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Top advice names call for financial education in school curriculum

Tisa initiated project backed by household names like Old Mutual and Standard Life

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Some of the biggest names in financial advice have backed an industry initiative to get financial education on its primary school curriculum.

Old Mutual Wealth, Standard Life, Prudential and Aviva are among 16 savings and investment companies to have joined forces to back KickStart Money, a financial education programme for children.

Over the next three years, KickStart Money will attempt to reach 18,000 children from age 7 to 11 to encourage positive money managing attitudes by delivering sessions in schools.

The sessions will be delivered to schools by financial education charity MyBnk.

Tisa, which initiated the project, and the programme’s supporters, will also be lobbying for the inclusion of the programme in the primary school curriculum

Tisa director Charles McCready says: “Research shows that intervention at primary school age can be critical to developing a healthy appreciation of money and understanding the importance of saving…We see this initiative as a key pillar to help re-build a national savings culture and create long term financial resilience for future generations.”

Other leading savings and investment firms to have backed the initiative are Aberdeen Asset Management, Alliance Trust Savings and Axa Investment Management.

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Comments

  1. Michael Silver 15th May 2017 at 2:08 pm

    Great idea but who is actually going to do the presentations of the programme and who is going to train the presenters?

  2. Just perhaps it might be better to ensure that the children are properly literate and numerate first.

  3. Surely the presenting can’t be done by Provider employees . . . Surely . . .

  4. Budgeting
    Income / expenditure
    Should be mandatory
    Just like English and maths
    It should always have been there

  5. Basic budgeting is an absolute must for future generations. I think this idea in principle is great

  6. Yes, a good idea but is it not really down to parents to provide this sort of financial education?

    My children have had an understanding of money from a young age and as they are now teenagers we have discussed loans, savings and even mortgages.

    Yes, I work in financial services but the basics of budgets, income versus expenditure, the effect of interest rates, etc. should not be beyond most parents.

    This is just another example of an abdication of parental responsibility – someone else should look after/teach/keep safe my children.

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