Today:

16/06/2021

Staff help children plan financial futures

Share this article

Employees from leading wealth management company St. James’s Place have been back to the classroom in Gloucestershire as part of a scheme to help children become better financial planners and savers.
Nearly 50 staff from the Cirencester-based company spent a day at the Deer Park and Kingshill schools in the town helping 14-16 year old children in the two schools gain a better understanding of managing their finances and planning for the future.

Hugh Gladman, Company Secretary for St. James’s Place, said: “We have encouraged our staff to use their skills to help charities and other local organisations for many years. To expand our volunteering programme, we decided to team up with the local schools in Cirencester to provide a day of financial education to their pupils.

“We hope to expand the programme in future years following the encouraging feedback from the schools and the pupils who took part in the programme.”

The programme, Money Money Money, was run in conjunction with Magnified Learning, which specialises in delivering learning programmes for employees of large businesses to help young people explore a range of social issues directly affecting them.

Aroop Tanna, Director of Magnified Learning, said: “The Money Money Money programme is a national initiative that enables financial services organisations to help young people become more financially aware.

“Participants are taught to budget properly using an exercise based on them looking ahead five years from now, being in work, renting a flat, and managing their finances. It is powerful for them to have a team of people from the business world coming in to facilitate their learning. At the same time, the classroom experience represents a great professional development opportunity for employees.”

He added: “With no place for financial education in the national curriculum, it is clear there is an advice gap that needs to be filled. The programme tries to turn children into better financial planners and to be ‘savers’ rather than ‘spenders’, and has done so with some great successes to date. Prudent financial management is a key life skill that young people need.”

Kingshill SchoolKingshill SchoolKingshill Head Teacher Christine Oates said: “We were very grateful to all the staff from St. James’s Place and Magnified Learning who generously gave up their time to share their wealth of knowledge with our year 9 pupils enabling the “Money Money Money” day to be such a huge success.

“The year 9’s are full of the stories they were told about student days, past jobs and exactly how little some jobs pay. The pupils excelled at the realism of the day and the fact they were taught by people from outside of the school environment.”

Deer Park SchoolDeer Park SchoolChiquita Henson, Head Teacher at Deer Park School said: “Our pupils benefitted enormously from the engaging exercises which not only gave each of them a ‘salary’, but significantly prompted them to think about the relationship between income and expenditure and the need to make careful and informed decisions.

“I am confident that many will apply their learning, demonstrate a better understanding of the cost of living and manage their own money more effectively in the future as a result of these important lessons.”

St. James’s Place Wealth Management is a leading UK wealth management organisation. Founded in 1991, St. James’s Place was listed on the London Stock Exchange in 1997 and is now a FTSE 250 company with £31 billion funds under management. The company provides face-to-face advice to clients based on their individual needs and circumstances, adapting the advice as requirements change over time to ensure that recommendations remain appropriate.

Source:Parabola Communications

Similar Articles

Don't Miss

Jobs available in Croydon

The main employment sectors in Central Croydon are retail and enterprise. Also the area 'Purley Way' has many retail parks, outlet and malls making it a destination for shoppers looking for stores that carry the full range of products. Here there are many opportunities for sales assistants, consultants and store managers. IKEA Croydon brought many non-skilled jobs to Croydon and is the fifth biggest employer in Croydon.

Morris Leslie plant hire company rises from losing millions to investing £70m

Perthshire plant hire giant Morris Leslie was hit hard by the Covid 19 pandemic, however the company was struggling before that because of Brexit. Six months before Covid 19 shut down building sites and locked down the UK the company Morris Leslie has already experienced tough times. Uncertainty because of Brexit had already caused building projects to be shut down or paused causing a much lower demand for plant hires and sales. This slowdown had caused an oversupply of construction equipment meaning more competition and so reduced prices. Then Covid 19 hit and the group’s vehicle auctions and Sunday car boot market were shut down.

Jobs available in Lambeth

Lambeth is a borough in Central London that is quickly developing into a business and cultural hub. Along the River Thames is a pedestrianised area running next to the river Thames called the 'South Bank' which is a great destination for tourists and locals alike. This area includes cultural draws such as the Southbank Centre and National Theatre where actors, singers, lighting technicians and set designers can all find opportunities. Other tourist attractions such as the London Eye, London Dungeons and London Aquarium are also found along the Southbank providing lots of employment. There is a great range of restaurants as well, taking advantage of the high footfall of people enjoying the great views of the city of London along this walkway. Cultural events, Street performs and the annual Christmas market all make the Southbank a destination for tourists and locals throughout the year and provide employment oppertunities. The Oval cricket ground is located in Kennington and is home to the Surrey County Cricket team as well as international matches. These events draw huge crowds and offer employment for security staff, chefs and waiting staff.