SVQ Providing Financial Services

SVQ Providing Financial Services

The Scottish Vocational Qualifications (SVQs) Providing Financial Services at SCQF level 5 and Providing Financial Services at SCQF level 6 provide learners with the skills that they will need for employment and/or further study.

The SVQ qualifications in Providing Financial Services are based on the National Occupational Standards (NOS) set and published by the Financial and Legal Skills Partnership (FLSP).

FLSP revised the standards and structures in 2013 after consultation with employers, chartered bodies and training providers.

These SVQs meet the new standards and cover the following areas:

They are available through employers and training providers.

Why deliver this qualification

These SVQs in Providing Financial Services offer qualifications to those already employed within the sector.

These SVQs will develop skills in Financial Services at an introductory/intermediate level.  Individuals will gain core competences required to work in Financial Services including knowledge to comply with regulations relevant to the sector.  Learners can undertake optional Units in an area suitable to their work role.

Candidates can progress to a range of courses at a higher level including HNC/HND Financial Services or professional body qualifications, allowing centres to retain or build student numbers.

These SVQs are offered in the workplace.

Who does this qualification suit

This SVQ is suitable for:

  • learners who may have just left school and started a Modern Apprenticeship programme
  • individuals who are currently in employment and who wish to obtain a formal qualification
  • employers who wish their employees to obtain short, continuing professional development courses

Access

Entry is at the discretion of the centre.

However, the recommended entry requirements are formal qualifications in Mathematics and English at SCQF level 4 or 5.

Examples of formal entry qualifications include:

  • Standard Grades 1–3 or Intermediate 1 or 2 in English and Mathematics
  • National 4 or 5 in English and Mathematics
  • Most employers will expect candidates to have a keen interest in financial and business affairs

Progression

These qualifications could provide progression to:

  • an HNC/HND in Providing Financial Services or a related area
  • an SVQ in Providing Financial Services at a higher SCQF level
  • Level 4 Technical Apprenticeship in Banking/Insurance/Professional Services
  • Professional body qualifications
  • Employment in the Financial Services sector, perhaps as a claims handling administrator, banking cashier or banking call centre adviser for SVQ 2 learners; and as a trainee underwriter, trainee broker, pension administrator or foreign currency adviser for SVQ 3 learners.

Approval

Centres with devolved authority for approval should use their own internal approval process.

Centres without devolved authority will have to come forward for approval and should contact SQA’s Business Development Team for guidance.

Assessors and verifiers must be able to meet SQA’s general requirements for technical/occupational competence as outlined in the Guide to Approval.

How to assess

For general information on how to assess this qualification, please refer to the document Guidance on how to assess SVQs.   For detailed guidance on how to assess this particular SVQ, please refer to the Assessment Strategy.

Qualification content and delivery tools

Current

Information about the qualification(s)

Qualification Structure

Group Award Code: GH5R 22

The SVQ level 2 Providing Financial Services at SCQF level 5 (130 KB) consists of six Units — three mandatory Units and three optional Units.

Group Award Code: GH5T 23

The SVQ level 3 Providing Financial Services at SCQF level 6 (180 KB) consists of seven Units — three mandatory Units and four optional Units.

For details of the Units making up the SVQs, please refer to the Qualification Structures.

National Occupational Standards

Core Skills signposting

Core Skills mapping is available on the SVQ subject page.

Modern Apprenticeships

These SVQs are mandatory components in the Modern Apprenticeship in Providing Financial Services at Levels 2 and 3 respectively. 

SQA also offers the following components of these Apprenticeships:

Core Skills (which need to be separately certificated).

Unit title

Level 2 MA

Level 3 MA

SCQF 4

SCQF 5

Core Skills: Numeracy

F42A 04

 

F42B 04

Core Skills: Information and Communication Technology

F42E 04

 

F42F 04

Information about delivery, assessment, quality assurance and support material

Assessment strategy

Assessor's guidelines

Blank Recording Forms

Assessor's Guidelines - 2014 Standards


Level: 2
Publication: DB6167
Edition: January 2014
Downloads:

Providing Financial Services SCQF level 5 (787 KB)

 

Level: 3
Publication: DB6168
Edition: January 2014
Downloads: Providing Financial Services SQCF level 6 (797 KB)

Candidate Guidance and Portfolio

Internal Assessment Reports

Network Events

November 2014 presentations

Lapsing

Information about the qualification(s)

Qualification Structure

Group Award Code: G9LK 22
SVQ Level 2 Providing Financial Services SVQ Level 2

Group Award Code: G9LG 23
SVQ Level 3 Providing Financial Services

These qualifications are being withdrawn and will not be available after 31 December 2013.  Centres should note:

  • These qualifications will be deleted from the relevant catalogue
  • These qualifications’ content and delivery tools will remain on SQA’s website until 31 December 2015 for SVQ 2 and 31 December 2017 for SVQ 3 at which point they will be removed and archived
  • No new centres may be approved to offer the qualifications
  • Centres should ensure candidates complete the qualifications and results are submitted
    to SQA before 31 December 2015 for SVQ in Providing Financial Services at level 2; and 31 December 2017 for SVQ in Providing Financial Services at level 3.

National Occupational Standards

Unit information for this qualification is available on our Accredited Qualification Unit Search.

Information about delivery, assessment, quality assurance and support material

Assessor's guidelines

Blank Recording Forms

Assessor's Guidelines - 2010 Standards


Level: 2
Publication: DB5384
Edition: June 2010
Downloads: Assessor Guidelines for SVQ Providing Finanical Services at level 2 (771 KB)

Level: 3
Publication: DB5385/2
Edition: January 2013
Downloads: Assessor Guidelines for SVQ Providing Financial Services at level 3 (830 KB)

Candidate Guidance and Portfolio

Candidate Recording Forms

There is no SVQ Portfolio currently available.

Candidate Disclaimer for SVQ Portfolio

Useful Links

Financial Services Career Information