About pfeg

pfeg (Personal Finance Education Group) is the UK's leading finance education organisation helping schools to plan and teach financial capability relevant to students' lives and needs Secondary - boys playing stockmarket challenge

Our mission

pfeg (Personal Finance Education Group) is an independent charity helping schools to plan and teach personal finance relevant to students' lives and needs. Our mission is to ensure that all young people can have financial education – giving them the skills, knowledge and confidence in money matters to thrive in our society.

 

pfeg provides free support, resources and expert consultancy to make learning about money easy. We know that each school or college is unique, and we know our approach works as more and more schools are coming to pfeg for support every day.

 

pfeg also works with government, opinion formers and key bodies and campaigns for consistent, quality finance education for children and young people across the UK. We are not affiliated to any one organisation and do not market or sell any financial products or services.

 

Watch a three minute film introducing pfeg and financial education.

Why we're here

pfeg was set up in 2000 to promote the need for high quality financial education in schools given the complex financial decisions that today's young people will face as they grow up. Children and young people encounter money earlier and earlier, from spending and saving their pocket money to pre-paid cards.

 

On leaving school, student loans, getting a job and setting up home alone are just some of the issues they will face.

 

To make sense of the options open to them in adult life, become responsible consumers and plan ahead, children and young people need to learn to manage money - now.

Who we work with

pfeg receives cross sector support from education, business and government. We work in partnership with private and public sector organisations with our funding coming primarily from the finance sector. We will not work with any organisation wishing to promote or market financial products or services.

 

Our funders and supporters include financial sector trade organisations, banks and building societies, and consumer bodies. pfeg has forged successful partnerships with various organisations to fund specific resources and initiatives, but always retains its independent status.

What we offer

pfeg supports practitioners in planning and teaching financial education with confidence.  We aim to provide schools and teachers with resources and support free of charge and are particularly proud that we can offer the following:

  • Teaching resources, video clips and case studies – free to order or download
  • The pfeg Quality Mark is a trusted sign of excellence for personal finance resources
  • My Money Week 2012 to be held 25th June – 1st July 2012 (resources from previous years available to download)
  • pfeg Advisory Service – telephone and e-mail support from experienced personal finance education consultants
  • A termly e newsletter
  • UseYourExpertise – volunteers from the finance sector providing added value for financial education in schools.
  • Innovative projects - see Our work in education for our current portfolio
Children on average, begin to receive pocket money at the age of seven.* pfeg research conducted by Populus, February 2009
Nine in ten teenagers say they worry about money on a daily basis**pfeg research conducted online amongst 1,008 pupils aged 14-18 by EdComs between 6-18 January 2007
Over half of England’s teenagers have been in debt by the time they are 17**pfeg research conducted online amongst 1,008 pupils aged 14-18 by EdComs between 6-18 January 2007
42% of children prefer to store their money in a piggy bank**source: pfeg and HSBC online poll in primary schools conducted by EdComs, July 2007
The average age at which children first have their own mobile phone is eight* pfeg research conducted by Populus, February 2009
One in five children has used their parents’ or older siblings’ credit or debit card to purchase items online.* pfeg research conducted by Populus, February 2009
26% of teenagers think that overdrafts are for ‘overspending’**pfeg research conducted online amongst 1,008 pupils aged 14-18 by EdComs between 6-18 January 2007
66% of Britons believe financial lessons would have given them the knowledge to deal with today’s financial challenges.*#*Primary research conducted by YouGov during 29-31st May 2007 among a representative sample of 2,296 GB adults (aged 18+)# Based on UK adult population of 45,731,000 according to ONS population data
54% of teenagers are interested in learning about saving**pfeg research conducted online amongst 1,008 pupils aged 14-18 by EdComs between 6-18 January 2007
On average, children purchase items online from the age of ten.* pfeg research conducted by Populus, February 2009
51% of teenagers said they would like to learn how to control their spending**pfeg research conducted online amongst 1,008 pupils aged 14-18 by EdComs between 6-18 January 2007
23% of teenagers tend to think of overdrafts as easy ways to spend more than they earn** (pfeg research conducted online amongst 1,008 pupils aged 14-18 by EdComs between 6-18 January 2007)
The average weekly amount of pocket money received by children is £6.32* pfeg research conducted by Populus, February 2009
More than three quarters of 7-11 year olds are already saving for the future**source: pfeg and HSBC online poll in primary schools conducted by EdComs, July 2007
93% of teachers and parents think that personal finance education should be taught in schools**Online poll conducted by YouGov on behalf of The Association of Investment Companies, January 2007