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News release

20 March 2007
ifs School of Finance Responds to Government Consultation on Financial Capability

Financial education charity the ifs School of Finance, the UK’s only provider of GCSE, AS and A level equivalent qualifications in personal finance, today published their response to the Government consultation on improving financial capability.

The Government set out its long-term approach to financial capability in "Financial Capability: the Government's Long-Term Approach" on 15 January 2007. The report sets out the Government's long-term aspirations to ensure that:

• all adults in the UK have access to high-quality generic financial advice to help them engage with their financial affairs and make effective decisions about their money;
• all children and young people have access to a planned and coherent programme of personal finance education, so that they leave school with the skills and confidence to manage their money well; and
• a range of Government programmes is focused on improving financial capability, particularly to help those who are most vulnerable to the consequences of poor financial decisions.

To read the ifs School of Finance's response in full, please click here.

For further details about the Government’s long-term strategy please click here.

For further information please contact:

• Phil Hall
• Head of Media & Public Affairs
• E-mail: phall@ifslearning.ac.uk