Learning money matters
Client: Personal Finance Education Group | NFER Contact:
In March 2006 the Financial Services Authority (FSA) launched the National Strategy for Financial Capability. The strategy sets out a seven-point programme, which includes a school programme. A central part of the work in schools will be the Learning Money Matters initiative, which will be delivered by Personal Finance Education Group (pfeg). Learning Money Matterswill provide help, support and advice for schools. It will also ensure that teachers feel confident and competent in their ability to deliver personal finance education (PFE).
More specifically it is intended that Learning Money Matters will:
improve the financial knowledge, understanding and confidence of young people in secondary schools in England
provide teachers with support and resources, and help them develop confidence and competence to deliver PFE effectively
help schools to develop a coherent scheme for PFE across different areas of the curriculum.
The NFER has been commissioned to carry out an evaluative study of Learning Money Matters for pfeg.
Purpose and aims
The main objectives of the evaluation are to:
identify the effectiveness of Learning Money Matters
investigate the support provided for teachers
explore the impact of the programme in schools
examine the impact of the programme across different curriculum subjects.
Design and methods
The research methodology comprises four distinct strands as follows.
Face to face interviews will be held with a sample of the consultants involved inLearning Money Matters.
Telephone interviews will be carried out with representatives of 200 schools participating in the programme.
Case-study visits will take place to 30 schools participating in the programme. These schools would be a subset of the 100 schools participating in the telephone survey described above. The selected schools should also have definite plans for undertaking new work in response to Learning Money Matters. The case study will include interviews with teachers and group discussions with pupils.
An analysis will be made of the schools participating in the programme at different levels.
A formative interim report will be submitted by July 2008, based on the findings from the first phase of the evaluation. The report will also make recommendations for the further refinement of the programme.
A final summative report (July 2009) will provide a similar account of the second phase of the evaluation, comparing the findings to those from the first phase in order to identify any changes in the use and impact of Learning Money Matters.
Time scale: April 2007 - July 2009
NFER Project Code: LMM