The FSA have stepped in to help primary teachers improve standards of personal finance education in schools in line with new National Curriculum requirements.
Research from Loughborough University has identified huge gaps between children form rich and poor background's awareness of financial institutions.
Children from low income households are aware of budgeting in the home and understand the consequences of running out of cash.
Those from more privileged backgrounds are less exposed to financial realities, but more aware of alternatives to cash such as credit cards and cheques.
The FSA intends to run an annual rolling programme of education conferences to meet its statutory objective of promoting public understanding of the financial system and to help children take financial skills into their adult lives.