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Stamp of Approval – Financial Education Quality Mark
Russell Winnard Young Money|@RussellWinnard
@FinCapStrategy #TalkMoney|#FinCap17
Stamp of Approval – Financial
Education Quality Mark
Russell Winnard
Head of Programmes & Services
Young Money
Young Money (formerly pfeg), supports all
educators in developing the financial
capability of the young people they work
with. We are a trusted and valued provider
of knowledge, resources and training to
anyone teaching children and young
people how to manage money.
The Financial Education Quality Mark
EDUCATIONAL
VALUE
MARKETING
REVIEW
FINANCIAL
ACCURACY
Why the need?
Over the last 15 years the
number of financial education
resources has grown
significantly.
93% of teachers say that they feel more confident using a Quality
Mark resource to support their
financial education
Teachers, and other
educators, value having a
recognisable mark which
provides reassurance of
quality.
Collaboration with MAS
Issue A year ago there were over 60 QM resources. Many resource producers were creating new resources rather than
adapting existing ones
Solution Working with MAS to develop a greater emphasis on evaluation for all resource producers
Quality Mark key criteria
The Quality Mark is only awarded to resources which:
1.Have been developed in consultation with a teacher or educationalist and tested
with young people in the target group
2.Have a dedicated theory of change and evaluation plan
3.Have a principal focus on financial education
4.Include opportunities for structured learning
5.Be engaging and relevant for young people
6.Be clearly written and easy to use
7.Contain accurate, up to date information and be free of branding
UK BUSINESS
ENGAGED
On receiving the award
Current Quality Mark situation
Following the implementation of the new Quality Mark process there are
currently 35 QM resources on the Young Money website.
Opportunity A small number of resources have been identified for which the owner is not able to update themselves, but is willing to pass
over the intellectual property for another organisation to take on.
If you are thinking about creating a
new financial education resource…
Consider taking on a resource
which someone else can no longer
support
Talk to us about gaps in
current provision
Think about the potential
for the resource to
develop over time
We can also provide support in the development of resources
Thank you
www.fincap.org.uk@FinCapStrategy #TalkMoney|#FinCap17