Journalists are invited to attend the school’s Money Extravaganza from 2.30pm on Tuesday 8th October by prior arrangement – contact Matt Hartley on 0207 330 9478 or firstname.lastname@example.org for more info
Redcar’s Lakes Primary School has been selected to become a Centre of Excellence in financial education, as part of a ground-breaking new partnership between global information services company Experian© and pfeg (Personal Finance Education Group), the UK’s leading financial education charity.
The move means that pupils at the school on West Dyke Road, Redcar will have access to a life-changing financial literacy programme enabling them to gain the skills, knowledge and confidence they need to be able to make the right financial decisions and manage their money well into adulthood.
The school is one of 20 across the country that will benefit from this programme. The Redcar area has been identified as a target along with five other areas by Experian using its tools to identify levels of use of financial services such as bank and savings accounts. Experian is funding the development of Lakes Primary School to achieve pfeg Centre of Excellence* status in the next year, turning it into a beacon of best practice in teaching children and young people about money.
pfeg’s educational specialists will work with the school to help create a tailored financial education programme for pupils and to ensure all teachers are trained to deliver innovative personal finance lessons and activities. In addition, trained Experian volunteers will be made available to offer support to teachers in the classroom.
As part of the programme, Lakes Primary School will also be supported in cascading its knowledge and expertise to help other schools in the local area set up their own financial education programmes. This will help to make a significant and lasting impact on the local community.
Janet Madden, Headteacher at Lakes Primary School, said:
“Managing your money is such an important life skill that we believe the school has a responsibility to teach it to all of our pupils. We are delighted to be developing the school into a Centre of Excellence in financial education, so that all of our pupils can learn about money in a fun and engaging way. This will make a real difference to their futures.”
Tracey Bleakley, pfeg (Personal Finance Education Group) chief executive, said:
“We are very pleased to be working with Lakes Primary School and Experian to develop the school into a Centre of Excellence. This is the next exciting stage in our expansion of the pfeg Centres of Excellence programme, and will benefit thousands of young people in the local area. This programme is a key part of our plans to ensure that every young person leaves school with the skills, knowledge and confidence they need to manage their personal finances.”
Craig Boundy, Managing Director, Experian UK&I, said:
“This important new partnership with pfeg will make a real difference to children and schools in those areas in the UK where support is needed the most. Giving people access to the information they need to make better financial decisions sits right at the heart of Experian and we have been developing free financial education resources for a number of years. The combination of pfeg’s expertise with Experian’s high-quality teaching resources and our classroom volunteers will mean that young people have the opportunity to gain the vital knowledge and skills they need to make the right decisions about money.”
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NOTES TO EDITORS
*About pfeg Centres of Excellence
- To achieve Centre of Excellence status, schools must achieve the following criteria
- Senior leadership commitment – a headteacher who wants their teachers to be trained to teach personal finance education;
- A champion – a key teacher with day-to-day responsibility for driving quality personal finance education;
- A school/college development programme – a well planned and high quality provision of financial education;
- Effective teaching, learning and assessment approaches – trained teachers who can motivate, challenge and assess pupils’ learning;
- Pupil involvement – pupils who are involved and motivated to learn
- Community engagement – links to other organisations locally and a willingness to use financial sector volunteers to add value;
- Dissemination and sustainability – the ability to operate independently of pfeg support and the enthusiasm to showcase and disseminate work to inspire other local schools/colleges;
For more information on the Centres of Excellence Programme see http://www.pfeg.org/services/centres-excellence
Experian and financial education
Experian has run a financial education programme in the UK since the mid 1990s and has developed a wide selection of resources to help young consumers get to grips with issues around money, credit and credit checking. Existing teaching resources include Creditability, an interactive computer game for 14 to 16-year-olds and Getting Credit: A beginner’s guide a set of lesson plans and support materials. All of Experian’s education resources are available from http://www.experian.co.uk/consumer/resources.html
Experian is the leading global information services company, providing data and analytical tools to clients around the world. The Group helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2013 was US$4.7 billion. Experian employs approximately 17,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
For more information, visit http://www.experianplc.com.