Brighton-based financial services company, OneFamily, welcomed 30 enthusiastic Year 6 students to their Brighton office for a day full of fun activities designed to teach pupils essential money management skills.
The event was organised in collaboration with charity, RedSTART, which transforms the lives of children in some of the UK’s most disadvantaged areas through financial education. OneFamily volunteers ran a variety of activity stations and games for the local primary school pupils, introducing them to topics such as budgeting, investing, and saving.
At the beginning of the session, each student was given ‘£500’ to spend at different stations, allowing them to choose to save, invest, or risk their money. Their goal was to increase their pot over four rounds of activities to help them learn about the themes of risk and returns.
Activities included performing star jumps for extra ‘pounds’, investing in building the tallest towers, and playing card games to increase their pots of money.
Working with 47 primary schools across the UK, RedSTART aims to give children a head start with their financial wellbeing. Introducing financial education at an early age and working with them throughout their time at school, RedSTART helps students develop the skills they need to look after their money, budget and avoid debt when they get older.
RedSTART believes financial habits are learned in childhood and that teaching children about money is the foundation of their financial security later in life.
Philippa Herz, Chief Finance Officer at OneFamily, said, “It was a pleasure to meet such a great group of kids and to be part of the RedSTART experience with them. It’s a fantastic opportunity and really shows that fun financial education can make a big difference to how the children will make important choices in later life.
“It can be difficult to manage your finances without a clear understanding of how money works and providing this knowledge early on in life helps develop good habits for the future. I’m so pleased OneFamily is able to support the important work RedSTART does.”
Christina Lartey, Southeast Regional Manager at RedSTART said “We were delighted to be hosted by OneFamily last week for the RedSTART financial education workshop. The children’s enthusiasm for learning about personal finance and exploring careers at OneFamily was inspiring, with one eager child even asking if she could apply on the spot! The OneFamily team excelled at engaging and encouraging the children, making it a wonderfully positive and inspiring day.”
Notes to Editors
About OneFamily
OneFamily is a member-owned financial services company that offers lifetime ISAs, lifetime mortgages, junior ISAs, child trust funds, bonds, over 50s life cover along with life insurance and critical illness cover under the Beagle Street brand.
We have over 45 years’ experience of being a trusted provider of financial solutions, with nearly 1.6 million customers and over £5.5 billion in funds under management at the end of 2022.
We are the UK’s biggest child trust fund provider, holding over 25% of the market.
Supporting our members and their communities
At OneFamily, we’re owned by our members for our members – and doing right by them is at the heart of our business.
We don’t have shareholders to pay dividends to, so we reinvest our profits to provide quality products and services for the benefit of our members.
We think that financial products should be accessible to everyone regardless of how much money they have to invest. That’s why our products have low investment levels and minimum contributions, giving more people the opportunity to save regardless of their circumstances.
Inspiring Better Futures
Our Inspiring Better Futures vision underpins our commitment to doing the right thing at every level for our members and customers, colleagues and communities.
The Inspiring Better Futures vision is built on 3 pillars – Members and customers, colleagues and communities.
Our focus is on long-term sustainability, so we can continue to be relevant and impactful to our members and communities.
Access to education and training
The costs of further education and training can be a barrier to many young people and their families. This is why we offer OneFamily customers the opportunity to apply for a Young Person’s Education Grant of up to £250 – for someone aged 15-19 – to help meet these costs, when they would otherwise struggle without financial assistance. The grant can be used towards study materials, specialist uniform, travel costs or a laptop/tablet.
Applications are open throughout the year, and grants are awarded following a random computerised draw.
We awarded over £52K to 210 young people through our Young Person’s Education Grants in 2022, helping them to invest in a better future.
Charity Partnerships
Supporting our communities has been a key focus of ours for many years. We’ve established partnerships with local and national charities that champion access to education and improving life chances for people from disadvantaged backgrounds.
For more information on how we support our members and communities see:
onefamily.com/our-story/membership/education-grants/
onefamily.com/our-story/charity-partnerships/