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What Is The CeFA Qualification?

CeFA stands for the Certificate for Financial Advisers which is an industry recognised qualification.  Every financial adviser in the UK needs to pass their CeFA exam in order to give advice to the public.

CeFA comprises three exams – CeFA 1, CeFA 2, CeFA 3 and CeFA 4. All CeFA exams are multiple choice.

CeFA 1 – Introduction to Financial Services & Products and UK Regulation

CeFA 1 gives an overview of the whole UK financial services market. Many people find the CeFA exam to be quite daunting as it covers many different aspects of the financial services industry.

The CeFA 1 consists of two units. In each unit there are 50 multiple choice questions to be answered in one hour.  The pass mark for each is 35 out of 50 (70%).

Unit 1 is an overview of the UK financial services market and covers taxation, savings, mortgages, investments and pensions. Unit 1 looks at the principles of providing financial advice and the law on financial services.

Unit 2 covers the regulation of the financial services industry and so it mainly looks at the role of the Financial Services Authority (FSA), data protection, money laundering, complaints and compensation.

To get the CeFA 1, you must pass both units.

CeFA 2 – Investments and Risks

There are two units within CeFA 2. Each unit lasts one hour and the pass mark for each unit is 70%.

Again, both units must be passed.

CeFA 2 covers in detail issues concerning taxation, investment returns, investor risk, assets, products and economic factors

CeFA 3 – Retirement Planning and Protection

There are two units within CeFA 3. Each unit lasts one hour and the pass mark for each unit is 70%

Again, both units must be passed.

CeFA 3 covers in detail the various types of insurance and protection products available and issues concerning pensions and retirement planning.

CeFA 4 – Synoptic Paper

For CeFA 4 delegates answer questions on case studies. The paper consists of 6 case studies.  There are 10 questions on each case study giving a total of 60 questions. To pass CeFA 4, you need to correctly answer 42 questions (70%). There is no separate subject content for CeFA 4. It is based on exactly the same information and content as CeFA 1, 2 and 3.

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    The Course Content Was Excellent

    I used Brendon’s training programme to pass CeMAP exams, the course content was excellent, well scripted and designed for ease of understanding. I booked the course online not knowing anything about the company and a little sceptical that would be worth the money, however I would fully recommend the course to anyone considering a change of career.

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    10 Staff All Passed Their Cemap Thanks to Brendan

    10 staff all passed their CEMAP thanks to Brendan and they all provided excellent feedback on his style of training.

    Barry Fitzsimmons MA(Hons), DipPFS, Cert CII (MP)
    Independent Financial Adviser

    I Passed All Cemap Exams 1st Time

    I passed all CeMAP exams 1st time (majority distinction) with no revision aside from the tutelage under Brendan. 1st class!

    Craig Cooper CeMAP, CeRER
    Team Leader - Equity Release Support Advisor at Age Partnership

    THE Way to Learn CeMAP

    Brendan has a wealth of experience around financial services and Regulation and he delivers this with enthusiasm and good humour. His events are THE way to learn CeMAP.

    Simon Bailey
    Training & Development management professional

    I Would Recommend Brendan to Anyone

    Brendan is a great trainer, with the ability to keep the content relevant and engaging. I would recommend Brendan to anyone looking to undertake any LIBF Mortgage Advice Qualifications.

    Emma Lower
    CEO at Lendology CIC

    Excellently Structured Training Programme

    I studied for all my CeMAP qualifications through Brendan’s tutoring course. I passed all my exams first time with majority distinctions. I have no doubt this was due to his excellently structured training programme, which broke down the jargon and made the whole thing engaging and enjoyable.

    Mark Dickson
    Principal at Dickson Financial

    Recognised CeMAP® Learning Support Provider

    Recognition Statement
    This learning support is recognised by The London Institute of Banking & Finance as being an appropriate additional resource for students undertaking its CeMap qualifications

    Choosing a CeMAP® Training Company

    There are plenty of firms offering CeMAP® training in the UK, but the vast majority of their trainers have no teaching qualifications or experience. Isn’t that a bit of a concern, especially when some of them are charging over £1,000 per course?