Rowhill School

Financial Education

Finance is taught to Year 11 & 10 two lessons a week. Its aims are to ensure more pupils gain valuable financial awareness as they leave school for the wider world, as required within the National Curriculum.

Year 11

Pupils will work towards achieving a Lessons in Financial Education (Life) run by the London Institute of Banking & Finance. Work is completed and assessed online, with completion of the three units resulting in a Level 1 or 2 award or certificate, this is equivalent to 0.5 of a GCSE.

The main aims of this course are:

  • Giving real-life engaging activities and scenarios that pupils can relate to

  • Working independently to build up pupils’ knowledge and skills

  • Employability skills that will prepare pupils for the world of work and lifelong learning

LIFE Curriculum map, to be taught over the course of the academic year, will consist of:

Unit 1

  • Assess the principles of money.
  • Determine how people can obtain money.
  • Identify how money is spent and how to budget.
  • Examine how to manage money.
  • Identify the ways we borrow money.
  • Identify how to protect ourselves financially.
  • Define what is meant by responsible gambling.
  • Identify the current threats to our own money.

Unit 2

  • Interpret the channels used to manage money.
  • Identify the sources of pay and pay calculations.
  • Assess the key methods of making payments.
  • Examine the cost of borrowing.
  • Identify how to use money abroad.
  • Assess the process to make informed decisions about personal finance and understand the consequences.
  • Identify to approach for different types of financial advice.
  • Identify how investments are different from savings.

Unit 3

  • Identify how to consider and prepare for careers.
  • Understand the roles, careers, and sectors in the financial services marketplace.
  • Identify good practice in financial wellbeing.
  • Examine how good financial planning throughout the personal life cycle affects your financial sustainability.
  • Interpret how external factors can affect your financial sustainability.

LiBF Qualification access (Year 11's)

LiFE is an online financial education program that aims to ensure more students gain valuable financial awareness.

Click here to the login page for your qualification.

If you are unsure of your login details please contact Mr Moger here r.moger@rowhill.hants.sch.uk

Technical Award in Finance (TAF) (Year 10)

Pupils will work towards achieving the new qualification. a Lessons in Financial Education (Life) run by the London Institute of Banking & Finance. Work is completed and assessed online, with completion of the three units resulting in a Level 1 or 2 award or certificate, this is equivalent to 0.5 of a GCSE.

The main aims of this course are:

  • Giving real-life engaging activities and scenarios that pupils can relate to

  • Working independently to build up pupils’ knowledge and skills

  • Employability skills that will prepare pupils for the world of work and lifelong learning

TAF Curriculum map, to be taught over the course of Year 10 and 11 will consist of:

Unit 1

  • Describe how budgeting can help an individual achieve their financial goals. 
  • Understand the fundamentals of banking. 
  • Compare the different types of lending providers and their borrowing products. 
  • Compare the different types of savings providers and their savings products. 
  • Investigate the different types of investment providers and their investment products. 
  • Explain why we have insurance and explain the insurance types and providers available. 
  • Investigate the similarities and differences between the different stages of the personal life cycle. 
  • Explain taxation, NI and HMRC documentation for the individual and explain how these have developed digitally. 

Unit 2

  • Compare the different types of business model. 
  • Explain the benefits and drawbacks of being a sustainable business and an ethical business. 
  • Explain the impact of external factors and changes on businesses. 
  • Understand how a business attracts and retains customers. 
  • Investigate how businesses deal with foreign exchange when importing and exporting. 
  • Explain how a business manages its finances. 
  • Explain how a business contributes to the economy. 
  • Appraise how good/poor individual financial choices affects spending, businesses and the economy. 
  • Understand business taxation. 

Unit 3

  • Understand the different financial careers available with financial services providers. 
  • Distinguish the purpose of the different regulatory bodies. 
  • Describe government policies that influence financial services providers. 
  • Explain how a financial services provider manages its finances and ensures sustainability through Environmental, Social and corporate Governance (ESG). 
  • Understand what is meant by ‘fintech’ and the impact of how recent technological developments are changing how financial services providers work, including the implications on financial security. 
  • Understand the history of the financial crisis of 2008 in the UK, how a recession affects financial services providers and what has been learned from both events. 
  • Explain the global issues that may affect decisions made by financial services providers in the UK 

Useful Information

If you would like any additional information or resources for this please go to https://www.libf.ac.uk/docs/default-source/he/useful-resources.pdf