What is CeFA®?
CeFA® stands for Certificate for Financial Advisers which is an industry recognised qualification that enables you to gain a thorough understanding of the principles of good advice and the financial services industry.
Please note
Due to new regulation anyone wishing to work as a financial adviser beyond 2012 will require the Diploma for Financial Advisers (DipFA®) qualification which is FSA-approved and incorporated into the National Qualifications Framework (NQF) at level 4.
Due to the above requirement the CeFA® qualification now has a limited shelf life therefore we advise people wishing to enter the industry to gain some knowledge by achieving CeFA® 1 (UK Financial Regulation) before moving directly onto their DipFA studies with Simply Academy.
Level
The Certificate for Financial Advisers (CeFA®) is incorporated into the National Qualifications Framework (NQF) at Level 3.
Entry Requirements
There are no entry requirements.
Qualification Details
The Certificate for Financial Advisers (CeFA®) consists of 4 core modules:
- UK Financial Regulation (CeFA® 1)
- Investments and Risks (CeFA® 2)
- Retirement Planning and Protection (CeFA® 3)
- Assessment of Investment Advice Knowledge (CeFA® 4)
Assessment Details
- UK Financial Regulation
Assessed by a 2 hour, 100 question, multiple-choice examination split into 2 units. Each unit contains 50 multiple-choice questions. You must achieve a minimum of 70% to pass each unit. If you don’t gain 70% in either unit you will have to re-sit. You only need to re-sit any failed units. - Investments and Risks
Assessed by a 2 hour multiple –choice examination split into 2 units. The first comprises 40 multiple- choice questions and the second comprises 2 case studies each containing 5 questions. You must achieve a minimum of 70% to pass each unit. If you don’t gain 70% in either unit you will have to re-sit. You only need to re-sit any failed units. - Retirement Planning and Protection
Assessed by a 2 hour multiple-choice examination split into 2 units. The first comprises 40 multiple-choice questions and the second comprises of 2 case studies each containing 5 questions. You must achieve a minimum of 70% to pass each unit. If you don’t gain 70% in either unit you will have to re-sit. You only need to re-sit any failed units. - Assessment of Investment Advice Knowledge
Assessed by a 2 hour multiple-choice examination comprising of 6 case studies each containing 10 questions. You must achieve 70% to pass this module.
These examinations are delivered electronically with results given immediately.
After you pass?
Upon successful completion of this qualification you can use the letters CeFA after your name.
