Recommendations & Conclusions
5 items
5
Recommendation
Third Report - Delivering effective fin…
Accepted
Financial education is crucial for 16-to-18 year-olds, many of whom are transitioning into the workplace, paying taxes, considering applying for a student loan, and living away from home for the first time. Yet it is post-16 students who miss out on any form of compulsory financial education. Providing post-16 students …
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Financial education is crucial for 16-to-18 year-olds, many of whom are transitioning into the workplace, paying taxes, considering applying for a student loan, and living away from home for the first time. Yet it is post-16 students who miss out on any form of compulsory financial education. Providing post-16 students with a comprehensive financial education as part of its plans to continue maths education to the age of 18 should be a priority for the Government. Recruiting and retaining a sufficient number of teachers to teach mathematics is already a challenge but Government must address if it is to expand the delivery of mathematics to the age of 18. (Paragraph 28) 26 Delivering effective financial education
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Government response AI summary
The government stated that existing financial education qualifications and pathways are available for 16-19 year-olds, and the Curriculum and Assessment Review (CAR) will determine future pathways. Regarding teacher recruitment, it outlined current financial incentives, bursaries, and scholarships to address shortages, effectively pointing to ongoing efforts.
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Department for Education
14
Recommendation
Third Report - Delivering effective fin…
Accepted
There is no shortage of financial education teaching materials, yet the evidence tells us that these materials are often unsuitable, the sheer quantity is unhelpful to teachers looking for appropriate resources and that, consequently, they are not being utilised in schools. Whilst it is right that schools should be able …
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There is no shortage of financial education teaching materials, yet the evidence tells us that these materials are often unsuitable, the sheer quantity is unhelpful to teachers looking for appropriate resources and that, consequently, they are not being utilised in schools. Whilst it is right that schools should be able to determine which materials they use to teach financial education and that the Government should not prescribe which books and resources ought to be used in schools, we believe that the Department can and should make the process of finding and selecting high-quality financial education teaching materials easier for teachers.
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Government response AI summary
The government will consider the suitability of teaching support after the CAR outcomes, but highlights existing central support, including Money and Pensions Service guidance, the Financial Education Quality Mark, Oak Academy resources, HMRC's Tax Facts, and Home Office materials, to help teachers find high-quality resources.
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Department for Education
15
Recommendation
Third Report - Delivering effective fin…
Accepted
The Department for Education, working with subject associations, professional bodies, the Money and Pensions Service, and other government departments, should curate and promote a selection of high-quality financial education teaching materials and make these easily accessible to teachers and pupils.
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The Department for Education, working with subject associations, professional bodies, the Money and Pensions Service, and other government departments, should curate and promote a selection of high-quality financial education teaching materials and make these easily accessible to teachers and pupils.
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Government response AI summary
The government states it will consider further teaching support suitability after the CAR outcomes but details existing collaborations with the Money and Pensions Service and other departments to signpost and quality assure resources, including the Financial Education Quality Mark, Young Money Resource Hub, Oak Academy …
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Department for Education
16
Conclusion
Third Report - Delivering effective fin…
Accepted
Providing teachers with opportunities for appropriate teacher training and continued professional development in financial education has clear benefits for both teachers and pupils. However, there are various factors, including workload pressures, which preclude many teachers from accessing financial education training and development opportunities. We welcome the investment made by the …
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Providing teachers with opportunities for appropriate teacher training and continued professional development in financial education has clear benefits for both teachers and pupils. However, there are various factors, including workload pressures, which preclude many teachers from accessing financial education training and development opportunities. We welcome the investment made by the Money and Pensions Service to explore the types of training that are most suitable for teachers and how these can be embedded more effectively.
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Government response AI summary
The government acknowledges the importance of teacher training in financial education by referencing existing frameworks like the ITT Core Content and ECF. It also highlights the successful Money and Pensions Service grant programme, which invested in and evaluated teacher support for financial education.
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Department for Education
17
Recommendation
Third Report - Delivering effective fin…
Accepted
Training in financial education must be offered at an early stage of a teacher’s career through initial teacher training (ITT). Incorporating financial education training from an early stage provides teachers with a foundation on which they can build their knowledge, skills and confidence in the subject. Training opportunities should be …
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Training in financial education must be offered at an early stage of a teacher’s career through initial teacher training (ITT). Incorporating financial education training from an early stage provides teachers with a foundation on which they can build their knowledge, skills and confidence in the subject. Training opportunities should be continuously available and well signposted throughout a teacher’s career.
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Government response AI summary
The government states it does not prescribe ITT curriculum content, leaving it to accredited providers. However, it highlights existing support for financial education training through the Money and Pensions Service grant programme, which demonstrated positive outcomes for teachers and pupils.
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Department for Education