00:04So we're here today at Hazelbury Primary School to award the first Financial Education Recognition
00:11Scheme Award for the amazing work that they've been doing here. We are so proud to be the first
00:16school in the UK to be receiving the Financial Education Recognition Scheme Award. It's a real
00:21credit to our children that they're able to have these discussions openly, they understand the
00:26importance of money and how it will be involved in their lives in the future.
00:31Three quarters of people say that they didn't learn enough about how to manage their money at school
00:37and two-thirds of people that go on to struggle with money later say that had they learned more
00:43about financial education at school that would definitely have helped them. Twinkle is a high
00:48quality educational materials provider. Santander is a high quality financial institution. In bringing
00:54us both together is combining our skill set for a greater purpose in this instance financial
00:59education. Today our pupils were involved in a financial education lesson. The children had
01:06lots of discussions about the importance of money, for example where does money come from, how can they
01:11use their money effectively. The children did ask some challenging questions but Mike and John handled
01:16them brilliantly. How does a bank keep money safe? What we learned is how to save money and where we
01:23can
01:23keep it. I learned that when you're using money, use it well, don't use it for like bad things,
01:30I won't get you anywhere. When you're older you don't, you know, not to be reckless with your money
01:35and be smarter with your money instead of investing in bad things that you know might not work out.
01:41Moving forwards we're really hoping that lots of other schools commit to six hours throughout the
01:46year to instill that real sense of a high quality financial education. We absolutely believe that
01:52financial education should be statutory in all schools. We've seen the impact it's already had
01:57on our children. The problem we have here in the UK is that this is not mandatory, this isn't something
02:02that you have to teach as part of the curriculum and we would love to see more children benefiting
02:08from financial education right the way through so they can build that groundwork of skills they're
02:13going to need to help them to a successful future.
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