New guidance has been launched for teachers and co-ordinators of Citizenship on how to deliver the financial education elements of the new National Curriculum, thanks to a partnership between pfeg (Personal Finance Education Group)and the Chartered Institute for Securities & Investment (CISI). The move comes as financial education begins to be taught in Key Stage 3 and 4 Citizenship lessons across England as part of the new National Curriculum. This follows pfeg's merger into Young Enterprise; a move which creates a one stop hub of resources and activities for students and teachers and makes Young Enterprise the UK's leading enterprise and financial education charity.
The partnership between pfeg and CISI, the professional body for the securities and investment industry, has seen them work together to produce and disseminate the guidance for teachers across the country. The free resource is fully linked to the new National Curriculum programmes of study and will be produced using the expertise gained from pfeg's 14 years of supporting teachers in schools across the UK.
In addition, the resource includes classroom activities and links to other elements of financial education taught in mathematics and PSHE education. It has been developed with the help of an Advisory Group established by pfeg, incorporating representatives from across the Citizenship teaching community with whom the charity has worked closely to support teachers in the run up to this month's changes.
Michael Mercieca, Chief Executive of Young Enterprise said:
"Positioning financial education in Citizenship provides a golden opportunity to improve financial capability in the UK. Sitting alongside our existing free resources, advice and support, we hope this new guidance will prove invaluable to teachers of Citizenship as they begin to deliver the high quality financial education that young people need."
Ruth Martin, CISI Managing Director said:
"In developing this resource our aim with pfeg has been to produce guidance which will help teachers to bring alive the substance of financial education and make it relevant to every child in Key stages 3 and 4."
From 1 September 2014, secondary state schools in England were given a clear mandate to include financial education within mathematics and citizenship. This move follows years of campaigning by MP's and peers in the All Party Parliamentary Group on Financial Education for young people, pfeg, the financial education community and MoneySavingExpert.com's, Martin Lewis.
Last year pfeg partnered with NatWest to launch 'Introducing Financial Mathematics' – a new resource to support mathematics teachers with the new National Curriculum's financial education elements in the secondary mathematics programmes of study. After a highly positive reception to this resource, the charity's new partnership with CISI aims to support Citizenship teachers in the same way.