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Mike is an award-winning financial expert and a well-known leader in the financial industry.Having taken two of his previous firms to Chartered Status in the UK and also achieved the prestigious National IFA of the Year Award – Highly Commended.In addition, Mike is a well known Independent Financial Adviser and Money Coach. Qualified to UK Financial Conduct Authority (FCA) standards, a member of the Chartered Insurance Institute, a Founding Fellow of the Institute of Sales Professionals (FF.ISP), a Fellow of the Institute of Directors (FIoD) and featured as a highly qualified Financial Adviser in Which Financial Adviser.

The battle for financial education in England’s schools is “only half won”

Mike CoadydeVere The battle for financial education in England’s schools is “only half won”

The battle for financial education in England’s schools is “only half won”

At the start of the next school year, financial education will be a compulsory part of the English national curriculum.

deVere Group has been campaigning for financial education to be included in the national curriculum for many years, and the Department of Education’s decision to do so is great news.

However, although this is a very positive step forward in teaching future generations the importance of financial planning, which will in turn benefit individuals and the economy as a whole, there is still a long way to go yet.

Kevin White, deVere United Kingdom’s Head of Financial Planning, has recently flagged up these concerns in a statement that was covered byFinancial Times Adviser and Economic Voice.

So, what are the major concerns?

Firstly, when you consider that only around half of schools in England follow the national curriculum, there is the strong possibility that 50 per cent of children will still not receive any proper financial education.

Therefore it’s our opinion that head teachers within free schools and academies should be aware of the importance of financial education, and also include it into teaching plans.

Secondly, there are worries about how the subject will be taught. The ‘financial numeracy’ component will be taught as part of mathematics lessons, and ‘money management’, which will include topics such as ‘personal debt’ and ‘public finances,’ will be integrated into existing citizenship classes.

We strongly believe that financial education should be given the same importance as other traditional subjects in schools, such as English and maths, and be taught separately as a subject in its own right.

Following deVere’s years of campaigning on the issue of having financial education included on England’s national curriculum, the Department of Education sent a letter to deVere United Kingdom earlier this month, thanking the company for its “keen interest in the educational wellbeing of children and young people.”

Mike Coady
Mike Coady

Mike is recognised at the forefront of financial planning as a financial advice mentor who demands only the best outcomes for both individuals and businesses he works alongside.

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