HE external matters
The Office for Students (OfS) is the independent regulator of higher education in England.
OfS aims to ensure that every student, whatever their background, has a fulfilling experience of higher education that enriches their lives and careers.
Their work covers all students whether undergraduate or postgraduate, national or international, young or mature, full-time or part-time, studying on a campus or by distance learning.
In April 2023, LIBF Limited gained recognition as an Approved (Fee Cap) higher education provider on the OfS register. This recognition is gain following a rigorous assessment process where a provider is assessed on their adherence to good practice around:
A. Access and participation for students from all backgrounds.
B. Quality, reliable standards, and positive outcomes for all students.
C. Protecting the interests of all students.
D. Financial sustainability.
E. Good governance.
F. Information for students.
G. Accountability for fees and funding.
As an Approved provider, LIBF Limited (trading as LIBF) has taught degree awarding powers. More information about the Office for Students, their conditions of registration, information for students and stakeholders and LIBF’s listing on the OfS’ Register can be found on the OfS’ website.
Quality Assurance Agency (QAA)
Heritage
The London Institute of Banking & Finance has had degree awarding powers since 2010. These powers were superseded by the sale (and transfer) of the educational activities of The London Institute of Banking & Finance to IU Group and which are now being delivered by LIBF Limited. LIBF Limited has taught degree awarding powers and is an Approved (Fee Cap) higher education provider.
Quality Assurance reviews
Prior to registration with the OfS, The London Institute of Banking & Finance was subject to annual monitoring by the Quality Assurance Agency (QAA). Future QAA reviews are now embedded within OfS regulatory processes and scheduled accordingly.