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Press comment: Money lessons should be in all primary schools as BoE & Beano back financial education

12 June 2020

If you are covering the news that the Bank of England has partnered with the Beano to provide financial education resources for primary schools, please see the following commentary from Quilter corporate affairs director, Jane Goodland:

“Financial education is crucial if we want to equip young people with the skills to manage their finances effectively once they reach adulthood. According to the FCA’s financial lives survey only 37% of us feel confident managing money. This can only be fully addressed by embedding positive behaviours and attitudes to money among primary school age children. This is because, like so many of our core attitudes and behaviours, the way we think about money is influenced massively by our childhood experiences.

“Research has shown that our financial attitudes are shaped early on in life, around the age of 7. Some children will pick up positive habits like effective budgeting, responsible borrowing and long-term saving from their parents. But we need to ensure all children get a grasp on the basics of financial prudence in primary schools.

“It is fantastic news that the Bank of England are backing this project to help get more financial education resources into primary schools. Quilter is a long-term supporter of the campaign KickStart Money, which aims to get financial education on the primary national curriculum so that it is taught across all schools in the UK. Independent evaluation shows that primary school financial education has a massive impact on young people and we continue to urge the government to make it part of the national curriculum.”

For more information contact

Michael Glenister
0207 7789 638  
07469 144 535
Michael.Glenister@quilterinvestors.com

Notes to Editors:

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £95.3 billion in customer investments (as at 31 March 2020).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions; and discretionary fund management.

The business is comprised of two segments: Advice and Wealth Management and Wealth Platforms.

Advice and Wealth Management encompasses the financial advice business, Quilter Financial Planning; the discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

Wealth Platforms includes Old Mutual Wealth UK platform and Quilter International, including AAM Advisory in Singapore.

The Old Mutual Wealth Heritage life assurance business was acquired by ReAssure Group Plc on 2 January 2020.

Since its IPO in June 2018, Quilter plc’s businesses have progressively rebranded to Quilter, as follows: 

  • Quilter Financial Planning (previously Intrinsic)
  • Quilter Private Client Advisers (previously Old Mutual Wealth Private Client Advisers)
  • Quilter Financial Advisers (previously Charles Derby Group)
  • Quilter Financial Adviser School
  • Quilter Cheviot
  • Quilter Investors
  • Old Mutual Wealth (becoming Quilter Investment Platform in 2020)
  • Quilter International (previously Old Mutual International)

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270.  Registered in England.