Andrew Percy MP the former teacher, turned Conservative MP, will chair the cross party select committee style parliamentary inquiry with 10 MPs.
After taking written and oral evidence from the financial services industry, teachers and other interested parties, the inquiry committee will produce its report of recommendations on how to transform financial education in schools to establish a consistent and sustainable model for educating future generations.
The inquiry will also look at how effective the financial services sector is with regards to corporate engagement in financial education initiatives.
The recommendations of the Parliamentary inquiry report will also serve as the APPG's response to the Government's review of the National Curriculum.
The wide-ranging consultation is the driving force in bringing together the varying approaches to financial education in the UK.
The aim is to enable the creation of a model of finance education that truly equips young people with the skills and knowledge they need to become intelligent and responsible consumers.
Percy said: "The current economic challenges we're facing aren't going to go away overnight. In my constituency, and across the UK, young people are already concerned about how they're going to afford to finance their futures and deal with the increasing complexities of managing money.
"This inquiry will explore the level of finance education in schools, what works and what doesn't, and what can be learned from the different approaches to finance education taken forward by the education and financial sectors. Our consultation will establish the ground rules for successful and sustainable models that will make finance learning part of life in every school - but we can't get there without the evidence we need from those involved in bringing finance education to life. I urge everyone involved in this vital area of work to submit evidence to the Financial Education and the Curriculum inquiry. "
