Over two thirds of teachers find personal finance difficult to teach, according to a survey from the...
Over two thirds of teachers find personal finance difficult to teach, according to a survey from the Britannic Group.
Teachers admitted they found a number of areas challenging with 77% claiming that they did not have a sufficient understanding of the Euro.
This research reinforces Ron Sandler's review into the long-term retail savings industry which revealed the pressing need for the Government to set aside more funding for consumer education.
Of the 661 UK secondary school teachers who were surveyed in July 2002, 65% believed their pupils were more worried about financial issues now than they were ten years ago.
With the current savings gap and need to educate the next generation, companies like Britannic Assurance have been quick to create interactive learning resources on financial topics and products for schools. Britannic Street which is an interactive resource aimed at 14 to 16 year olds has had an 81% take-up in schools across the UK.
The Personal Finance Education Group (PFEG), a group aiming to promote financial education in schools and funded by the main financial institutions, has welcomed and indeed endorsed the product to facilitate consumer education.
Nine in 10 do not have income protection
Set to become part of Single Financial Guidance Body
Also plan to scrap NI on contributions
Eight-week high against US dollar
Lower cost option for advisers