Personal Finance Education Group

From Wikipedia, the free encyclopedia

The Personal Finance Education Group (PFEG) is a UK educational charity focused on equipping young people with confidence, skills and knowledge in financial matters, particularly personal finance. It was founded in 2000 and receives support from both government and business. It is now a leading partner in delivering “Learning Money Matters”, the schools strand of the national strategy on financial capability launched by the Financial Services Authority in 2004.

As an independent charity, pfeg provides a Quality Mark to badge recommended teaching resources that are published by banks and other financial companies. It describes the pfeg website as “the one stop shop for teaching personal finance”.

The chairman of pfeg is Ron Sandler, a former banker and chief executive of insurance market Lloyd’s of London, who led an independent review^[1] of retail savings in the UK.

Since pfeg was founded, personal finance education has been accepted by the UK Government as a priority for inclusion in a revised national curriculum.

‘We […] recognise the importance of personal finance education in enabling young people to develop the financial capability they need to make informed judgements and to take effective decisions regarding the use and management of money in adult and working life.’ - DfES White Paper, 14-19 Education and Skills, February 2005.