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Backstage with Keith Richards – 1 June 2021

Blog

Publication date:

01 June 2021

Last updated:

01 June 2021

Author(s):

Keith Richards

Wow, what an unusually fantastic Bank Holiday weekend which I hope everyone managed to enjoy. As I travel into London today the great weather and clear blue skies continue which makes everything seem so much more positive.

I will be meeting with Sir Hector Sants, Chair of the Money and Pensions Service to discuss a broader consumer financial education and awareness programme which nicely links to the ongoing Financial Wellbeing programme the PFS launched in partnership with ITN productions last year 

Our Financial Wellbeing initiative will next showcase the profession’s own commitment to pro-bono through Forces MoneyPlan and My Personal Finance Skills which is also building content (with the help of member practitioners) to form part of the Duke of Edinburgh Awards.

I couldn’t be more proud of the increasing success of My Personal Finance Skills and commitment from 1,000 volunteers – thank you!

ITN showcases PFS financial education initiative

What students, schools and financial advisers gain from taking part in My Personal Finance Skills sessions is explored by ITN Productions Financial Wellbeing programme.

The My Personal Finance Skills initiative sees Personal Finance Society members deliver free financial education workshops to school children across the UK.

When asked by an ITN reporter what she gained from attending a My Personal Finance Skills workshop, Lillie Woolmer, student at Aylesford School, said: “Before you would spend (money) on things you like the look of and now you think more carefully about what is needed.”

Ben Doggett, head of careers for Aylesford School, said: “Students felt they weren’t learning enough in school about their finances. The engagement and support we have had from the Personal Finance Society has been absolutely excellent. They have communicated everything so well, quickly and clearly.”

Robert Boland, Chartered Financial Planner and My Personal Finance Skills Education Champion, said: “The fact there is a finance professional in that room with them – they just love it. They want to know more about how they get their first mortgage, how they get from living with their parents to owning their own property and how they manage their pay slip.”

To watch the programme or find out more about how to take part in My Personal Finance Skills visit: https://mypersonalfinanceskills.org. To become a My Personal Finance Skills education champion email volunteers@thepfs.org.

Personal Finance Awards 2021/22

We’ve seen a steady flow of entries to the Personal Finance Awards 2021/22 so far. The deadline is 1 July, so whether you’re a veteran – or a first-time entrant – take a few moments to review the categories and start planning your entry.

Visit www.pfsawards.org to find out more including our top tips for creating a successful entry. Finally, take a moment to watch last year’s Retirement and Later Life Sebastian Elwell explain in his own words what made his entry standout last year.

Financial Vulnerability Taskforce – 850+ supporters and counting!

I’m delighted at the response of Personal Finance Society members who have thrown their support behind the new ‘independent’ Financial Vulnerability Taskforce. We’ve now passed 850 registered supporters and our next goal is to get to 1000 by the end of June!

Its ultimate purpose is to promote greater UNDERSTANDING, encourage appropriate BEHAVIOURS and establish GOOD PRACTICE in respect of consumer vulnerability. Find out more at www.fvtaskforce.com and register your support now (for free).

Best Wishes,

Keith

 

This document is believed to be accurate but is not intended as a basis of knowledge upon which advice can be given. Neither the author (personal or corporate), the CII group, local institute or Society, or any of the officers or employees of those organisations accept any responsibility for any loss occasioned to any person acting or refraining from action as a result of the data or opinions included in this material. Opinions expressed are those of the author or authors and not necessarily those of the CII group, local institutes, or Societies.