We support the development of quality financial education resources in schools and professional development for teachers. This page outlines our current and recent projects.
Financial Literacy in Schools Advisory Group
The Commission has set up a Financial Literacy in Schools Advisory Group. The key tasks of this group are to:
- Promote financial literacy in schools and school communities
- Act as an expert group
- Respond to issues relating to the promotion and dissemination of good practice examples.
The group consists of practising teachers, heads of department, senior teachers, school principals and teacher union representatives.
Contributing to development of resources
We support the Ministry of Education to implement financial education in classrooms by contributing to new resource development for the delivery of financial literacy within the New Zealand curriculum. This includes the creation of classroom resources and professional development training to upskill teachers. New resources are expected to be ready for use by schools in late 2012.
Teaching resources for years 1 to 10 are available at the website New Zealand Curriculum Online - see Financial capability in the curriculum.
Assessing financial literacy of high school students
The Commission is also working with the OECD in assessing the financial literacy of New Zealand high school students through the 2012 Programme of International Student Assessment (PISA). For the first time, financial literacy has been included in this global comparative assessment. Fifteen-year-old students in member countries will be tested in financial literacy along with traditional subjects like English, maths and science. High level results will be available at the end of 2012 and full results at the end of 2013.
Development of a guide to evaluating financial education
The Retirement Commissioner represents New Zealand in the Organisation for Economic Cooperation and Development’s (OECD) International Network on Financial Education (INFE), which has 97 member countries. She chaired the working group on evaluating financial education programmes which released its detailed guide to evaluating financial education programmes in 2012.
See OECD INFE High-Level Principles for the Evaluation of Financial Education Programmes on the OECD IGFED website.