The youngsters chose to study the ‘Foundation in Financial Services and Money Management’ (offered by Engage Mutual Assurance) in addition to their A Level curriculum, in order to prepare themselves for the financial challenges faced by youngsters about to leave school
The ten-week course consisted of 1½ hour sessions with occasional preparation or homework and it was delivered on site at Engage, to allow the students to experience a financial organisation at work.
“Improvements in numeracy, communications and problem solving have been really apparent and I’m sure all of the students would agree, it’s been a really worthwhile course that has helped them get to grips with the subjects covered.” Said St Aidan’s teacher Duncan White.
Understanding how financial products fit together
Jo Lyone, a student on the course, said “I found the most useful aspect of the course was the framework it gave that helps us understand how financial products fit together. I’ve not done anything about my finances since the course, but I do feel more prepared for the future.”
The course was designed to give students the foundations to manage their own finances effectively and to establish the skills they’ll need to help secure their future financial welfare.
Course Leader, Debbie Widdowson, was so impressed with the enthusiasm shown by the group that she invited them to play the role of Engage’s product development team by designing an investment product. “The students had some ground-breaking ideas and we really wanted to make this a two-way project. I was impressed with how much information they took on board and am delighted they have all earned their certificates of achievement.” said Debbie.
The students received their certificates from engage’s Chief Executive, Andrew Haigh, at a dedicated ceremony. The students were also recognised with a prize for creating an innovative investment product, which was the final challenge on the course.