"The IFS School of Finance run a course for 14-19 year olds to improve the financial capability of young people so that future generations can manage their finances effectively. I discussed with the students insolvency generally, how it best can be avoided and where to go for help. The class were given the opportunity to ask questions and gain as much knowledge on the world of insolvency as possible. The questions asked showed that this course is clearly offering invaluable insight to the students.
I find it pleasing that the next generation are being given the opportunity to learn some valuable financial skills and an insight into the financial world which wasn’t previously available at schools. It was also rewarding that I was able to give something back to the local community.
The FSA considered this course necessary as a survey showed that many UK consumers lack the confidence to effectively make decisions about their money. This is worrying in a society where there are few aspects of life that do not require some form of financial transaction."
For more information, please visit www.ifslearning.ac.uk