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Topics covered by Personal Finance-
Functions and role of money Role of money Life stages and financial needs Planning expenditure e.g. bankruptcy, solvency, debt. Different ways to pay Current Accounts e.g. standard, packaged premium, basic and student. Managing personal finance e.g Overdraft, Personal Loan, Hire Purchase, Mortgage, Credit
Card, Payday Loan. Different types of savings and investments e.g. ISA’s, Deposit and Savings Accounts,
Premium Bonds, Bonds and Gilts, Shares and Pensions. Risks and rewards of savings and investments. Insurance types. Features of financial institutions e.g. Bank of England, banks, building societies, credit
unions, national savings and investments, Insurance companies, pension companies, pawnbrokers, payday loans.
Ways of communicating with customers. Consumer protection in relation to personal finance Information and advise- e.g. Citizens Advice, IFA, Price comparison websites, Money Advice
service, Debt Counsellors and Individual Voluntary Arrangements (bankruptcy).