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Prudential Financial Literacy Project
Project Status: Completed
March 2002 - January 2003
NIACE's ICT and Basic Skills team were approached by Prudential Financial Services to produce an on-line financial literacy resource targeted at both learners and tutors.
The Basic Skills team recruited experts in financial literacy to provide materials mapped to the literacy and numeracy curriculum as well as having clear stated objectives and are relevant informative and fun. These materials were assessed by the basic skills team and formatted into an interactive web site by ANQ services.
The aim of this project was to provide on-line financial literacy materials that could be accessed via the internet to be used by both learners for their day-to-day financial matters and by tutors. These materials were be developed under the following headings:
 | What money is and the exchange of money (e.g. cash, cheque, credit cards etc.) |
| Where money comes from (e.g. earnings, benefits, pensions, shares etc.) |
| Where money goes (e.g. expenditure, NI, tax etc.) |
| Financial records and information (e.g. bank statements, credit card and other bills etc.) |
| Spending money and budgeting |
| Risk and return (e.g. interest rates, insurance, savings and borrowing etc.) |
| Making personal life choices (e.g. short, medium and long term decisions ) |
| Consumer rights and responsibilities (e.g. financial advice etc.) |
| Implications of finance (e.g. managing debt etc.) |
This project was linked with the Money Matters - Raising Standards of Financial Literacy Conference which was held on Tuesday 3rd September at Prudential Plc in London. This conference aimed to:
| Explore how to enable adult learners to become more skilled and confident in managing their money |
| Increase awareness on the need for practical skills and guidance in managing personal finance. |
This project started in March 2002 and was completed in January 2003.
