AIC welcomes financial education step
The Association of Investment Companies (AIC) has welcomed the news that financial education for the over-14s is to be improved.
A new secondary national curriculum has been launched by the Qualifications and Curriculum Authority (QCA), which will see more financial education taught through personal, social and health education classes from September 2008.
Daniel Godfrey, director general of the AIC, said: "Lately we have been hugely encouraged by the evidence that the FSA [Financial Services Authority] is at last turning good intentions into action and by the appointment of Ed Balls, whose commitment to this objective is clear, to the children's brief."
The AIC also said that the government and the FSA need to ensure that support for teachers, as well as funding for schools, is in place to enable children to receive the education properly.
Mr Godfrey added that the AIC can give the QCA initiative a "warm welcome".
The AIC was founded in 1932 and changed its name from the Association of Investment Trust Companies (AITC) in October last year.
