Brighton, UK, 26th August 2014 - Brighton’s Coombe Road Primary School has been selected to become a Centre of Excellence in financial education, as part of a ground-breaking 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 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 21 across the country set to benefit from this programme. The Brighton area has been identified as a target along with several 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 Coombe Road 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, the 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.
Dennis O’Sullivan, Headteacher at Coombe Road Primary School, said:
“We know just how important it is that our pupils leave Coombe Road with a firm grasp of the basics of money management. These are essential life skills that will stay with them for the rest of their lives, and by becoming a Centre of Excellence in we will ensure our pupils receive the very best start to their financial education possible.”
Tracey Bleakley, pfeg (Personal Finance Education Group) chief executive, said:
“We are extremely pleased to be working with Coombe Road 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.”
Chris Clark, 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
• pfeg (Personal Finance Education Group) is the UK’s leading finance education charity
• pfeg provides free support, resources and expert consultancy to help schools plan and teach financial capability. Its mission is to ensure that all young people leaving school are equipped with the confidence, skills and knowledge they need in financial matters to take part fully in society.
• pfeg works with teachers, government, consumer bodies and financial industry representatives to assist schools in delivering personal finance education to the highest possible standards – making sure that children and young people are able to understand money and make informed choices which will guarantee them security and economic well-being in the long-term.
• pfeg was won a Charity Times Award in 2012 for it’s What Money Means partnership with HSBC and was named Educational Charity of the Year at the Charity Awards in June 2010
• For more information see www.pfeg.org or contact Matt Hartley on 020 7330 9478 or email@example.com
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.