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Latest NewsEducation - schoolRecruitment & retention

Financial Services Practitioner Panel calls for financial education to be added to national curriculum

by Greg Pitcher 23 May 2007
by Greg Pitcher 23 May 2007

The government has been urged to add financial education to the nationalĀ curriculum to improve the skill levels of City job candidates.

Financial sector experts said that the subject should be put on equal footing with geography and modern languages in schools.

TheĀ Financial Services Practitioner Panel said in its 2006-07 annual report: ā€œThe Panel has always felt that the most effective way to make significant progress on financial capability would be through appropriate amendments to the national curriculum – a point it put strongly to the economic secretary to the Treasury, Ed Balls, when it met with him in early 2007.ā€

Financial education charity the IFSĀ School of Finance backed the call, saying financial competence was a vital life skill.

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Anne Kiem, IFS director of external affairs, said: ā€œWe are pleased that the Financial Services Practitioner Panel has called for financial education to become part of the national curriculum.

ā€œRaising the status of the subject in this way would lead to a step change in the number of young people leaving school equipped to make informed financial decisions.ā€

Greg Pitcher

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