ifs University College has today welcomed the publication of the latest report from the All Party Parliamentary Group on Financial Education which sets out a range of proposals for enhancing young people’s financial capability.
Commenting on the report, Alison Pask, Vice Principal for Financial Capability & Outreach said:
“The report makes it clear that it’s far from ‘job done’ where financial capability provision in schools is concerned. Incorporating financial education into the subject curriculum at a young age, coordination across the board and introducing impact measures are all steps in the right direction.
“However, our experience in delivering financial education to more than 20,000 young people annually in 500 schools is that the success of such schemes depends largely on individual champions in those schools – once they move on it’s all too easy for financial education to slip down the agenda.
“ifs University College strongly believes that if the government is serious about educating our young people to manage their finances then it needs to establish a national ‘gold standard’ in financial education and invest in training teachers to ensure they have the capabilities to deliver this.”
Find out more information about ifs and about the Financial Capability qualifications.