The Youth Financial Capability Group (YFCG) brings together charities who have a significant focus on developing the Financial Capability of young people within the UK.
We are independent organisations that share a common vision for a society in which all children and young people can manage their money, make informed financial decisions, and ultimately achieve Financial Wellbeing. Collectively, we reach around a quarter of a million children and young people as well as over 8,000 teachers and youth workers each year. Our focus is on the Financial Education part of the wellbeing equation.
What We Do
We provide high quality, relevant, and age-appropriate support using a range of approaches, all involving relevant, engaging content delivered by experts. Between us we:
- design and deliver Financial Education programmes to young people
- offer awards and qualifications to accredit learning resources
- provide professional development for teachers and other practitioners working with children and young people
- make quality teaching and learning resources available and accessible to practitioners
- influence policy and strategic decisions of government and other key agencies
As a group, we collaborate towards outcomes we believe appropriate for children and young people. We help them make the right choices for themselves.
We are not providers of financial services or products, policy makers, research organisations or funders, but we recognise their influence and will collaborate with these groups to improve the Financial Wellbeing of children and young people.
All of us are specialists in this sector, but we would like to see a more joined-up, aligned approach for the benefit of Financial Capability for all young people. We have collaborated to produce:
- The Financial Education Planning Frameworks for both primary and secondary schools, helping teachers identify and provide age-appropriate content and outcomes.
- The Financial Education Guide For Schools, identifying how the different approaches of each member can be combined to provide a holistic package of support for teachers to choose the right approach for their children and young people; direct delivery, qualifications, training and/or resources.
- A joined-up approach to public affairs, such as consultation responses, campaigning, lobbying and policy papers, underpinned by our Joint Policy Position on Financial Education
We all support ‘meaningful financial education,’ in particular, referencing the Financial Education tract of the Money and Pension Service (MaPS) Financial Wellbeing Strategy for the UK.