Duncan attended the launch of the All Party Parliamentary Group (APPG) on Financial Education for Young People as part of a major campaign for compulsory financial education.
Formed on the back of a debt-ridden financial crisis and an increasingly complex financial world, the group is calling for compulsory financial education in schools, ensuring young people understand money, consuming and debt.
It’s set to be the new force behind pushing financial education up the agenda, and co-ordinating the scores of agencies already working towards it, including pfeg and moneysavingexpert.com.
Over 123 MPs from all parties have joined the group, making it one of the largest APPGs ever. Duncan is vice-chair of the group along with Labour MP Stella Creasy, while Conservative MP Justin Tomlinson is the chair.
The APPG on Financial Education for Young People’s purpose will be to provide a medium through which MPs, Peers and organisations with an interest in financial education can discuss the current provision on financial education in schools, ensure young people are equipped to make informed financial decisions, help make resources and qualifications available to young people in education, support schools in the delivery of financial capability, and encourage the introduction of a requirement on schools to provide financial education.