Building foundations for a better
Building foundations for a better
Twenty of Britain’s leading savings and investment firms, brought together by TISA, have launched KickStart Money, a first-of-its-kind initiative that calls for effective financial education to become a compulsory element of the National Primary School Curriculum.
Money consciousness and attitudes are set at the age of seven, according to research from the Money Advice Service.
However, financial education remains absent from primary school teaching, and significant proportions of the UK population lack the basic skills and knowledge to effectively manage their money.
KickStart Money has been developed as a mechanism for the financial services industry to proactively and collectively transform the long-term savings behaviour of the next generation.
An independent evaluation of the second year of our programme found that primary-aged pupils were better at understanding how to manage their money after KickStart sessions, delivered by MyBnk.
In response, we’ve written to the Prime Minister, calling on him to support compulsory primary financial education to help tackle the UK’s savings crisis. This crisis has left 8 million UK adults struggling with debt.
A FEW WORDS FROM OUR PARTNERS
Suella Braverman, MP for Fareham and Chair of the APPG inquiry into the effectiveness of financial education in UK schools:
“Young people are growing up with far greater opportunities to spend money and a wider range of financial decisions to make. Financial education has the potential to transform people’s life chances by equipping them with the vital skills to manage their money well and plays an important role in helping young people to navigate these new financial and consumer landscapes. Kickstart Money is a great new project which will help children up and down the country to learn how to manage their personal finances, setting them up to deal with the financial challenges of later life.”
Lord Hutton, former Secretary of State for the Department of Work & Pensions:
“Learning about the basics of money is essential if we want to build a more financially literate nation. KickStart Money is an exciting and much needed new project aiming to help young students to understand the consequences of debt as well as the importance of saving and investing for their future.”
KickStart Money’s prime delivery partner is the highly respected and award-winning financial education charity MyBnk.
HARLOW MP ROBERT HALFON JOINS YEAR 4 CLASS TO TALK MONEY MANAGEMENT
"I've had a great time learning about money management with students at Kingsmoor Academy. KickStart Money is a brilliant initiative that teaches pupils vital, lifelong skills in financial literacy.”
TEACHER TESTIMONIAL: MISS FIELD, WIMBLEDON PARK PRIMARY
“The team was fantastic at engaging the children with what could have been really tedious information. When have you ever heard adults get excited about APR rates, let alone children!”
Miss Field of Wimbledon Park Primary talks about how her Year 6 class responded to MyBnk’s financial education workshop attended by Stephen Hammond MP.
SOUTHAMPTON TEST MP IN THE CLASSROOM TO SEE HOW KICKSTART MONEY IS TACKLING “RAPID DECLINE IN THE UK’S SAVING CULTURE”
“KickStart Money is a great programme working to combat the rapid decline in the UK’s saving culture by promoting financial literacy at the crucial age when attitudes towards money are formed. It was fantastic to see the KickStart Money programme in action today and the impact that it is having at Bevois Primary School in my own constituency of Southampton Test”, said Dr Alan Whitehead MP.
MP FOR WIMBLEDON TALKS MONEY WITH LOCAL PRIMARY SCHOOL STUDENTS
“It was fantastic to visit KickStart Money at Wimbledon Park Primary, where this valuable life skill is taught at the age when attitudes towards money are formed”, said MP Stephen Hammond as he experienced first-hand how KickStart Money is improving financial education for the next generation.
MP FOR EALING SOUTHALL HEADS BACK TO SCHOOL FOR KICKSTART MONEY’S FINANCIAL EDUCATION PROGRAMME
MP for Ealing Southall Virendra Sharma visited Clifton Primary School in Southall to witness how its students are taking advantage of KickStart Money’s financial education programme. Mr Sharma joined a class of 9-10 year-olds as they learned about understanding the value of money, needs vs. wants, saving and budgeting.
20 December 2018
In December, KickStart Money concluded an exciting year with a visit from the Chancellor of the Exchequer, Philip Hammond. KickStart Money arranged for the Chancellor to visit Lyne and Longcross Church of England Primary School to see how children in his constituency are benefitting from our financial education programme.
15 May 2017
Sixteen of Britain’s leading savings and investment firms, brought together by TISA, are to launch KickStart Money, a ground-breaking collaborative project that aims to initially invest £1 million to take financial education to nearly 18,000 primary school children, in a movement to build a national savings culture for the future.
KickStart and MyBnk’s financial literacy quiz for The Sun
September 2019, Print