In a past role, with a previous employer, I was one of several people in the industry who suggested that kids should be taught about financial services in school (think it was back in 1999, when we were discussing the Government's proposals for stakeholder pensions).
It seemed like a good idea at the time. It still does for many people in our industry. But yesterday morning, during my first brew of the day, I watched a load of teenagers open their GCSE results on BBC breakfast news. One lad got very excited and read out his entire list of results…B in this…C in that…B in this…A in this…B in this…ten minutes later (or it felt like that) he said “and a B in statistics”. Eh? What is this ‘statistics’ exam then? I asked Mrs M before departing Milburn Towers. She said that our old maths ‘O’ level exam is now split into a number of different GCSE exam...
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