financial education

Understanding how to embed and scale effective financial education professional learning Evidence shows that learning and experiences in childhood are important influences on being able to manage and make the most of money in life. As such, teachers (alongside parents) play a key role in providing opportunities for young people to engage and learn about money, shaping their financial...

 Currently, only 48% of the UK’s children and young people receive a meaningful financial education. The Money and Pensions Service (MaPS) works with stakeholders as part of our role in coordinating the UK Strategy for Financial Wellbeing, to encourage an uplift in the delivery and impact of financial education for children and young people over the next eight years. One of our national...

Speaker: Money and Pensions Service (MaPS) chair Sir Hector Sants Just over two years ago, the Money and Pensions Service (MaPS) made its first major strategic intervention into helping people manage their money. In January 2020 we launched the UK’s first ever national Financial Wellbeing Strategy. Our UK strategy was developed with the explicit support of government. It drew upon...

Understanding how to scale the delivery of effective financial education for young people Evidence suggests that ‘just in time’ financial education can be particularly effective for young people before they embark into financial independence. However, in the UK, less than half of secondary school age children (42%) recall learning about...

New financial education guidance for primary and secondary schools in England has been launched today, with the support of the Department for Education (DfE). The guidance, which has been developed by the Money and Pensions Service (MaPS) in its role as coordinator of the 10-year UK Strategy for Financial Wellbeing, is aimed at encouraging conversations about money in the classroom by setting...

The UK Strategy for Financial Wellbeing sets a national goal to ensure that two million more children and young people across the UK receive a meaningful financial education by 2030. This guidance, supported by the Department for Education, aims to support both primary and secondary schools to play their part in achieving this goal. Developed for school leaders, subject leads and...

Almost a third (31%) of parents and carers don’t talk to their kids openly about money – missing out on an opportunity to help with children’s vital early understanding of money Parents who are very confident managing everyday finances twice as likely to talk money with kids This Talk Money...

To help support UK Strategy for Financial Wellbeing goal of two million more children and young people receiving a meaningful financial education by 2030, the Money and Pensions Service (MaPS) facilitated a workshop with subject matter experts to explore how the financial capability of 4, 5 and 6 year olds and their carers can be measured. We know that children start to learn vital money...

Many people who need help with their money are unaware of, unable or unwilling to receive support. Evidence suggests that people can be effectively reached and engaged with money help through other familiar channels and systems. Our Savings and Credit Pathfinders Programme aimed to design and explore ways to do this in practice and at scale, funding twelve projects across three...

Submission by the Money and Pensions Service to the All Party Parliamentary Group on Financial Education inquiry into the provision of primary financial education. Download the evidence

Financial education Professional Learning for Teachers in Wales: pathfinder evaluation

The Children and Young People Financial Education Innovation and Evaluation Programme

Financial Inclusion Summit – 15 February 2022

Financial education for 16 and 17 year olds: pathfinder evaluation

New guidance launched to help schools improve children’s money skills

Financial education guidance for primary and secondary schools in England

Up to 4 million parents keep mum on money matters

Measuring 4, 5 and 6 year olds’ financial capability: summary of workshop discussion

The Savings and Credit Pathfinders Programme – evaluation report

Consultation response | Evidence submitted by the Money and Pensions Service to the APPG on financial education’s inquiry

Managing money in uncertain times