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.
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.