Supporting financial education for school children

Did you know that 9 in 10 UK adults – that’s 47 million of us – don’t find it easy to talk about money, or to discuss it all. [1]

And only one in three children currently access any form of personal finance education at primary school. This is despite evidence that habits around money are being formed by the age of 7 and just 5% of parents think that their children leave school with the skills needed to manage money well. Financial education is most effective when children are developing their first thoughts and values about money. [2]

So we’ve made JFF a Schroders Giving partner to help build financially resilient communities where everyone has an equal opportunity to thrive. 

JFF has already served 65,000 children in mainstream schools, pupil referral units and schools catering to children with specialist educational needs and intends to reach 10% of all primary schools by 2025.

Our partnership

We, together with several other asset managers, are supporting JFF to offer high-quality, values based financial literacy programmes, which are embedded in early years curriculum.  

JFF’s Lifesavers programme trains teachers and supports schools to deliver financial education in a memorable and sustainable way, including running savings clubs to give children “real life” experience.

JFF resources, which are developed by teachers for teachers, are easily adapted for children of every ability and all backgrounds to deliver the programme year on year.

“Getting people to engage with and talk about money and to learn values around it at an early age is just so important and working with primary children often has the added benefit of bringing in their parents,” comments Sheila Nicoll, Senior Public Policy Advisor at Schroders.

Sarah Wallace, Director of Programmes and Innovations at JFF says: “Financial education has the greatest impact when delivered at school from a young age, yet millions of children are still missing out. The commitment Schroders have made is game-changing, helping us to level the playing field, support teachers, and reach more children with financial education at scale.”

Supporting children’s education globally

In the US we partnered with Read Alliance in 2008,  to accelerate the educational trajectory of early elementary school students. Read Alliance harnesses the influence of teens in under-resourced communities to provide one-to-one literacy tutoring to those in need.

With Read Alliance, we’ve also helped create a bespoke financial education programme to help teens learn more about financial services and understand opportunities for career growth and advancement.

About our Schroders Giving partnerships

Our Schroders Giving charity partnerships align to our corporate sustainability strategy, which is structured around causes related to ‘people’ and ‘planet’. We focus on specific issues in order to have real impact, supporting causes like tackling social mobility or mental health. Our areas of focus are determined by our global Charity Committee.

We also support our people in their own community efforts by offering generous matching schemes from payroll personal donation matching to volunteering and fundraising.

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[1] Schroders Personal Wealth

[2] Just Finance Foundation

 

 

 

 

 



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