Personal Finance of the Year Competition

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DEADLINE FOR ‘2018 PERSONAL FINANCE TEACHER OF THE YEAR’ COMPETITION

 

EXTENDED TO END APRIL IN LIEU OF EASTER RECESS

 

Will it be you?  Will your School share in the £12,500 prize pot?

 

 

Money Advice Service (‘MAS’) research¹ identified that just four in 10 young people aged between seven and 17 are receiving any form of financial education at school.  Consequently 60% of us run the risk of approaching adulthood poorly prepared for the financial challenges that lie ahead, ill-equipped to manage our own money and to handle basic financial affairs.  The research, amongst children aged 16 to 17, has set the alarm bells ringing.

 

·              One in three (32%) have no experience of depositing money into a bank account;

·              One in four (39%) do not have a current account;

·              One in six (59%) couldn’t read a payslip.

Yet of those children who had received financial education lessons at school, nine in 10 (90%) said they had found them useful.  Leading personal finance magazine Moneywise believes it’s never too soon for young people to learn about their finances – and is a positive force for mastering money basics early on in life and helping children to become financially savvy.  The ‘Moneywise Get Financial Education Working Campaign’ was launched to spread the word about financial education resources and best practice, but Moneywise took its campaign a stage further when it launched its ‘Personal Finance Teacher of the Year Competition’, which is now in its third year.

The search for the 2018 ‘Personal Finance Teacher of the Year’ – which offers schools with the best personal finance teachers £12,500 to spend on equipment – is well underway, but as many will not return from the Easter recess until next week and Moneywise keen to extend the reach of the Competition, it has extended the entry deadline.

Teachers at both primary and secondary level in UK schools are eligible for the Competition and this year Moneywise will be making separate awards at each level, splitting the enhanced £12,500 prize pot between the winners and runners-up.  Whether a Head Teacher, Teacher, Governor, Pupil or Parent, you can nominate someone who makes the teaching of personal finance fun, interactive and relevant; simply email editor@moneywise.co.uk with the name of the teacher(s) and the name and address of the school(s), along with your reason(s) for nominating them.  Moneywise will then contact the teacher(s), inviting them to submit their entry, including three favourite personal finance lessons.  Teachers can also enter the Competition direct, downloading an entry form using the following links.

moneywise.co.uk/keystage-one-entry-18

moneywise.co.uk/keystage-two-entry-18

Moira O’Neill, Head of Personal Finance, Publishing and Communication at Moneywise’s parent company, interactive investor, is deeply passionate about making the next generation better equipped to deal with the everyday challenges of managing money. She says: “Financial education is not yet part of the UK’s primary curriculum and with research confirming that adult money habits are set by the age of seven years old², it is critical that financial education begins at a young age.  At Moneywise we are championing the cause for personal finance tuition in schools and through the Personal Finance Teacher of the Year Competition, celebrate best practice in the field.”

 

Board game and bus roadshow visit for all Competition entrants

Each teacher who submits an entry will receive a copy of money board game bMoneywize to use in lessons at their school.  Aimed at children aged 10 to 17, bMoneywize offers a fun, interactive and innovative way to address low financial literacy, poor numeracy, low educational attainment and engagement with mathematics.  The game requires players to make financial decisions, while exposing them to the financial impact of real-life situations.

In addition, the Competition sponsor, F&C Investment Trust, is running a schools’ roadshow during 2018, hosting fun sessions on ‘Why Investing Matters’, with each entrant receiving a visit from the campaign bus (schedules permitting).  Competition winners and runners-up will be announced at Moneywise’ flagship Customer Service Awards on 7 June 2018.

 

¹ Money Advice Service, November 2016

² Money Advice Service, 2013

School Leadership Today
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