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A move to teach financial literacy in schools has got the green light earlier than expected.
The Retirement Commission has announced they have received more than $400,000 from the country's banks to help fund a trial programme in 10 schools.
The project aims to develop a framework for schools that will see students leave school with the ability to make informed financial decisions.
Retirement Commissioner Diana Crossan said the significant contribution from the country's banks means the trial can proceed more quickly than expected.
Speaking on behalf of the New Zealand Bankers'Association who are involved with the project, spokesman Cameron Clyne said people are being offered more products and more choices.
"People need the skills to successfully navigate their way through the choices available to them, to make good decisions and to understand how best to manage their money," he said.
The 10 schools involved in the trial are: Alfriston College, Onehunga High, Otahuhu College and Mangere Central Primary in Auckland; Hampton Hill Primary, Tawa Intermediate and Scots College Prep in Wellington; Brooklyn Primary, Ranzau Primary and Brightwater School in Nelson/Tasman.
