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58575

	registered interest
	date	05/06/2014
	answering body	Department for Education
	answering dept id	60
	answering dept short name	Education
	answering dept sort name	Education
	hansard heading	Financial Services: Education
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how they intend to ensure that financial education is taught, to a high standard, in non-state-maintained secondary schools.
	tabling member printed	The Lord Bishop of St Albans
	uin	HL100
	answer	answer is ministerial correction date of answer 16/06/2014 answer text <p>Independent Schools in England do not have to follow the national curriculum, though they do have to have a curriculum which gives pupils experience in linguistic, mathematical, scientific, technological, human and social, physical and aesthetic and creative education.</p><p>We will shortly be consulting on strengthening the standards which independent schools must meet, but there are no plans to introduce a requirement on financial education.</p> answering member printed Lord Nash question first answered 16/06/2014 11:40:30 answering member 4270 label Biography information for Lord Nash
	tabling member	4308 label Biography information for The Lord Bishop of St Albans

58576

	registered interest
	date	05/06/2014
	answering body	Department for Education
	answering dept id	60
	answering dept short name	Education
	answering dept sort name	Education
	hansard heading	Financial Services: Education
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what commitments they have made to provide adequate funding for the training that secondary mathematics and citizenship teachers will need to meet the new financial education requirements from September 2014.
	tabling member printed	The Lord Bishop of St Albans
	uin	HL101
	answer	answer is ministerial correction date of answer 16/06/2014 answer text <p>The Government is committed to developing a strong culture of professional development in schools for all national curriculum subjects, including citizenship and mathematics.</p><p>We have allocated £11 million to fund 30 new maths hubs to improve the quality of maths teachers from primary school onwards. This initiative will enable every school and college in England, from early years to the post-16 sector, to access locally-tailored and quality support in all areas of maths teaching and maths learning. To further support teachers, Liz Moorse from the Association for Citizenship Teaching is chairing an expert group on citizenship. The expert group will clarify the key areas in which teachers most need further support. The expert group will then liaise with relevant specialists and providers to develop and produce new resources where necessary.</p> answering member printed Lord Nash question first answered 16/06/2014 11:41:31 answering member 4270 label Biography information for Lord Nash
	tabling member	4308 label Biography information for The Lord Bishop of St Albans

92977

	registered interest
	date	13/10/2014
	answering body	Department for Education
	answering dept id	60
	answering dept short name	Education
	answering dept sort name	Education
	hansard heading	Financial Services: Education
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Education, what assessment she has made of the link between financial education in schools and sustainable and responsible investment practices.
	tabling member constituency	Portsmouth South
	tabling member printed	Mr Mike Hancock
	uin	210113
	answer	answer is ministerial correction date of answer 20/10/2014 answer text <p>While we have not made a formal assessment of the link between financial education and sustainable and responsible investment practices, our decision that personal financial education should be included in the citizenship national curriculum for key stage 3 and 4 is designed to help pupils manage their money. OECD research concluded that the new national curriculum meets all of the building blocks they recommend for a sound financial education in schools. Through this aspect of the curriculum pupils should develop their knowledge and skills so they can make sound financial decisions and take their place in society as responsible citizens.</p><p> </p><p>At key stage 3, pupils should be taught about the functions and uses of money, the importance and practice of budgeting, and managing risk. At key stage 4, pupils should be taught about income and expenditure, credit and debt, insurance, savings and pensions, financial products and services, and how public money is raised and spent.</p><p> </p> answering member constituency Bognor Regis and Littlehampton answering member printed Mr Nick Gibb question first answered 20/10/2014 15:07:59 answering member 111 label Biography information for Nick Gibb
	tabling member	59 label Biography information for Mr Mike Hancock

101826

	registered interest
	date	30/10/2014
	answering body	Department for Education
	answering dept id	60
	answering dept short name	Education
	answering dept sort name	Education
	hansard heading	Financial Services: Education
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Education, what recent progress she has made on improving financial education in schools.
	tabling member constituency	Ceredigion
	tabling member printed	Mr Mark Williams
	uin	212533
	answer	answer is ministerial correction date of answer 05/11/2014 answer text <p>Citizenship education is part the national curriculum at key stages 3 and 4. From September 2014 the new citizenship programmes of study included, for the first time, a requirement for schools to prepare pupils to manage their money and make sound financial decisions.</p><p>At key stage 3, pupils should be taught about the functions and uses of money, the importance and practice of budgeting, and managing risk. At key stage 4, this should progress onto pupils being taught about income and expenditure, credit and debt, insurance, savings and pensions, financial products and services, and how public money is raised and spent.</p><p>The new mathematics programme of study also makes clear that pupils should use formal mathematical knowledge to interpret and solve problems, including in financial mathematics.</p> answering member constituency Bognor Regis and Littlehampton answering member printed Mr Nick Gibb question first answered 05/11/2014 15:10:15 answering member 111 label Biography information for Nick Gibb
	tabling member	1498 label Biography information for Mr Mark Williams

166982

	registered interest
	date	01/12/2014
	answering body	Department for Education
	answering dept id	60
	answering dept short name	Education
	answering dept sort name	Education
	hansard heading	Financial Services: Education
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Education, what plans she has to include financial education in the new GCSE Citizenship curriculum.
	tabling member constituency	North Swindon
	tabling member printed	Justin Tomlinson
	uin	216676
	answer	answer is ministerial correction date of answer 08/12/2014 answer text <p>Proposed content for the new Citizenship Studies GCSE was published for consultation on 25 September and the consultation closed on 20 November. The proposals include the requirement that GCSE specifications should enable students to “know and understand how taxes are raised and spent by governments, and how national economic and financial policies and decisions relate to individuals”.</p><p> </p><p>The Department for Education is currently considering the consultation responses received, and final decisions on the detailed content of the new GCSE will be taken and published in the new year.</p><p>Citizenship education is, of course, part of the national curriculum. The new programmes of study, from September 2014, require schools to prepare pupils to manage their money well and make sound financial decisions.</p><p> </p> answering member constituency Bognor Regis and Littlehampton answering member printed Mr Nick Gibb question first answered 08/12/2014 16:39:22 answering member 111 label Biography information for Nick Gibb
	tabling member	4105 label Biography information for Justin Tomlinson

226263

	registered interest
	date	10/03/2015
	answering body	Department for Education
	answering dept id	60
	answering dept short name	Education
	answering dept sort name	Education
	hansard heading	Financial Services: Education
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Education, what estimate she has made of how many schools are teaching financial education as part of the curriculum.
	tabling member constituency	North Swindon
	tabling member printed	Justin Tomlinson
	uin	226918
	answer	answer is ministerial correction date of answer 16/03/2015 answer text <p>The Department for Education does not routinely collect data about the number of schools teaching financial education as part of the curriculum.</p><p> </p><p> </p><p> </p><p>From September 2014, teaching about financial education became a compulsory part of citizenship for 11 to 16 year olds, where pupils learn about the importance of budgeting, sound management of money, credit and debt, as well as understanding many different financial services and products.</p><p> </p><p> </p><p> </p><p>We have also strengthened the national curriculum for mathematics to give pupils aged 5 to 16 the necessary mathematical skills they need to make important financial decisions about mortgages and loan repayments.</p><p> </p> answering member constituency Bognor Regis and Littlehampton answering member printed Mr Nick Gibb question first answered 16/03/2015 14:36:27 answering member 111 label Biography information for Nick Gibb
	tabling member	4105 label Biography information for Justin Tomlinson