Recommendations & Conclusions
4 items
11
Recommendation
Third Report - Delivering effective fin…
Rejected
A cross-curricular approach in which aspects of financial education are taught in various subjects across the curriculum helps pupils to understand its relevance in different contexts. It also has the benefit of offering students some form of financial education, whatever their subject preferences may be. This approach, however, can lead …
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A cross-curricular approach in which aspects of financial education are taught in various subjects across the curriculum helps pupils to understand its relevance in different contexts. It also has the benefit of offering students some form of financial education, whatever their subject preferences may be. This approach, however, can lead to a lack of coherence in what is taught between subjects. A financial education co-ordinator would provide their school with a more coherent programme of study and clarity over curriculum requirements.
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Government response AI summary
The government declines to mandate or provide guidance for financial education coordinators, stating that schools are free to make such decisions themselves and referring to existing Maths Hubs. Broader curriculum changes will be considered following the Curriculum and Assessment Review.
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Department for Education
12
Recommendation
Third Report - Delivering effective fin…
Rejected
We welcome the Money and Pension Service’s guidance on financial education, which sets out the benefits of appointing a financial education lead. Whilst we agree with Minister Hinds that each school is best placed to decide how to implement its financial education programme, we believe that providing schools with more …
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We welcome the Money and Pension Service’s guidance on financial education, which sets out the benefits of appointing a financial education lead. Whilst we agree with Minister Hinds that each school is best placed to decide how to implement its financial education programme, we believe that providing schools with more detailed guidance on appointing and supporting a financial education co-ordinator, should they choose to do so, would enable school leaders to make more informed decisions about creating and developing this important role.
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Government response AI summary
The government explicitly states it has no plans to produce detailed guidance for schools on appointing and supporting financial education leads, maintaining that schools are best placed to make such decisions independently.
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Department for Education
13
Recommendation
Third Report - Delivering effective fin…
Rejected
We recommend that each school or Multi-Academy Trust (MAT) should consider having a financial education lead, who may be a teacher of mathematics, PSHE or citizenship, to co-ordinate financial education across the school curriculum. The Government should produce detailed guidance for MATs, teachers and school Delivering effective financial education 27 …
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We recommend that each school or Multi-Academy Trust (MAT) should consider having a financial education lead, who may be a teacher of mathematics, PSHE or citizenship, to co-ordinate financial education across the school curriculum. The Government should produce detailed guidance for MATs, teachers and school Delivering effective financial education 27 leaders on how best to appoint and support financial education leads. It should also consider the case for providing subject knowledge enhancement (SKE) and continuing professional development (CPD) to support such a role. (Paragraph 46) Supporting teachers to deliver financial education
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Government response AI summary
The government stated that it is up to schools and MATs to decide how to teach finance and deploy staff, so they are free to designate a financial education lead. However, the government explicitly stated it has no plans to produce guidance to support the …
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Department for Education
18
Recommendation
Third Report - Delivering effective fin…
Rejected
The Department for Education should ensure that training in financial education is available to all teachers beginning their careers through initial teacher training provision, and that continued professional development opportunities and subject knowledge enhancement (SKE) in financial education are available and accessible for all teachers. The Department should ensure that …
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The Department for Education should ensure that training in financial education is available to all teachers beginning their careers through initial teacher training provision, and that continued professional development opportunities and subject knowledge enhancement (SKE) in financial education are available and accessible for all teachers. The Department should ensure that appropriate financial education options are included in both the Early Career Framework and the suite of national professional qualification (NPQ) courses. (Paragraph 65) Evaluating financial education
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Government response AI summary
The government stated that ITT providers determine their curriculum, and while financial literacy may be included, it does not prescribe it or commit to including it in the ECF or NPQs. It highlighted a completed £1.1 million grant programme from the Money and Pensions Service …
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Department for Education