Personal Finance Education Group chief executive Tracey Bleakley wants the Money Advice Service to outsource a £50m five-year programme to embed financial education in the national curriculum.
In February, the FSA doubled the MAS’s annual budget to £86.8m in 2012/13, with £46.3m to be used to deliver “money advice” and £40.5m for debt advice.
Speaking to Money Marketing, Bleakley says Pfeg wants the MAS to consider issuing a tender worth £5m-£10m a year so a body such as Pfeg can bring financial education into the national curriculum over five years.
She says: “The MAS’s remit starts at 16 but we believe financial education needs to start in schools at four.
“The MAS has a very big budget and we believe some should be used to fund introducing financial education into schools.”
Pfeg, a charity, had its central Government funding removed in 2010 and had to make 75 per cent of its staff redundant.
An MAS spokeswoman says: “We are concluding our research into provision of financial education and will be making proposals based on these findings over the summer.”