NatWest launches personal finance education programme

13 February 2014

NatWest has joined forces with a leading financial education charity to launch a new teacher training programme, helping drive the introduction of personal finance education in the UK.

From September, pupils at schools in England will be taught the basics in how to look after their money as financial education is being added to the National Curriculum.

The charity Pfeg (Personal Finance Education Group), which has been campaigning for financial education to be introduced to the classroom, has put together a new programme that will see them provide teachers with the knowledge they need to deliver the course.

It will work with 10 Initial Teacher Training (ITT) centres across England, benefitting 400 student teachers in the next two years and another 2,000 in the following three years.

Pfeg chief executive Tracey Bleakley said: "ITT is a critical component of our work to ensure that young people gain the maximum benefit from financial education's new place in the National Curriculum. As well as providing free support, advice and resources to existing teachers, our aim is to make financial education an integral part of the training that future generations of teachers go through at the beginning of their professional lives.

"Our new partnership with NatWest will ensure that thousands of new secondary mathematics teachers are given the skills they need to hit the ground running in the teaching of financial mathematics in the classroom. This will benefit tens of thousands of students over the next few years and countless more throughout these new teachers' careers."
Les Matheson, NatWest UK Retail Ceo, said: "We're delighted to work with pfeg to launch the new ITT programme to help equip future generations of secondary school mathematics teachers to deliver financial education to their students.

"We've been delivering free, impartial, financial education in schools for over 20 years. It's important to teach a new generation of children to be smarter and more informed about banking and money, which is something we're fully committed to at NatWest."

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