Certificate for Financial Advisers (CeFA®) Achieving the Certificate for Financial Advisers (CeFA®) will enable you to gain a thorough understanding of the principles of good advice and the financial services industry. CeFA® enables you to develop an extensive knowledge and understanding of UK financial regulation, investments and the risks that go with them, retirement planning and protection. It will also establish your ability to synthesise knowledge across product areas in order to provide effective and consumer-focused financial advice. Studying CeFA® demonstrates a desire to continue your professional development, improves career and promotion prospects and can offer access to further professional development. Upon successful completion of CeFA® you will understand: l The purpose and structure of the UK financial services industry l Regulation of the financial services environment l Taxation, asset allocation, investment planning and investment products l The purpose and scope of Financial Protection l The main aim and strategies of retirement planning Facts at a glance How to apply and select suitable financial solutions within the regulatory and ethical framework l l Study and learning resources CeFA® is a distance learning qualification, allowing you to study at a pace and time that suits you. A comprehensive set of learning materials is provided at registration, both in hard copy and online via the information gateway my ifslearning. Specimen examination papers, revision notes and online tutor support is also available to support your studies. l l l l Registration Register online at www.iofs.org.uk/OnlineRegistration or download a registration form at www.iofs.org.uk/CeFA. l You can also register by phone on +44 (0)1227 818609 (option 1). Please have your Visa / Mastercard / Debit card to hand when you call. l The ifs Level 3 Certificate for Financial Advisers (CeFA®) is a Qualifications and Credit Framework (QCF) qualification accredited by Ofqual CeFA® consists of four mandatory modules Registration costs £160 per module and is valid for 12 months Registration includes learning materials, initial assessment entry and online access to any relevant updates during the registration period Assessment for CeFA® consists of a 2-hour multiple-choice assessment for each module. Assessments can be taken on demand at Pearson VUE centres with confirmation of your result on the day Students only resit units that they have not passed, allowing them to focus on areas of weakness rather than having to revisit the entire syllabus In-house examinations via ifs e-test™ are available through participating employers. Please visit www.iofs.org.uk/e-test for more information www.iofs.org.uk/CeFA The Institute of Financial Services is the professional body of ifs University College, a registered charity, incorporated by Royal Charter. Certificate for Financial Advisers (CeFA®) Qualification structure Cost Module 1 UK Financial Regulation Unit 1 Unit 2 Introduction to the Financial Services Environment & Products 50 recommended learning hours 1 hour exam UK Financial Services and Regulation 30 recommended learning hours 1 hour exam Module 2 Investments & Risks Unit 3 Principles of Investment 50 recommended learning hours 1 hour exam Unit 4 Investment Products 50 recommended learning hours 1 hour exam Financial Protection 50 recommended learning hours 1 hour exam Unit 6 Retirement Planning 50 recommended learning hours 1 hour exam £124 Specimen paper (per paper) £21 Revision notes (per module of units) (when purchasing two modules together) (when purchasing all three modules) £26 £41 £52 £21 Upon successful completion of this qualification you will be able to use the designation ‘CeFA‘ after your name. CeFA® can act as a stepping stone towards the ifs Level 4 Diploma for Financial Advisers (DipFA®) which is a benchmark qualification that meets the standards required for those giving professional advice on retail investment products beyond 2012. Assessment of Investment Advice Knowledge 40 recommended learning hours 2 hour exam DipFA® has been designed specifically with the intended outcomes of the FCA’s Retail Distribution Review (RDR) in mind. It is a highly relevant programme of study that develops the knowledge required whilst also enhancing the skills and practical understanding of the subject matter needed to apply it effectively to the work-place. It can be completed in as little as 9 months. Visit www.iofs.org.uk/DipFA to find out more. Qualification: CeFA® (Certificate for Financial Advisers) Membership Membership of the Institute of Financial Services provides access to cost-effective and appropriate services that meet the very specific needs of the financial and mortgage adviser community and costs just £66 per annum. Further information can be found at www.iofs.org.uk/Membership. twitter.com/_IoFS Examination resit fee (per module) Post qualification Module 4 Assessment of Investment Advice Knowledge Unit 7 £160 Ask the Expert Online support service Module 3 Retirement Planning & Protection Unit 5 Registration fee (per module - includes learning materials and initial examination entry) About the Institute of Financial Services The Institute of Financial Services supports and promotes professionalism in the regulated advice sector and the wider financial services industry. It does so through the provision of qualifications, continuing professional development services and through the dissemination of best practice. The Institute is the professional body of ifs University College, a registered charity, incorporated by Royal Charter. It is an FCA Accredited Body and is recognised as an awarding organisation by Ofqual. linkd.in/_IoFS Institute of Financial Services, ifs House, 4–9 Burgate Lane, Canterbury, Kent CT1 2XJ youtube.com/InstituteFS T +44 (0)1227 818609 E [email protected] W www.iofs.org.uk Every effort was taken to ensure this information sheet was accurate at the time of going to press; the Institute of Financial Services is not liable for any errors or omissions in this publication. The Institute reserves the right at any time and without notice to vary the content of its courses and syllabuses previously announced and to modify as appropriate the facilities and arrangements for students. AW11/13
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