Rathbones has welcomed the Government’s commitment to introduce financial education into the national curriculum from 2028, describing the move as an important step towards improving financial literacy and long-term planning outcomes across the UK.
The announcement forms part of a wider drive to strengthen financial resilience and prepare younger generations for the significant intergenerational transfer of wealth expected in the coming years.
The wealth manager said early financial understanding is essential to building confidence around money and supporting better outcomes throughout life.
Through its partnerships with organisations such as Young Enterprise and Money Ready, Rathbones said it has seen first-hand how practical money skills can positively influence young people’s relationship with finances during their formative years.
Helen Wilson, head of responsible business at Rathbones, said: “We welcome the Government’s commitment to embed financial education in the national curriculum.
“At Rathbones, we believe a healthy and informed relationship with money – and the confidence to manage it – starts early and is essential for building resilience and opportunity through life.
“Through our partnerships with organisations such as Young Enterprise and Money Ready, we’ve seen the transformative impact of equipping young people with practical money skills during their formative years.
“Financial literacy is crucial at every stage of life, and early planning can significantly improve long-term outcomes, including, indeed, for retirement. Instilling financial fluency in the curriculum is a vital step towards ensuring every child has the tools to make informed decisions and set themselves up with a strong financial foundation, benefitting both individuals and the wider economy.
“As the Government prepares to announce further details next year, we would encourage continued dialogue with businesses and charities already delivering financial education, so that together we can shape an approach that is practical, inclusive and impactful.”
