NMBA has announced that it has received orders for over 3,000 hard copies of its updated ‘Young Person’s Guide To Money’ less than a week after launch.
The guide, which is sponsored by Aviva, Royal London and Zurich, is designed to help young people understand more about the basics of finance – including borrowing, savings, tax and more. Members of the NMBA and the wider SimplyBiz Group have used previous editions of the guide in local schools, often to accompany a visit or presentation from the adviser themselves, and to hand out to clients with children or grandchildren who may find it of value. Whilst this will continue, following its launch, the academy has received numerous orders for copies directly from schools across the country.
The guide was created to develop a deeper understanding of seven key areas: earnings and taxation, budgeting, saving, investing, retirement planning, mortgages and financial protection; and is available for all financial intermediaries to order hard copies and in PDF, with the option to now also add narrative to their websites, when using the Group’s NextGen web solution.
In the current climate, the academy felt the need for financial education would be higher and reached out to a number of educational networks. The business has seen demand soar as a result.
Richard Ardron, Managing Director of the New Model Business Academy commented:
“COVID-19 has not only put added financial pressures on vulnerable consumers, but has also caused many others to reassess their current financial situation and the safeguards they have in place. This pandemic has highlighted the need for sound financial advice and so we felt that our Young Person’s Guide to Money, which has been running for a number of years, would be the perfect way to get younger people to start thinking about their finances and to share what they learn with their parents.
“With social distancing restricting our ability to deliver this advice in person to students, we have reached out to those we know personally in schools and to wider education networks. We have been overwhelmed by the encouragement and the initial demand for our guide and hope that this guide will help both younger and older generations with their finances.”