Nationwide launch financial capability programme

The new phase of Nationwide education, which teaches children money management and financial matters, is being rolled out to all primary schools across the UK. Phases for secondary schools will be delivered in January 2009 and September 2009.

New research from Nationwide reveals that a fifth of parents and teachers frequently talk to their children or pupils about money, which is encouraging. However, it is concerning that only one third (36%) think they have enough tools and support to teach pupils about understanding money and how to manage it. Given the current economic situation, it is becoming more important to be financially astute and it is hoped Nationwide Education will prepare children, as well as helping teachers and parents, make the most of their money now and in the future.

Nationwide Education is unique in utilising the new interactive whiteboard technology, as well as PCs in schools for financial education. It has been designed to:

* Provide interactive activities, games, downloadable fact sheets and curriculum-linked work sheets;

* Provide tailored, informative content for teachers, students and parents;

* Complement the National Curriculum;

* Accommodate a range of age groups, from foundation years through to university;

* Give accessibility to those in wheelchairs or with visual or hearing impairments.

Secretary of State for Children, Schools and Families, Ed Balls MP, comments on the launch: "I welcome Nationwide's commitment to financial education and improving financial literacy. I believe all financial institutions have a role to play by sharing their knowledge and know-how with children, schools and parents about how to make the most of their money. Too many people are unsure about key financial issues in their lives and I want to see this change. It's important in the ever-changing economic world that we live in that people understand how to make the most of their money and this works best when financial education starts in schools."