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Teach young people to save, advises The Share Centre

Gavin Oldham, chief executive at The Share Centre, welcomed the fact that 100,000 signatures have been recorded on a petition for compulsory financial education for young people.

He said: “This milestone is hugely significant to improving the financial capability of the future generation in the UK.

“It is very much in the interest of the financial services industry to serve better informed investors and customers, and we would welcome proposals for more industry-based funding to make financial education in schools a reality.

“We now look forward to an early announcement from the government that it will make time in the parliamentary timetable for the debate.

“Justin Tomlinson’s large All-Party Parliamentary Group should make this a well-attended occasion with widespread support, reflecting the views which have been so broadly and swiftly confirmed in the petition.

“The Share Centre is particularly active in its support for financial education for young people.

“Support includes its sponsorship and board representation of Personal Finance Education Group, its broad range of children’s investment accounts, including its new Junior ISA … and its Shares4Schools competition, which started its eighth year of operation for sixth form students on October 10.”

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