Financial education

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Most adults feel they missed out on financial education

Over three quarters of UK adults said they did not received financial education at school, but most wish they had. According to research commissioned by Quilter, 77 per cent of adults surveyed said they did not receive financial education at school, or could not remember it being available. Of that group, 79% wished they had […]

support service providers

L&G and Schroders lead in new City mental health network

Two dozen City firms including Schroders and Legal and General have endorsed a network to help young professionals combat the stigma of mental health. The ‘”Thriving from the Start” initiative, launched today, will be run by people in their early careers and aims to create a supportive community for recent joiners to companies in the […]

Students learn finance through investment competition

City players are continuing their efforts to make financial education more accessible to students. Starting today over 100 sixth form students will compete with peers from other regions, to make the biggest gains over a seven-month period in Share Centre’s investment competition Shares4Schools. The project aims to give “young people the opportunity to invest real […]

CISI chief on kicking out qualification frauds

Money Marketing sits down with Chartered Institute for Securities and Investment boss Simon Culhane to discuss making an adviser register work, the future of pension transfer exams, and whether more professional body mergers could be on the cards. Are you still concerned about false qualifications appearing on adviser directories? What steps are you taking to minimise […]

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KIDs ‘harder to read than Moby Dick’

Key Information Documents provided to investors cannot be understood by the majority of them, a new study has found. The documents are required under the Priips regulation in force since January, and are designed to allow the average person to compare products across the market with information on charges, risks and future performance scenarios. Software […]

Financial education creates five-fold return on investment, study finds

Every pound spent on financial education initiates can create more than £5 in social value, a new study finds. Research firm ERS examined the impact of “survival” money management workshops delivered to more than a thousand 16-25-year olds who were either not in work, full-time education or training, or had care responsibilities. They found that […]

Financial advice for staff could save employers money

Employers who do not help their staff secure financial advice may be faced with succession planning issues and an inability to retain younger staff, according to new research. Findings from Chase de Vere and research provider Lightbulb show financial advice programmes can cost as little as £5,700, and help get employees contributing more to their […]

Danby Bloch: Getting older clients up to speed on relatives’ protection needs

Who could become financially dependent on your client if they became seriously ill or their spouse or partner died? How often have you heard the following statement: “We are specialist investment advisers and most of our clients are at or in retirement, so we do almost no protection business”? Do you say it yourself? Well, […]