Conservative Shadow Education Secretary David Willetts has backed the Institute of Financial Services School of Finance personal finance qualifications in a visit to a college offering the exams.
Willetts visited South Downs College in Havant to witness the A and AS level qualifications being taught.
The curriculum covers topics such as the origin of money, currency exchange, spending and saving, monitoring and managing money and understanding different methods of payment and their implications.
Willetts says: “By offering this worthwhile course, South Downs College is providing students with the ability to understand personal finance. The college should be commended for its efforts and I would encourage other schools and colleges to offer their students the same opportunities.”
South Downs College teacher Kerrie Morrison says: “The course has attracted a great deal of interest which shows the desire of young people to better understand personal finance. We completely agree with the IFS School of Finance that being financially capable is a crucial life skill and think that all young people should have the chance to become so.”
IFS School of Finance deputy chief executive Rachel Gosling says: “If policymakers want to equip future generations with the skills to properly manage their own finances, schools and colleges such as South Downs College are successfully proving exactly how this can be done.”