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Students turn to personal finance qualifications.

02/06/2010

Over 25,000 teenagers have registered to study GCSE, AS or A level equivalent qualifications in personal finance.
The IFS School of Finance said it was the highest number of students to have registered since it started offering the qualifications in 2006.
The School of Finance said it was currently one of the only organisations providing GCSE, AS and A level equivalent qualifications in personal finance.
Rod McKee, head of financial capability at the IFS School of Finance, said more and more people were seeing the benefits of stand-alone personal finance qualifications.
He said: "Qualifications like those provided by the IFS School of Finance, have been shown to be highly effective in engaging young people and empowering them to take responsibility for their own finances.
"The links between debt and psychological well-being show the importance of the right form of financial education, not just for the economy but society at large.
"The fact that more than 25,000 14-19 year olds are now gaining the skills necessary to manage their own finances and make informed financial decisions is clearly great news.
"We would like to see the coalition government ensure all schools offer their students the choice of taking a standalone qualification in personal finance."

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