F&C Investments has partnered with iChild, the educational resource provider, to kick start the school year with a series of programmes and toolkits for parents and children about money and saving, after research shows that the majority of children start to receive pocket money for the first time from the age of five.
The F&C Saving Superstar Programme offers a series of practical and useful tools for parents to help start financial conversations with their children in an interesting and engaging way and from an early age.
The series of interactive activities - which covers basic topics, including budgeting for a weekly shop, saving for a specific toy through to credit versus debit cards, and shopping online - have also been designed in line with the National Curriculum.
The new programme comes after F&C and iChild research of over 900 parents revealed almost half of children in the UK (41%) begin to receive pocket money from the age of five, with over 1 in 10 (11%) receiving it from age six and 15% from age seven.
The research also revealed over 1 in 10 children (14%) receiving pocket money are already putting their money into bank accounts, and receiving an average amount of a little over £2.50 a week.
F&C head of investment trusts Marrack Tonkin said: "Our research shows that children are hit with a double whammy when they turn five; not only do they start school, but many also start to gain a small measure of financial independence by receiving pocket money from their parents for the first time.
"As a result, our Superstar programme is timed to coincide with the start of the school year, and in a format that meets National Curriculum standards, so parents can teach their children about the value of money and savings and as part of their school routine."
iChild editor Sara Maslin said: "The F&C Saving Superstar programme is a great way to familiarise young children with money at an early age.
"iChild and F&C recognise the huge importance of financial education, and we've really enjoyed developing these fun resources with F&C, to help parents teach their children at home.
"We hope lots of families will try the resources relevant to the age of their child, complete the programme using the reward charts and stickers along the way, and then award their child with a Saving Superstar certificate once complete."
The activities can be accessed through F&C's website www.fandc.co.uk/superstar and through iChild's website www.ichild.co.uk. The activities are downloadable PDFs which can be printed and used as often as needed.
Partner Insight: Continuing the Architas education series for clients.
What made financial headlines over the weekend?
290,000 already affected
Putting the tech into protection
Square Mile’s series of informal interviews