NEWS
Six in 10 UK teachers believe today’s pupils lack basic financial understanding when they leave school
More than six in 10 (64%) UK secondary school teachers believe today’s young people leave school with a poor level of financial skills and 59% say their pupils don’t understand what a credit score is.
The latest research from information and insights company TransUnion shows two thirds (66%) of teachers think financial education has stalled as a result of the pandemic.
Nearly three quarters of teachers surveyed (73%) say their pupils struggle to understand the importance of personal budgeting, saving, money management and calculating interest. The majority (74%) believe a lack of real-life experience for students, such as having a part-time job outside school and handling money regularly, has had the biggest impact. Over half (53%) think the lack of understanding is because core subjects had to take precedence over financial education, with students now lacking
knowledge on how to budget and manage money.
Kelli Fielding, managing director of consumer interactive at TransUnion in the UK said: “Following the serious disruption to learning caused by the pandemic, teachers are now dealing with the challenge of rebuilding financial education in schools and tackling persistent gaps in money knowledge which can put today’s young people at a real disadvantage. With the ongoing cost of living crisis, it’s essential to give students the skills to manage money before they leave school.”
To support schools in improving financial knowledge for young people – aligned to personal, social, health and economic (PHSE) education frameworks – TransUnion is launching a new free online teaching resource. Credit Scores Explained aims to give secondary school students the best start to their financial life, helping them learn about managing money and understanding from an early age the role that their credit report and score will play.
uwww.transunion.co.uk/education
Pilot projects receive green light thanks to unique educational fund
Three new pilots have launched thanks to a £1 million fund supporting organisations to explore different approaches to assessment and innovative uses of technology. Projects by Calderdale College, EasyCorrect, and the Centre for Education and Youth, will each investigate new ways learners can be assessed outside of more traditional methods, such as through Virtual Reality (VR). The Assessment Innovation Fund, created by the educational charity and leader in vocational and technical education NCFE, is investing across a range of pilots developed by, but not limited to, training providers, qualification developers, awarding bodies, quality assurers, EdTech companies, and colleges.
Jessica Blakey, Head of Assessment Innovation at NCFE, said: “We’re delighted to see three new pilots get underway that will each explore different areas of assessment and how technology can support and enhance learner feedback and experience.
“When we launched the Assessment Innovation Fund last year, our vision was, and still is, to break the boundaries of assessment with evidence-based disruption within our current education system. Our aim is to support and investigate potential solutions and deliver the best possible experience for our learners.
“With the addition of these three new pilots, we now have eight live research projects that focus on testing new concepts in a safe space, from using AI and digital badges, to engaging hard to reach learners, and we’re really excited to see the results.”
As well as the three new pilots, the current funding window is still open to expressions of interest until 3 October, offering up to £25,000 for any organisation with an idea and interest in changing the future of assessment. To learn more about the current pilots or to submit your interest, visit u
https://www.ncfe.org.uk/help-shape-the-future-of- learning-and-assessment/
Common Seas and Kids Against Plastic urge secondary schools to become ‘Plastic Clever’
Common Seas and Kids Against Plastic have launched their Plastic Clever Schools resources for 11–16- year olds.
The movement is designed to empower students to drive impactful change in their schools and beyond through three key stages, including: Inspire: Learn all about plastic and share that information to engage your whole school community. Investigate: Complete a plastic audit to discover the problem plastics
in your school and get ready to do something about it! Act: Create exciting campaigns to act on plastic waste and celebrate the difference you’re making in your school and community.
10
www.education-today.co.uk
In addition to almost 500 primary schools, Common Seas and Kids against Plastic are urging secondary schools to come on board and help make a plastic waste free future a reality.
The online platform provides supporting resources such as interactive toolkits, illustrated fact sheets, hands-on activities and presentations. Following the launch, Amy Meek, Head of Youth Action at Common Seas & Co-Founder of Kids Against Plastic said: “This event brought together some incredible speakers to showcase the power of youth in the fight against plastic. We know young people are passionate about this topic and want to make meaningful change.
With a projected 24 million new jobs being created as we move towards a circular economy, many of the future careers of our young people don’t exist. We need to ensure students are not only prepared for this bright future but are empowered to be part of the journey to get there.”
u
https://plasticcleverschools.co.uk/ October 2022
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