What Money Means in initial teacher training

An extension to pfeg’s What Money Means programme for primary schools, pfeg reached out to trainers in a variety of settings, including teaching schools and universities, to garner enthusiasm from those at the very start of their teaching career.

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The project
January 2012 to November 2013
Project brief: 
A key objective for this project was to increase the pool of primary teachers, fully trained and ready to teach finance education in the primary classroom.
The funding
Funded by: 
Funder brief: 
HSBC Bank Plc has been supporting pfeg for many years. What Money Means in Primary Schools started in 2007 and they have shown great commitment to financial literacy, most recently in primary schools.

In 2010/11 pfeg piloted working with trainee primary teachers at Edge Hill and Roehampton universities. Designed specifically for these trainee teachers, seminars used the innovative and creative tools developed through the What Money Means project. Students and teacher mentors were supported by pfeg consultants through their school placements to enhance the personal finance education in schools.

Evidence of the techniques that work well and the benefits of personal finance education in Initial Teacher Training have been collated in a short film.

pfeg has been able to adapt and refine its approach to Initial Teacher Training (ITT); collecting valuable evidence to suggest this is one of the most effective ways to raise the profile of personal finance education in schools. 

Watch our films showing our work to date with HEIs and trainee teachers.

In 2012-3, we worked with a larger cohort of universities and teaching schools to build in sustainability. We worked primarily with course conveners, lecturers, tutors and teacher mentors to enable them to include personal finance education in their programme for trainee teachers. We also provided support through the ASKpfeg advisory service.

pfeg engaged with 12 Initial Teacher Training providers. Following initial scoping discussions between course conveners and a pfeg consultant, bespoke training and development within each institution took place. The interventions so far have been varied and rewarding; including seminars and lectures to BEd and PGCE students, CPD sessions for course tutors and teachers in school and workshops on personal finance education resources.

In September 2013 we launched a brand new free online toolkit to help teacher trainers develop financial education programmes for trainee teachers - see www.pfeg.org/ITTtoolkit