Our vision is to ensure that everyone receives a high-quality and effective financial education
Our vision is to ensure that everyone receives a high-quality and effective financial education in order to promote good financial habits early on in life. The purpose of this group is to consider, advise and lead industry initiatives that improve the provision of financial education from primary school age to young adulthood and beyond.
Previous evidence has shown that younger children aged 10–11 changed their financial habits following successful intervention in primary school. We understand that it shouldn’t stop here, as more recent studies have highlighted that many young people are still entering the world of work not being prepared for the money-related realities that lie ahead. This can lead to debt problems, affect their mental health and also find them suffering in the workplace.
The Centre for Financial Capability
TISA supports new charity founded to target primary school financial education as new research shows almost a quarter worry about money.
TISA is delighted to support the Centre for Financial Capability and its mission to ensure every child in the UK develops the skills and behaviours necessary to navigate critical financial decisions in their life – starting from primary school.
This charity was formed by the backers of KickStart Money, an award-winning coalition of financial services firms founded in response to ground-breaking research by the Money and Pensions Service that showed money habits are formed by age 7. Now, having proven the impact of early intervention financial education, the members of KickStart Money put their commitment on a longer-term more sustainable footing to combat the key challenges preventing effective financial education for all.
The Financial Education Committee meets quarterly, the TISA lead in this area is Carol Knight, CEO at TISA.
Achievements of the Group
Aviva Investors
Bank of Ireland (UK) PLC
Baringa Partners LLP
CMC Markets Investments Limited
CMS Cameron McKenna Nabarro Olswang LLP
Columbia Threadneedle Fund Management Limited
Columbia Threadneedle Investments EMEA
Cushon Money Limited
Dentons
Enterprise Investment Scheme Association
Equiniti
Forester Life
Franklin Templeton
GoHenry Family Finance Limited
Invesco
Investec Wealth & Investment Limited
JPMorgan Asset Management
L & G plc
Link Group
Lloyds Banking Group
LVFS
Money & Pensions Service (MAPS)
OneFamily
Pershing
Personal Finance Society
Phoenix Group
Rebalance Earth
Schroders PLC
Scottish Friendly
Scottish Widows Plc
St James Place Wealth Management
Tesco Bank
The Centre for Financial Capability
Unbiased Limited
Carol Knight, Chief Executive Officer leads on this work at TISA
Chair: Nici Audhlam-Gardiner, Foresters UK