1. Impact of Social Education Initiatives 1st FLiP Financial Education Summit Vienna 6 October 2017
Sue Lewis
Chair, UK Financial Services Consumer Panel
Member, FLiP Advisory Board

2. ’Quids In’: Citizens’ Advice Bureau/Local Housing Association
Who
150 social housing tenants in Rugby area
What
Maximise available income; use appropriate financial products; avoid financial difficulties
How
45 minute session delivered at home by skilled trainer; some small group sessions + takeaway toolkit
Impact
All participants followed up after 6-8 weeks; 20 in-depth interviews 3-4 months after training
Over half better off, by average £10 a week
More use of money saving tips, shopping around, budgeting
Increase in savings – £11 a week
Increase in opening or changing bank or credit union account
Improved self-confidence
People with earned income 7 x more liekly to take action than those on benefits

3. Barclays Bank ‘Money Skills’
Who
Young people not in employment, education or training
What
Increase budgeting and saving; ability to communicate about financial matters
How
Peer learning (‘Champions’)
1-1 support for disadvantaged (‘Action for Children’)
Impact
Follow up questionnaires with participants, interviews with champions and support workers
Number of young people keeping a budget doubled
Increase in saving £5 or more a month
Increase in financial knowledge
Higher level of monitoring spending

4. FirstStop: Community Support for Older People
Who
Four groups of vulnerable older people (65+): BME; long-term health conditions; unfit accommodation; self-funding care
What
Improve money management skills; increase income; reduction in fuel poverty
How
Website, advice line, peer support; face to face
Impact
Interviews with providers; participants’ self-assessment
Participants received over £500,000 in new benefits
Majority reported feeling more knowledgeable and confident, aware of available advice

5. Some references
FirstStop, financial education as part of integrated support and guidance for older people.  Barclays ‘Money Skills’ for young people: harnessed social impact of peer support and volunteering.  Citizens’ Advice Bureau ‘Quids In’, financial training for social housing tenants.  
Ulster Bank MASP programme. Local community support.   Australian Saver Plus scheme: Matched funding savings scheme with financial education support.  MyBnk 'Money House’. For vulnerable young people. Emerging findings:  study: