The vice-principal at IFS University College, said that financial education currently delivered through wider subjects in the national curriculum is often piecemeal and has no real impact on financial decision-making among teenagers.
Ms Pask said: “The planned inclusion of personal finance into the national curriculum through maths and citizenship is clearly already a positive step, but the curricula in both of these subjects are crowded, which raises questions as to how much money and finance content can be incorporated – and how effectively.”
The IFS said plans to teach the subject through maths and citizenship from September are unlikely to be as effective as through a stand-alone subject.