B

Baroness Smith of Malvern (Lab)

Speaking in the House of Lords on 12 June 2025

Debate

Post-16 Financial Education

Contribution

I also recognise the contribution that Young Enterprise plays, having been both a participant in it as a student and an organiser of it as a teacher of economics and business studies. I know that it does enormously important work, as do others, in supporting children, young people and adults in understanding financial education. We could possibly look to the Money and Pensions Service, which is under the auspices of the DWP and set out in January 2020 a 10-year framework to help UK citizens make the most of their money and pensions, with a focus on financial education for young people. With respect to the dormant assets scheme, which the noble Baroness mentioned, the Department for Culture, Media and Sport confirmed earlier this year that there will continue to be funding from dormant assets for precisely the point that the noble Baroness makes, which is to challenge financial inclusion and support financial education.

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