ifs School of Finance - Scottish Qualifications Authority

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10 Νοε 2013 (πριν από 3 χρόνια και 9 μήνες)

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Alumni Services

Jeremy Williams


Financial Capability

Relationship Manager
M

The
ifs

School of Finance

A Leading Provider of Financial Education since 1879



1879


The Institute of Bankers is founded



1987


The organisation gains a Royal Charter



1997


Became the
Institute of Financial Services



2006


The organisation changes name to
ifs
School of


Finance



2010
-

Acquisition

of Taught Degree
-
Awarding Powers


ifs

in numbers


Over 130,000 students have studied an
ifs

financial
capability qualification since 2006.


26,309 students were registered to study an
ifs

qualification in 2011/12 in England and Wales.


446 centres registered students with
ifs

in England and
Wales in 2011/12.


Over 90 centres and1200 students were registered with
SQA in 2011/12.


1,118 students gained SQA certification at Level 4 from

112
centres in 2010/11.




Why Qualifications?


The qualifications route


“Students valued accredited courses, such as those
provided by the
ifs
School of Finance.…. which had the
benefit of leading to nationally
recognised

qualifications.
They were well supported by course materials and
included continuous assessment of progress. The
ifs

School of Finance courses provided a coherent and
progressive curriculum



(
Ofsted



Developing financially capable young people.
March 2008, Ref: 070029)


Why Qualifications?

Becoming Financially Capable

(The University of Manchester Report 2008)





This impact resulted in an increase in knowledge and
awareness, an improvement in financial behaviour….
Helping them move towards greater independence”



Our research shows that personal financial
management increased during the period of study …”



Young people need to and want to be better financial
consumers to enable them to make the important
financial decisions they will have to take in their
financial futures


‘When you go into a
bank now and look
at their products,
you know what they
are talking about
and you know what
APR means
properly


all the
terms and
conditions.




Salima

The student’s view

The
ifs

Approach


Comprehensive financial capability package
to deliver an essential life skill


Students and tutors have web access and
extensive student/teacher materials


Assessment on demand with speedy results


Dedicated telephone support and
teacher/tutor training


An opportunity to demonstrate student’s
mathematical skills

Partnership with SQA

The
Personal Finance Award
at SCQF

Level 4 is jointly awarded by the SQA and

the
ifs

School of Finance. It contributes to

delivery of the four Curriculum for Excellence

capacities.

It equips candidates with the skills to

understand and manage money throughout

their lives.

Personal Finance Award

The Personal Finance Award code is GA1Y 44

The Units are:

The Principles of Money
-

SCQF Level 4


(Unit code FC64 04)

Money Management
-

SCQF Level 4


(Unit code FC63 04)

Includes:


Access to end of Unit assessments on SQA SOLAR.


Access to learning and teaching materials via
SQA’s

secure


website.


Advice about delivering the course


this can be provided by
SQA or by contacting the
ifs
School of Finance directly.


Financial Capability
Progression Routes


Level 5: Adult Programme


BSc (
Hons
) in Banking Practice and
Management


Level 7: Diploma in Financial Studies


Level 6: Certificate in Financial Studies


Level 5: Certificate in Personal Finance


Level 4: Personal Finance Award


19

14

Topics 1 to 5

Topics 1 to
4

Unit 1

The Principles of
Money (POM)

Unit 2

Money
Management (MOM)

Level 4 Award

Level 5 Certificate

Topics 1 to 8

Topics 1 to 8

Unit 1

Personal Financial
Encounters (
PFE)

Unit 2

Money Management
Solutions (MMS)

Topics 1 to 4

Unit 3

Personal Financial
Management (PFMA)

The above are
assessed through
the SQA SOLAR
system


o
3 units

o
125 guided learning hours (140 Learning hours)

o
R
egistration is £36 per student

o
Resit fee £12 (max 2 resits per exam)

o
On
-
demand objective tests for all units

o
Grade A* to C

CPF5

Scottish Equivalents



How do I access the website?


How is it structured?


What materials do I get?


How do teachers deliver the courses?


How do I get further information?



https://my.ifslearning.ac.uk



My
ifs

learning website

The centre is given a login
name and password to access
the learning materials.


Structure of topic sheets



Tutorial with Qs and As



Review questions



Case studies



Suggested learning activities



Key points


Student Investor Challenge


Online investment game for students aged
14
-
19


Teams are given a fantasy £100,000 to
invest in the stock market


Top prize is an educational trip to New
York, £200 for each team member and
£2,000 for their school


www.studentinvestor.org



Specialist Financial Education Provider


Key Life Skill in Modern Society


Working in Partnerships across UK


Accredited Qualifications and Routes


Excellent Resources and Customer
Service.

www.financialcapability.co.uk



Summary