Sep 1 2008
In news that may be of relevance to parents concerned about saving for their children, the ifs School of Finance has raised concerns about combining maths and financial education.
It described the inclusion of personal finance in the maths curriculum as a "fundamentally flawed approach to raising levels of financial capability".
The organisation cites comments made in an Ofsted report earlier this year which suggested that there are shortcomings in delivering a combined approach.
It said: "Financial capability ... is about more than numerical competence. It is also about developing an understanding of financial services and key ideas."
According to the ifs School of Finance, the government should introduce a separate qualification in personal finance to the school curriculum.
In other child savings news, Moneyfacts recently advised parents to teach their children about financial matters, including how to budget and save, suggesting that such information could prepare youngsters for a lifetime of managing their money.
