Role of not-for-profit sector in
financial education
Sue Lewis
Trustee, pfeg
OECD High-level International Conference
Ista...
pfeg’s mission is for all
young people to leave full
time education with the
confidence, skills and the
knowledge in finan...
Programmes (free to teachers/practitioners)
Services (available to all and free to all)
pfeg – Programme and Services Summ...
Pfeg Quality Mark
Awarded to resources used in schools:
• accurate and up-to-date
• free of branding
• match curriculum re...
Support for volunteers in schools
 Pfeg provides training and support to ensure
volunteers:
 Are safe and suitable
 Wor...
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Sue Lewis - 2014 Conference on Global and European Trends in Financial Education in Istanbul

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This presentation by Sue Lewis was made during the 2nd roundtable at the High-level Conference on Global and European Trends in Financial Education held on 22-23 May 2014 in Istanbul, which explored the role(s) of the private and not-for-profit sectors in financial education, financial literacy and innovation for young people and financial education for migrant workers and their families. Find out more at http://www.oecd.org/daf/fin/financial-education/2014-conference-global-european-trends-financial-education.htm

Published in: Economy & Finance, Business
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Sue Lewis - 2014 Conference on Global and European Trends in Financial Education in Istanbul

  1. 1. Role of not-for-profit sector in financial education Sue Lewis Trustee, pfeg OECD High-level International Conference Istanbul 22-23 May 2014
  2. 2. pfeg’s mission is for all young people to leave full time education with the confidence, skills and the knowledge in financial matters to take part fully in society
  3. 3. Programmes (free to teachers/practitioners) Services (available to all and free to all) pfeg – Programme and Services Summary Pfeg advisory service (ASKpfeg) Quality Mark Resources Web development Customer Service My Money Week Centres of Excellence Initial Teacher Training (ITT) Volunteer network & resources 4-19 year olds Secondary schools Newly Qualified Teachers Primary schools Primary & Secondary schools London Lead Teachers Secondary schools Vulnerable young people 10 – 25 year olds Primary & Secondary schools National activity week in June provides opportunity for YP to gain skills and confidence with money 1.4 million YP reached 3,700 teachers received support Rewards schools who are committed to developing and continuing excellence in financial education 13 schools awarded 20 schools working towards award Funding for another 60 Prepares student teachers to embed personal finance education in Maths at secondary level Schools supported by freelance consultants Supported by online materials developed in house Training delivered to teachers by freelance consultants and embedded in teacher training courses Up to 400 student teachers. Prog c AgeWhatHowReach Resource development and training events for NQTs to embed personal financial education in to their lesson plans Training delivered to teachers by freelance consultants 15 regional seminars, each with 30-50 NQTs Develop Lead Teachers in schools to support colleagues to teach financial education in neighbouring schools Training delivered to teachers by freelance consultants 12 Lead Teachers reaching out to 90 colleagues and 12,000 students Volunteers from pfeg corporate funders and ICAEW ACA members support teachers with financial education Volunteers support teachers in the classroom Up to 125 ICAEW members plus other volunteers reach up to 4,000 YP Develop training, support and guidance materials for existing NGOs and working with vulnerable YP Training delivered to youth practitioners by freelance consultants 200 practitioners working with 4,000 vulnerable YP aged 10- 25 National activity week in June provides opportunity for YP to gain skills and confidence with money Supported by online materials and training developed in house Specialist education consultants use their experience to give practical guidance to teachers and other practitioners 250 requests Services figures are for 2103 The QM is awarded to third party generated resources for use with children and YP. Resources must support high quality teaching and learning about money 9 awards Resources produced as part of pfeg projects are made available to be ordered or downloaded for free on the website 30,000 hard copies ordered 15,000 downloaded pfeg.org: - provides guidance and resources for about financial education - marketing & communications tool 108,000 visits General enquiry line/email 7,500 enquiries ProgServiceWhatReach
  4. 4. Pfeg Quality Mark Awarded to resources used in schools: • accurate and up-to-date • free of branding • match curriculum requirements • easily available, adaptable and low cost • cover an appropriate range of financial topics • developed in partnership with teachers and tested in schools. Over 100 awards so far….
  5. 5. Support for volunteers in schools  Pfeg provides training and support to ensure volunteers:  Are safe and suitable  Work with the classroom teacher  Understand issues such as the age and background of the children, and any cultural issues  Have enough time and commitment
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