Why your children will soon be choosing your insurance provider

A recommendation for all trainee teachers to take modules in personal finance has been sent to the government, to enable educators to teach the schoolchildren of the future.

The Association of Investment Companies (AIC) discovered that 90 per cent of parents and teachers think that personal finance should be taught in schools, despite only four per cent of teachers saying that they do already. More than half (57 per cent) would be willing to teach the subject if they had the training.

Anne Kiem, director of external affairs at the ifs School of Finance, said: "We believe it is essential that teachers are adequately equipped with the skills and confidence to teach personal finance.

"This would best be achieved by introducing an element of personal finance to all teacher-training programmes."

If the proposals are implemented, parents could soon been turning to their children from advice about home insurance, savings accounts, investments and mortgages.

21/01/2008 10:48:55