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FINANCE EDUCATION TO BE BOLSTERED
Released 26/08/2008
£10m for for integrated financial education in schools
New resources and support for teachers will be provided under a £10 m government programme to deliver integrated financial education in schools which goes live this September.
Developed in response to the growing need to prepare children for their financial future, financial education programme My Money will be delivered by a consortium led by the charity pfeg (personal finance education group). The programme will run from 2008 to 2011. It will be the first programme to provide a completely joined-up approach to financial education from when a child first starts school, through the transition to working life or further and higher education.
The move comes at the same time as changes to the secondary school curriculum from the autumn which see ‘economic wellbeing and financial capability' become a strand of Personal, Social, Health and Economic (PSHE) education. In addition, financial capability will feature within the new secondary curriculum for mathematics, integrating practical money skills into lessons.
A team of regional consultants across the country will work collaboratively with local authorities and schools to build and deliver a programme of fun and dynamic resources, lessons and activities. Over the summer, the consortium is undertaking a detailed audit among local authorities, teachers, parents and children, and reviewing all current resources, to inform the development of new classroom materials. The programme will also feature a high-profile national My Money Week, encompassing exciting whole-school activities to engage pupils, parents and teachers.