Financial education should be an "assured part" of the national curriculum, according to the Personal Finance Education Group (pfeg).

The charity has urged the government to guarantee basic courses in personal finance in all schools.

Alastair Matthews, director of policy at pfeg, said all four stages of the education system should include some personal finance classes.

"Young people, more than ever, need a foundation of financial education while they are still at school," he said.

"We think that basic financial education should be a core and assured part of the national curriculum.

"We are getting towards this but we are not quite there in terms of it being guaranteed in every school at the moment," he added.

Earlier this week, the IFS School of Finance announced that more than 10,000 young people were now studying its courses.

Progress on financial education is good news for the industry, as a more informed public are more likely to take up loans, savings and insurance products.

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