Financial Literacy (Curriculum) Bill (HC Bill 35)




Make provision for the inclusion of financial literacy in the national
curriculum; and for connected purposes.

Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and
consent of the Lords Spiritual and Temporal, and Commons, in this present
Parliament assembled, and by the authority of the same, as follows:—

1 Inclusion of financial literacy in the national curriculum

(1) In making orders under section 87 of the Education Act 2002 (Establishment of
the National Curriculum for England by order) the Secretary of State shall
include such measures to promote financial literacy as he considers
5appropriate to each key stage.

(2) In this section, “financial literacy” includes such knowledge and
understanding as will enable a pupil either currently or as an adult to engage
effectively with suppliers of financial services, make appropriate choices of
such financial services and organise their personal finances.

(3) 10Financial literacy shall be included in personal, social and health education.

(4) Provision shall be made in the Personal, Social and Health Education
Curriculum for the teaching of financial literacy by teachers who have the
appropriate knowledge and experience to do so.

2 Annual report

15Her Majesty’s Chief Inspector of Education, Children’s Services and Skills
shall, in his annual report to the Secretary of State under section 121 of the
Education and Inspections Act 2006, include details of how this Act is being
implemented and an assessment of the uptake of financial literacy education.

3 Short title, commencement and extent

(1) 20This Act may be cited as the Financial Literacy (Curriculum) Act 2013.

(2) This Act shall come into force at the expiry of two months beginning on the day
on which it is passed.

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(3) This Act extends to England only.