England, United Kingdom
The organisation most closely involved with the delivery of financial education resources and support to schools in England is the Personal Financial Education Group (pfeg). Pfeg is an independent charity helping schools to plan and teach personal finance relevant to students' lives and needs. Pfeg was founded in 2000 and receives funding from a variety of supporters in Government, the statutory sector and the financial services industry. In 2010, there were five regional pfeg offices established in London and the South East, the North West, the North East, South West and Central England with more than 20 full-time expert consultants and 26 freelancers working with schools to plan and deliver financial education.
From June 2008 until March 2011, pfeg ran the My Money programme, developed and delivered for all schools in England on behalf of the Department for Children, Schools and Families (DCSF, now replaced by the Department of Education, DfE). It was the first project to provide an integrated approach to personal finance education from when a child first starts school through to the end of secondary school. Within the framework of this project, the programme provided local authorities with support and training to help them to get personal finance into every school in their care and would also give schools access to high quality teaching resources and information across the primary and secondary sectors to help children and young people learn what they need to know to manage their money well.
There is so far no dedicated government funding for teacher training or continuing professional development relating to financial education in England. The charity pfeg however works in consultation with the Department for Education (DfE) to provide initial teacher training, continuing professional development, resources and support to teachers through a number of programmes with the support of several financial services organisations and grant funders. In addition, the education regulatory body Ofsted is currently putting together a guide for teachers on PSHE to provide teachers with a range of examples to inform teaching. The pfeg website provides case studies showing how teachers in different types of school and learning contexts can integrate financial literacy into their own school curriculum. The case studies explore both timetabled curriculum lessons and various ‘off timetable’ enrichment days (for example, enterprise day).
Pfeg’s Volunteer Network brings together volunteers with expertise in the financial services industry with teachers in the classroom. Since its inception in 2006, teachers and students have found it valuable to be able to draw on the volunteers’ specialist knowledge and experience.