Starting young: Parents perfectly placed on financial education

Maps developed a UK strategy for financial wellbeing

Jenna Brown
clock • 2 min read

Parents are best placed to provide financial education but many do not feel confident enough to talk about money with their children, delegates heard.

Speaking at the Personal Investment Management & Financial Advice Association (PIMFA) Women's Symposium today (17 April), Money & Pensions Service (Maps) Scotland manager and gender lead Allison Barnes encouraged all parents in the audience to talk money at home to build financial resilience from an early age. She said: "Money skills are formed really early. Parents and carers are one of the biggest factors. Children look to you to see what you are doing. "There are lots of ways to teach children about money but a lot of parents we have spoken to have a lack of confidence." Barnes ...

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