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Old Mutual Wealth to sponsor Moneywise Personal Finance Teacher competition

15/12/2016

To promote financial education in schools Old Mutual Wealth is sponsoring the 2017 Moneywise Personal Finance Teacher of the Year competition.

Although this topic become mandatory for secondary schools in 2013, recent research from the London Institute of Banking and Finance showed that 58 percent of students aged between 15 and 18 did not receive any form of financial education. Old Mutual Wealth is committed to boosting the financial awareness of the next generation of savers and is sponsoring a package of financial education measures.

The Competition winner’s school will receive £5,000 to spend on equipment and two runners up will each receive £1,500 for their schools. Every teacher who receives a nomination will receive a copy of the bMoneywize board game, which can be used in lessons and requires players to make financial decisions by exposing them to real-life financial situations.

To nominate a primary or secondary school teacher please email editor@moneywise.co.uk with the name of the teacher and the name and the address of the school by the end of April. Moneywise will then contact the nominated teachers and ask them to submit their three favourite personal finance lessons. The winner and two runners-up will be announced at the Moneywise Customer Service Awards which will be held in London on 22 June 2017.

The judges are Suella Fernandes, MP for Fareham, Jane Goodland, responsible business director for Old Mutual Wealth, Moira O’Neill, Moneywise editor, Jeff Prestridge, personal finance editor of the Mail on Sunday, and Kirsty Bowman-Vaughan, financial education lead for the Money Advice Service.

Jane Goodland, responsible business director for Old Mutual Wealth said: “Gaining the skills and confidence to manage finances early in life is crucial.  We are committed to teaching the youth of today how to tackle debt and make prudent spending decisions.  We currently sponsor a financial education programmes in secondary schools in Southampton area, delivered by leading financial education charity MyBnk.  We are now pleased to work with Moneywise as their awards provide an opportunity to showcase those schools and teachers in the UK who are helping build children’s understanding of managing their finances.”

Moira O’Neill, editor of Moneywise, added: “At Moneywise, we believe it’s never too soon for young people to learn about their finances, and that by mastering the basics early on in life, they will grow up to be the most financially savvy generation yet. But we need to encourage more teachers and schools to take this subject seriously, making personal finance lessons fun, interactive and relevant.”

For more information contact

Vee Montebello, Director of Communications

Direct Line: 020 7778 9550
Mobile: 07872 665149

Notes to editors:

About Quilter plc:

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £118.1 billion in customer investments (as at 30 September 2018).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions and discretionary fund management.

The business is comprised of two segments: Wealth Platforms and Advice and Wealth Management.

Wealth Platforms includes the Old Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.

Advice and Wealth Management encompasses the financial planning network, Intrinsic; Quilter Private Client Advisers; discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

The Quilter plc businesses are being re-branded to Quilter over a period of approximately two years:

• The Multi-asset business is now Quilter Investors

• Intrinsic to Quilter Financial Planning

• The private client advisers business is now Quilter Private Client Advisers

• The UK Platform to Quilter Wealth Solutions

• The International business to Quilter International

• The Heritage life assurance business to Quilter Life Assurance

• Quilter Cheviot will retain its name

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270.  Registered in England.