- 15
- Mar
A financial education programme run by Britannia targeted at school children is being introduced into schools across three counties, with the aim of preparing pupils for the financial hurdles they may face in the future.
Schools in Staffordshire, Derbyshire and Cheshire will run the 30-minute workshops, which are intended for 14-16-year-olds.
Issues such as financial jargon, opening an account and related loans information, such as that associated with credit and budgeting, will be covered.
"Ensuring school leavers have a basic understanding of how savings, mortgages, insurance and pensions work will help them plan for their needs," said Neville Richardson, chief executive of Britannia.
Programme coordinator Claire Irons agreed with Mr Richardson’s comments, stressing that it is "extremely important" for young adults to take control of their own financial wellbeing.
Improving financial understanding, including loans comprehension, has been at the forefront of financial news recently, with the government announcing a financial inclusion fund that will run for four years.
Announcing the fund, economic secretary to the Treasury Ed Balls said that it was important to back projects "promoting access to affordable credit, providing money advice and helping to protect vulnerable people".
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