Ranking No.46
The general entry requirements are: Grade A in IFS Diploma in Financial Studies plus grades AA in two A-Level subjects. For Economics (L100) and Economics & Finance (LN13), we require Maths to be one of the A-Level subjects. For degrees including a European Language, we require the relevant language to be one of the A-Level subjects.
Coventry University
TIMES UK University Ranking No.47
Diploma in Financial Studies where the overall breadth of study is equal to the course entry requirements
University of Central Lancashire
TIMES UK University Ranking No.50
We require the IFS qualification same as A level requirement.
University of the West of England
TIMES UK University Ranking No.60
This qualification holds tariff points and holds them at the same level as an A-Level, so we would effectively accept this as an equivalent qualification.
Bangor University
TIMES UK University Ranking No.61
We would consider this qualification in our offer making for programmes within Bangor Business School.

Specimen Papers

  • LiFE
  • AiFE &CeFE
  • CeFS & DipFS