APPG on Financial Education

The Secretariat for the All-Party Parliamentary Group on Financial Education for Young People.

At a glance

Discuss the current provision of financial education in schools and colleges
Ensure young people are equipped to make informed financial decisions
Support schools in the delivery of financial capability
Encourage the introduction of a requirement on schools and colleges to provide financial education

APPG on Financial Education

We work with Parliamentarians and the civil service to ensure that financial education is raised frequently in the House of Commons – building relationships with individual parliamentarians, Select Committees and other APPGs providing information and briefings for debates and parliamentary questions. In 2014, the APPG was successful in lobbying for financial education to be added to the secondary curriculum.

Our Officers

Jerome Mayhew MP (Chair, Cons)
The Rt Hon Lord David Blunkett (Vice-Chair, Labour)
Claire Hazelgrove MP (Vice-Chair, Labour)
Baroness Amanda Sater (Vice-Chair, Cons)

Laying Firm Foundations: Financial education in schools and colleges across the UK and the opportunities of devolution

This APPG’s most recent inquiry looks at financial education in schools and colleges across the UK, what gaps are persistent in all nations, where there are examples of good practice that can be replicated, and the opportunities of devolved and place based approaches to enable meaningful financial education for children and young people.

Read the full report
Read the Executive Summary

APPG’s latest report: Building Beyond Barriers

In February 2023, the APPG published an inquiry report exploring the barriers facing schools in delivering financial education*.

With contributions from hundreds of teachers across primary and secondary settings, and evidence submitted by stakeholders from across a diverse range of sectors, the report outlines a series of recommendations to help build increased financial capability in future generations of young people.

Download the report
Download the Executive Summary and recommendations
Download the survey findings
Download the launch event presentation

*This enquiry involved a survey of 400 teachers which was funded by HSBC UK.

Read the APPG’s follow up piece Building Solutions Together: Educator Roundtable Report

In December 2023, the APPG on Financial Education for Young People hosted a roundtable with educators from across England to discuss the barriers raised in the APPG’s inquiry, Building Beyond Barriers, and potential solutions to help overcome these. This in-person session included six educators sourced by Young Enterprise, Secretariat to the APPG, Baroness Sater, Vice-Chair of the APPG, and was facilitated by the Schools, Students and Teachers network (SSAT) with a report written by IFF Research.

This roundtable fed directly into the APPG’s response to the Education Committee inquiry into Financial Education (launched November 2023) to ensure that teachers voices were centred in discussions of improved support, guidance and resources. You can view the APPG’s written evidence to this inquiry here and the Chair’s response to the Committee’s recommendations here.

Download the Educator Roundtable Report

Past Parliamentary inquiries

In September 2024, the Department for Education opened a call for evidence for the Curriculum and Assessment Review, calling on views of what should be changed, strengthened and altered in the national curriculum and assessment processes. The APPG submitted a response foregrounding evidence from previous APPG inquiries along with evidence from the sector at large, advocating for meaningful financial education to be made mandatory at every age and stage. You can read an executive summary of the APPG’s response here.

In November 2023, the Education Select Committee opened an inquiry into improving financial education in schools. The APPG on Financial Education for Young People submitted a detailed written response, including fresh information gathered from our Building Solutions Together Educator Roundtable organised in response to this inquiry. You can read the APPG’s response in full here.

In May 2021, 38 MPs and Peers signed a Joint Policy Statement on the importance of financial education at primary level. The Telegraph covered this on 28th May 2021. This led to the APPG launching an inquiry into primary-aged financial education and in early July, the report was published. Read the report.

In 2019, the APPG published its report into children in care and financial education. Read the report.

Following the introduction of financial education into the English secondary national curriculum in 2014, the APPG held an inquiry into the impact and effectiveness of financial education on young people. Published in May 2016, this inquiry was the first of the new Parliament. Read the report.

The Primary and Secondary strand of the group launched an inquiry into Financial Education in the Curriculum in March 2011. The inquiry report was launched in December 2011. Read the report.

To complement this inquiry, 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. Read the report.

Disclaimer

This is not an official website of the House of Commons or the House of Lords. It has not been approved by either House or its committees. All-Party Parliamentary Groups are informal groups of Members of both Houses with a common interest in particular issues. The views expressed in these webpages are those of the group.

Members of the APPG

Labour

Clive Betts MP
Paul Blomfield MP
Stella Creasy MP
Bill Esterson MP
Mary Glindon MP
Lilian Greenwood MP
Nia Griffith MP
Fabian Hamilton MP
Margaret Hodge MBE MP
Sharon Hodgson MP
Diana Johnson MP
Shabana Mahmood MP
Alison McGovern MP
Catherine McKinnell MP
Jessica Morden MP
Lisa Nandy MP
Yasmin Qureshi MP
Jonathan Reynolds MP
Andy Slaughter MP
Nick Smith MP
Graham Stringer MP
Gareth Thomas MP
Stephen Timms MP
Jon Trickett MP
Claire Hazelgrove MP
Andrew Ranger MP
David Baines MP
Shaun Davies MP
David Burton-Sampson MP
Derek Twigg MP

Conservative

Harriett Baldwin MP
John Baron MP
Bob Blackman MP
Suella Braveman MP
Gareth Davies MP
Caroline Dinenage MP
Mark Garnier MP
John Glen MP
Rebecca Harris MP
Damian Hinds MP
Robert Jenrick MP
Caroline Johnson MP
Eleanor Laing MP
Jerome Mayhew MP
Caroline Nokes MP
Chris Philp MP
Mark Pritchard MP
David Simmonds MP
Blake Stephenson MP
Gareth Davies MP
Gavin Williamson MP

Liberal Democrats

Tim Farron MP
Lisa Smart MP

Other

Gregory Campbell MP MLA
Ben Lake MP
Lord David Blunkett
Viscount Brookeborough
Baroness Jean Coussins
Earl Merlin of Erroll
Lord Howard Flight
Baroness Tanni Grey-Thompson
Lord Robin Hodgson
Baroness Anne Jenkin
Baroness Judith Jolly
Lord Nigel Jones
Lord Roy Kennedy
Baroness Helen Liddell
Lord Ian McColl
Lord Francis Northbrook
Baroness Sue Nye
Lord Lawrence Sawyer
Lord Robin Teverson
Lord David Triesman
Baroness Patience Wheatcroft
Baroness Amanda Sater
Lord Guy Sandhurst
Lord Iain McNicol
The Earl of Effingham

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:

ABCUL
Action for Children
AEGON UK
AQA
ASDAN
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
Barclays Wealth
British Bankers’ Association
British Youth Council
Carleton Financial Planning Ltd
Capital One Bank (Europe) plc
Christians Against Poverty
City Pay it Forward
Citizens Advice
Consumer Finance Association
Debt Advice Foundation
Ecology Building Society
Economics, Business and Enterprise Association (EBEA)
Edexcel
Equifax plc
Experian Ltd
Fidelity International
Finance & Leasing Association
Financial Skills Partnership
Heathcroft Communications
HSBC UK
ICAEW
ifs School of Finance
Institute for Citizenship
Institute for Credit Management
Investment Management Association
J.P. Morgan
Learn About Finance
Lloyds Banking Group plc
London Citizens
M&G Investments
The Money & Pensions Service
Money Advice Trust
MoneySavingExpert.com
MyBnk
NASMA (National Association of Student Money Advisers)
NASUWT
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)
OBSR
Ofsted
Prudential UK and Europe
PSHE Association
RBS
RNIB
Santander
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
Toynbee Hall
The UK Cards Association
Trading Standards Institute
UCAS
UK Youth
University and College Union
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