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School of thought

Editor’s comment of the week

Comment of the week relating to last week’s article, Pfeg wants MAS to fund financial education in schools

As a financial volunteer with Pfeg, let me say that it has previously carried out excellent work in bringing together people from across the financial services sector to deliver high quality assistance in schools.

It has also produced/vetted materials for use in the classroom where the schools want resources for themselves. It is a trusted “brand” that has been endorsed by both the PFS and the ICAEW. Quite why central funding was removed and sent over to the MAS is beyond me.

The most recent occasion I spent in school involved me delivering the same session (lasting around 90 minutes each time) to three classes of 30 10/11-year-olds, where we explored the concept of budgeting, planning current and future spending, the need to save, etc, all in a format which (according to the feedback I later received) they found engaging and which stimulated discussion.

If we can instil this at an early age, then surely UK Plc will benefit as a whole as well as the individuals we reach. The requirement for financial literacy to be taught already exists in the national curriculum at primary and secondary levels and it is a fantastic opportunity for us as a profession to lend our expertise to the school staff for whom this is just a small element of what they are asked to deliver. I, for one, hope that Pfeg gets the contract.

Christopher Bearfoot

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