Latest news with #FinancialEducationBill
Scotsman
09-05-2025
- Business
- Scotsman
Lloyds Banking Group teams up with online school to teach young people to manage their money
Watch more of our videos on and on Freeview 262 or Freely 565 Visit Shots! now Leading online school Minerva Virtual Academy (MVA) has launched a series of education films with Lloyds Banking Group, to empower young people with managing their money. Sign up to our daily newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... The collaboration, which is available through Lloyds, Halifax and Bank of Scotland's websites, gives 11-16 year olds a strong grounding in finance, through a five-part 'bite-size' video series. The short films were made by MVA founder Hugh Viney, alongside Kate Meeks, the Head of MVA Studio. The videos cover How Money Works, Budgeting Basics, Saving Money, Choosing a Bank Account, and Employment. The series can be found on the following links: Advertisement Hide Ad Advertisement Hide Ad There are five films in the series Bank of Scotland: To support its own students, MVA, which has more than 1,000 pupils aged 11 to 18, is also developing a financial education course, building on the principles in the videos. Advertisement Hide Ad Advertisement Hide Ad MVA and Lloyds have worked on the films This comes as a spotlight falls on financial education in schools. Recently, Peter Bedford MP introduced a 10 Minute Rule Bill to Parliament, aiming to mandate financial education for all young people aged four to 18 in English schools. The Financial Education Bill seeks to build on the work of previous governments by mandating primary schools and post-16 educational settings to teach students the essential skills for managing their money. 'We are delighted to be working with Lloyds, Halifax and Bank of Scotland on these important and timely films,' said Hugh. 'One of the key principals when I founded MVA was to make sure our students are prepared for the world after school, and financial literacy is a fundamental part of that - it is one of the most important skills we can pass on to young people. Advertisement Hide Ad Advertisement Hide Ad 'As an online school, we pride ourselves on our innovation and on producing eye-catching teaching resources through MVA studio, and we hope these videos will form part of a wider conversation about teaching children the importance of financial management.' Kate added: 'We're pleased that a national conversation is beginning to take place on the importance of financial education in our schools. We're already developing our own course and resources for our pupils. The better understanding of money our young people have at an early age, the better they will be equipped to deal with life after school.' Tamara van den Ban, Customer Propositions Director from Lloyds Banking Group, said: 'Starting early with money management can set the stage for a lifetime of financial success and positive money vibes. We're excited to be at the heart of this journey, providing young people with the tools to dive headfirst into the world of finances. With MVA, we're pleased to offer this series of videos that introduce young people to the basics of looking after their money, setting them up for a bright financial future."
Scotsman
09-05-2025
- Business
- Scotsman
Lloyds Banking Group teams up with online school to teach young people to manage their money
Leading online school Minerva Virtual Academy (MVA) has launched a series of education films with Lloyds Banking Group, to empower young people with managing their money. Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... The collaboration, which is available through Lloyds, Halifax and Bank of Scotland's websites, gives 11-16 year olds a strong grounding in finance, through a five-part 'bite-size' video series. The short films were made by MVA founder Hugh Viney, alongside Kate Meeks, the Head of MVA Studio. The videos cover How Money Works, Budgeting Basics, Saving Money, Choosing a Bank Account, and Employment. The series can be found on the following links: Advertisement Hide Ad Advertisement Hide Ad The videos cover all aspects of money management Bank of Scotland: To support its own students, MVA, which has more than 1,000 pupils aged 11 to 18, is also developing a financial education course, building on the principles in the videos. Advertisement Hide Ad Advertisement Hide Ad MVA and Lloyds have collaborated on a series of educational videos This comes as a spotlight falls on financial education in schools. Recently, Peter Bedford MP introduced a 10 Minute Rule Bill to Parliament, aiming to mandate financial education for all young people aged four to 18 in English schools. The Financial Education Bill seeks to build on the work of previous governments by mandating primary schools and post-16 educational settings to teach students the essential skills for managing their money. 'We are delighted to be working with Lloyds, Halifax and Bank of Scotland on these important and timely films,' said Hugh. 'One of the key principals when I founded MVA was to make sure our students are prepared for the world after school, and financial literacy is a fundamental part of that - it is one of the most important skills we can pass on to young people. Advertisement Hide Ad Advertisement Hide Ad 'As an online school, we pride ourselves on our innovation and on producing eye-catching teaching resources through MVA studio, and we hope these videos will form part of a wider conversation about teaching children the importance of financial management.' Kate added: 'We're pleased that a national conversation is beginning to take place on the importance of financial education in our schools. We're already developing our own course and resources for our pupils. The better understanding of money our young people have at an early age, the better they will be equipped to deal with life after school.'
Yahoo
11-03-2025
- Business
- Yahoo
MP says schools should teach ‘game of life' rules in financial education call
Young people face the 'game of life' without knowing how to manage their money, a Conservative MP has said. Peter Bedford proposed a new law which would compel primary schools and further-education colleges to teach their students financial skills, amid fears online shoppers fall prey to 'marketing wizards' instead of saving up. Introducing the Financial Education Bill using the Ten Minute Rule process, Mr Bedford told the Commons: 'We are collectively creating the greatest financial crisis of our time. 'The problem, quite simply, is that we as a nation are not living within our means. 'There was once a sense that people had certain financial responsibilities – to save for a house, to save for retirement, to save for holidays or for a 'rainy day' – but no more.' The MP for Mid Leicestershire later added: 'Offers pop up on our screens every day created by marketing wizards who know exactly where we are most vulnerable, using our search history to whet our appetite for new books, video games, appliances, overseas trips. 'And in a single click, we are committed and plunged further into the red.' Mr Bedford told MPs that the solution 'doesn't require extra resource, just extra creativity', as he said money has become 'synonymous with anxiety'. He referred to a government drive more than a decade ago to improve financial literacy among pupils aged 11 and over, when Lord Cameron was prime minister, and said the Bill would help in 'consolidating that learning' by extending financial education to primaries and tertiary education settings such as colleges and universities. 'We're sending our young people out into the world, putting them into the game of life, without even teaching them the rules first,' Mr Bedford said. 'In an age when many believe the responsibility for toothbrushing should be handed to teachers, we can't leave our entire financial future to materialise like magic, before our economy decays even faster than those young teeth.' The Bill will be listed for a debate on April 25.
The Independent
11-03-2025
- Business
- The Independent
MP says schools should teach ‘game of life' rules in financial education call
Young people face the 'game of life' without knowing how to manage their money, a Conservative MP has said. Peter Bedford proposed a new law which would compel primary schools and further-education colleges to teach their students financial skills, amid fears online shoppers fall prey to 'marketing wizards' instead of saving up. Introducing the Financial Education Bill using the Ten Minute Rule process, Mr Bedford told the Commons: 'We are collectively creating the greatest financial crisis of our time. 'The problem, quite simply, is that we as a nation are not living within our means. 'There was once a sense that people had certain financial responsibilities – to save for a house, to save for retirement, to save for holidays or for a 'rainy day' – but no more.' The MP for Mid Leicestershire later added: ' Offers pop up on our screens every day created by marketing wizards who know exactly where we are most vulnerable, using our search history to whet our appetite for new books, video games, appliances, overseas trips. 'And in a single click, we are committed and plunged further into the red.' Mr Bedford told MPs that the solution 'doesn't require extra resource, just extra creativity', as he said money has become 'synonymous with anxiety'. He referred to a government drive more than a decade ago to improve financial literacy among pupils aged 11 and over, when Lord Cameron was prime minister, and said the Bill would help in 'consolidating that learning' by extending financial education to primaries and tertiary education settings such as colleges and universities. 'We're sending our young people out into the world, putting them into the game of life, without even teaching them the rules first,' Mr Bedford said. 'In an age when many believe the responsibility for toothbrushing should be handed to teachers, we can't leave our entire financial future to materialise like magic, before our economy decays even faster than those young teeth.' The Bill will be listed for a debate on April 25.
