Wealth manager St James’s Place has applauded a move by MPs to look at ways to boost financial education in schools as it reveals its own growing commitment to helping young people.

The UK has an impressive 99% literacy rate, according to international studies. While this is worthy of praises I suspect the 'financial literacy' rate for the UK is just a fraction of this and the country is poorer as a result.

More than 23,000 11-18-year-olds in schools and colleges in the UK have received personal finance education in the 2021/22 academic year thanks to a Personal Finance Society initiative.

Chartered Financial Planner firm Fiducia Wealth Management has restarted its financial literacy educational programme.