If you are a TISA member, and would like to get involved with the Children’s Financial Education work, please get in touch
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Our vision is to ensure that every primary school aged child receives a high-quality and effective financial education
Recent TISA research of 1,000 16–17-year-olds indicated only 33% of young people recalled having had any financial education in school. However, 70% of those who did recall such interventions said that it had changed their attitudes to money. Evidence shows that even younger children aged 10–11 change their financial habits following successful intervention in school.
To consider, advise and lead industry initiatives that improve the provision of financial education for all children under the age of 18 years including support for their parents/family unit/carers.
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 are putting their commitment on a longer-term more sustainable footing to combat the key challenges preventing effective financial education for all.
Goal/s: The original 3-year goal was for KickStart Money to deliver financial education to 18,000 children. This goal was achieved in July 2020. TISA and the backers of KickStart Money then went on to launch the Centre for Financial Capability charity in 2021, whose mission it is 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.
Columbia Threadneedle Fund Management Limited
Enterprise Investment Scheme Association
Interactive Investor
Invesco
Investec Wealth & Investment Limited
JPMorgan Asset Management
Lloyds Banking Group
LVFS
Model Office
Money & Pensions Service (MAPS)
Nationwide
Northern Trust
OneFamily
Pensions Management Institute
Personal Finance Society
RateSetter
RedStart Educate
Schroders PLC
Scottish Friendly
Scottish Widows Plc
SS&C
St James Place Wealth Management
Tesco Bank
Young Enterprise
Carol Knight, Chief Executive Officer leads on this work at TISA
Chair: Robert Gardner, St James Place Wealth Management
