Recognition of Prior Learning (Experiential)
Claim form
For the recognition of prior learning that can be used against units/awards of the Professional Diploma in Banking & Finance and
Advanced Diploma in Banking & Finance (designation). All claims for Recognition of Prior Learning are processed in accordance
with our RPL Policy and procedures. Please note that an RPL claim is subject to a fee, details of which can be found here
The London Institute of Banking & Finance is a registered charity, incorporated by Royal Charter.
1
GUIDANCE
What do I need to do?
Please complete this form to claim recognition of the prior learning
you wish to count towards the Professional Diploma in Banking &
Finance and/or Advanced Diploma in Banking & Finance
(designation). The information that you provide will enable us to
assess whether your experiential learning can be recognised and
therefore contribute towards the Professional Diploma in Banking &
Finance or the Advanced Diploma in Banking & Finance.
You are asked to reflect on the learning and development that has
taken place as a result of applying in practice your prior formal
learning and experiential learning in your work role(s).
There are two parts you need to reflect on:
• How you have applied prior formal learning in practice and
learned from professional experience
• How you have maintained your knowledge and skills and keep
up-to-date with evolving practices, regulation and products in
your business area
Why do I need to complete a claim?
If your claim is successful, your learning will be formally recognised
and count towards the requirements of the Professional Diploma in
Banking & Finance or the Advanced Diploma in Banking & Finance.
This will avoid unnecessary duplication of study and assessment
while completing your study of the relevant award.
How long will it take me to complete this claim?
Experience shows it will take approximately 10 hours to prepare and
write up this claim to the standard required.
How will my prior learning be recognised?
Prior learning that is recognised for the Professional Diploma in
Banking & Finance requires the achievement of learning that is
equivalent to units/awards at Levels 4 and 5 and is reviewed against
learning hours, level, content, learning outcomes and relevance to
the banking and finance sector.
Prior learning that is recognised for the Advanced Diploma in
Banking & Finance requires the achievement of learning that is
equivalent to units/awards at Level 6 and is reviewed against
learning hours, level, content, learning outcomes and relevance to
the banking and finance sector.
Before preparing to write your responses for pages 9-11 you should
familiarise yourself fully with the guidance on page 8 and the level
descriptors overleaf. It is very important that your responses
demonstrate that you have significant experience at the level for
which you wish to have your experiential learning recognised.
Your submission will be reviewed and if successful you will be
advised of the amount of recognition awarded to you and at what
level. You will then be required to make up any shortfall in the
qualification requirements via formal study with The London
Institute of Banking & Finance.
Recognition of your prior learning is likely to be described as
‘notional’ where it is banking and finance-related but the content
does not match an entire unit or award. However, where there are
significant content similarities, exclusions on your study options may
be put in place to prevent duplicate study.
If your experience and claim shows considerable experience at
Levels 4 and 5, you might be eligible to advance directly to the
Advanced Diploma in Banking & Finance.
Please note: no qualifications will be awarded solely on the basis of
this claim form.
How will I submit my claim?
• Please return your claim to Student Support Services
(enquiries@libf.ac.uk) who will also be happy to answer any
queries you have regarding completion of this claim.
• Please note that any supporting documentary evidence included
to support your claim should appear in appendices that are
referenced appropriately on page 12.
• Please note that if you have attained other relevant qualifications
from any other awarding body, we will need to see evidence of
these in the form of a ‘Certified’ copy before any exemption can
be applied. Similarly, if claiming credits based on a Degree
programme then you may be asked to provide a Transcript of
your degree and detailed specifications of modules taken.
• If you have completed in house training, we may approach your
learning team for confirmation of results achieved.
• It is useful to get your claim in as early as possible in case there is
a need to resubmit information.
• You will be advised of the outcome of your claim by email.
• The decision of The London Institute of Banking & Finance is final.
• A fee will be charged for administration and review of your credit
claim form.
What is the assessor looking for in this claim?
You are expected to demonstrate your achievement of both
knowledge and skills at the appropriate level within the Regulated
Qualifications Framework using a balanced dialogue between
descriptive and evaluative text. The recognition you are claiming is
positioned at Level 4, 5 or 6. The table overleaf shows descriptors
for each level and the criteria you are required to fulfil. It is
imperative that your responses are all your own work, presented in
your own words.
What happens if I fail?
You will have one attempt to re-submit your failed credit claim.
You will be provided with feedback if your claim fails and you will
have one re-submission attempt. A re-submission fee will apply.
Checklist
Please review your application carefully prior to submission to
ensure you have completed all sections of the form, provided the
required number of examples and the supporting evidence to
demonstrate your knowledge and skills.
Once your application is complete, please return your claim to
Student Support Services (enquiries@libf.ac.uk) or call if you have
any queries about this submission +44(0)1227 829499.