There is a groundswell of public opinion that all young people should be able to learn about how to manage their money and make sensible financial decisions. pfeg's work with government and policy makers resulted in the All Party Parliamentary Group on Financial Education for Young People’s call for financial education to be a compulsory part of every school’s curriculum.
pfeg works with parliamentarians and the civil service to ensure that financial education is raised frequently in the House of Commons - working with individual parliamentarians, Select Committees and All Party Parliamentary Group providing information and briefings for debates and parliamentary questions.
The All Party Parliamentary Group on Financial Education for Young People
pfeg provides the secretariat for the popular All Party Parliamentary Group on Financial Education for Young People. The group currently chaired by Julian Knight MP, launched in January 2011. It has since grown to be one of the largest groups of its type within parliament, with almost 200 members and a raft of supporting organisations. The purpose of the group is to provide a medium through which MPs, Peers and organisations with an interest in financial education, can:
- discuss the current provision of financial education in schools and colleges
- ensure young people are equipped to make informed financial decisions
- help make resources and qualifications available to young people in education
- support schools in the delivery of financial capability
- encourage the introduction of a requirement on schools and colleges to provide financial education.
The Primary and Secondary strand of the group launched an inquiry in to Financial Education in the Curriculum in March 2011. The inquiry report was launched in December 2011 - read more information and the full report. Find out more and download the report.
To complement the inquiry into Financial Education and the Curriculum, the Further Education strand also launched an inquiry into the provision of financial education in further education institutions. The report was published in September 2012. Find out more and read the full report.
The Vulnerable Young People strand ran an inquiry into the provision of financial education outside of mainstream education. The report was published in October 2013. Find out more and download the full report. Find out more and read the full report.
With financial education introduced into the English secondary national curriculum, the APPG held an inquiry into the impact and effectiveness of financial education. The inquiry – the first of the new Parliament – was published in May 2016. Find out more and read the full report.
How to get involved
To find out more or to express interest in becoming a supporting organisation, please contact email@example.com or 020 7330 9470.
- Chair: Julian Knight MP (Con)
- Nic Dakin MP (Lab)
- Drew Hendry MP (SNP)
- Marion Fellows MP (SNP)
Higher Education Spokesperson: Martin Lewis OBE
Supporters of the APPG's aims
Supporters of the aims of the group range from MPs and financial education organisations to key personal financial experts:
•Action for Childen
•Association of British Insurers
•Association of Business Recovery Professionals
•Association of Colleges
•Association of Teachers & Lecturers (ATL)
•Bank of America Merrill Lynch
•Barclays Bank PLC
•British Bankers' Association
•British Youth Council
•Carleton Financial Planning Ltd
•Capital One Bank (Europe) plc
•Christians Against Poverty
•City Pay it Forward
•Consumer Finance Association
•Debt Advice Foundation
•Ecology Building Society
•Economics, Business and Enterprise Association (EBEA)
•Finance & Leasing Association
•Financial Skills Partnership
•HSBC Bank plc
•ifs School of Finance
•Institute for Citizenship
•Institute for Credit Management
•Investment Management Association
•Learn About Finance
•Lloyds TSB Group plc
•Money Advice Service (formerly Consumer Financial Education Body)
•Money Advice Trust
•NASMA (National Association of Student Money Advisers)
•National Association for Managers of Students Services in Colleges
•National Foundation for Educational Research
•National Numbers Partners Consortium
•Nationwide Building Society
•NUS (National Union of Students)
•Prudential UK and Europe
•School Councils UK
•Specialist Schools and Academies Trust
•Standard Life plc
•The Association of Investment Companies
•The Chartered Institute of Payroll Professionals
•The Co-operative Financial Services
•The Money Charity
•The National Skills Academy for Financial Services (NSAFS)
•The Royal Bank of Scotland
•The Share Centre
•The UK Cards Association
•Trading Standards Institute
•University and College Union
Please note the APPG has in the past received funding from pfeg and MoneySavingExpert.com and the Money Advice Service. The Vulnerable Young People strand’s inquiry has been made possible thanks to the support of Lloyds Banking Group. The APPG does not receive financial benefit of any kind from any other organisation listed above.