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School of thought on personal finance

Personal finance is set to be taught to secondary school pupils under a new programme set up this week by the Personal Finance Edu-cation Group with the endorsement of FSA chairman Howard Davies.

The Excellence and Access campaign will see 128,000 children in 400 secondary schools get personal finance education over the next four years. It will be aimed at pupils aged between 11 and 16, starting with basic ideas such as repaying credit cards and mortgages. As they get older they will be introduced to more complicated concepts such as equities and how to seek out financial advice.

AITC director general and PFEG chairman Daniel Godfrey says: “Excellence and Access will give young people the confidence to make independent and informed decisions.”

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