The Centre for Financial Capability is a financial education charity which brings together key stakeholders across the primary financial education space, to achieve shared aims and to effect change to ensure all children receive a high-quality and effective financial education starting at primary-school level. The Centre is working to improve access and quality of financial education, bringing organisations together and campaigning for greater investment and attention in this important area.
HM Treasury Financial Education Roundtable
Stewart Perry, Director of the Centre for Financial Capability, and Louise Hill, a Trustee of the Centre and CEO of GoHenry, were invited to HM Treasury to partake in a Financial Education Roundtable with Andrew Griffith, Economic Secretary to the Treasury. At the roundtable, they discussed financial education and the expansion of the Dormant Assets Scheme.
Dormant Assets Consultation and Industry Roundtable
Following the Government’s announcement that it will be exploring how financial education can be supported through the Dormant Assets Scheme in the future, the Centre has prepared a draft proposal on how the Dormant Assets funding should be used within the financial education space. We have opened a consultation on our proposal, which will be discussed and finalised at our upcoming Dormant Assets Industry Roundtable, with key financial education stakeholders in attendance.
Launching a groundbreaking survey on financial capability
The Centre was delighted to recently launch its new online survey to create a better understanding of what community-based charities need to support the families and young people they work with to become financially resilient and improve their money management skills. The research is funded by Columbia Threadneedle Foundation, the charity of leading global asset manager Columbia Threadneedle Investments, a member of the Centre.
Supporting the delivery of financial education
Through the Centre’s partnership with MyBnk, a financial education delivery provider, we have supported the delivery of 133 financial education programmes in the last academic year across London, South and North West England and across Scotland. This translates to an additional 2850 primary school children receiving financial education delivered by MyBnk’s expert trainers.
We were also delighted to organise for Bob Seely MBE, Conservative MP for the Isle of Wight to witness the award-winning Money Twist financial education programme. The session at Dover Park Primary School was funded by the Centre for Financial Capability and helped the pupils understand why people save, how to set money goals and how having positive money habits now can help in the future.
Looking to the future
The Centre is continuing to promote the importance of financial education at primary school, and we have a number of exciting events planned for later this year. Looking ahead, the Centre will continue to support the delivery of financial education programmes, contribute to research on financial education and raise awareness of the need to expand primary-aged financial education.
If you would like to take part in the consultation on the Centre’s Dormant Assets proposals, please contact stewart@tcfc.org.uk for further information.
To find out more about the Centre you can visit our website.
To find out more about the Centre you can read about our work and our policy proposals, or visit our website.
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