Lakes Primary School, Redcar, has been recognised as a Centre of Excellence in financial education, after taking part in a ground-breaking national programme run by national charity pfeg (Personal Finance Education Group) and global information services company Experian©.
The school has been working with pfeg educational specialists to create a tailored financial education programme to help pupils gain the skills, knowledge and confidence they need to manage their money. Teachers at the school, on West Dyke Road, Redcar, have been trained to deliver effective and engaging lessons in personal finance and money management.
Lakes Primary School is one of 21 schools across the country to have benefited from the programme, which was announced earlier this year. The Redcar area was 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.
As a new pfeg Centre of Excellence, the school will now be supported in cascading its new knowledge and expertise in the delivery of financial education to help other schools in the local area set up their own programmes. The move is part of the charity’s programme to spread best practice across the country.
Janet Madden, Headteacher at Lakes Primary School, said:
“We are thrilled to gain our pfeg Centre of Excellence award. Staff here have worked extremely hard to gain this recognition for the school, and we already seeing the benefits that financial education can bring to our pupils. We are now looking forward to continuing this work and to cascading our new expertise to other schools in the area.”
Tracey Bleakley, pfeg (Personal Finance Education Group) chief executive, said:
“Lakes Primary School has worked extremely hard to achieve this sought-after award, and we would like to congratulate the school on its achievement. The school’s new expertise in financial education will be of enormous benefit to pupils, parents and the wider community. We are delighted to have worked with Experian to help make it happen.
“It has never been more important for young people to learn how to manage their money, and it is crucial that their financial education starts from an early age. Recent research by the government-backed Money Advice Service confirmed that financial habits in adulthood are established by the age of just seven years old – making it essential that primary schools help to give children the skills and knowledge they need as early as possible. The work that Lakes Primary School is now doing will make a big difference to its pupils’ futures.”
Craig Boundy, Managing Director, Experian UK&I, said:
“We’re delighted that Lakes Primary School has achieved its Centre of Excellence award. Our important partnership with pfeg is making a real difference to children and schools right across the country, particularly in areas where support is needed the most.
“Helping people of all ages 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 is helping give thousands young people the opportunity to gain the vital knowledge and skills they need to make the right decisions about money, now and in the future.”
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NOTES TO EDITORS
*About pfeg Centres of 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.