The Personal Finance Society (PFS) is bolstering its educational capacity, doubling the number of sessions it is delivering to schools in 2020.
The PFS launched its pro bono initiative My Personal Finance Skills earlier this year and will roll out more than 250 education sessions to 7,500 students across the UK between September 2019 and July 2020. For the next academic year, that is expected to increase to at least 500 sessions.
The program includes teachings on how to manage your money into adulthood, including information about national insurance, pensions, everyday expenditure, about decision-making and understanding attitude to risk and about identifying scams.
It initially involved a board game called "Discover Fortunes", which uses gamification to capture the attention of school children.
More than 750 advisers have signed up to be ambassadors of the initiative and the PFS provides them the tools they need to teach the workshops.
PFS chief executive Keith Richards said his vision was to "ensure every school in the country benefits from financial awareness and education".
"In the past two decades, too many people entered the workplace with no idea of what financial planning was about. Since the demise of industrial branch insurance and savings advisers, young people rarely witness their parents interacting with financial planning," he said.
"My Personal Finance Skills is introducing the next generation to the benefits of financial budgeting and basic life planning before they enter the workplace or higher education. Some of the students who attend these sessions are even leaving school inspired to become a financial planner but most importantly all the students learn about the importance of having a financial plan."
The workshops are designed to fit within a one-hour school timetabled session.
More content is expected to be delivered through the program next year.
PFS conference 2019
PFS conference 2019