The Chartered Institute for Securities & Investment (CISI) Educational Trust has awarded its largest grant of £45,000 as part of a three year sponsorship to the Stewart Ivory Financial Educational Programme (SIFEP).
The SIFEP provides financial education to school leavers throughout Scotland, from the Borders to The Shetlands, and in the last academic year their Financial Education Officers (FEOs) visited 223 schools and spoke to around 15,000 students, with over 800 separate sessions.
The FEOs do not sell or recommend any product but offer straightforward and impartial advice on a highly practical and interactive basis for young people on the subject of financial education.
In addition to the three year cash award from the CISI Educational Trust CISI is also donating copies of its #yourmoney book to 15,000 Scots students annually via SIFEP.
Simon Culhane, Chartered FCSI and CISI CEO said: “The CISI is a strong advocate for equipping young adults with the financial knowledge they need to succeed in life and we work closely with many schools and colleges whose students take our professional qualifications. The CISI Educational Trust believes the Stewart Ivory Financial Education Programme aligns with our objectives in respect of financial education and we are delighted to be supporting SIFEP in its work with Scots schools, colleges and universities.”
Hamish Buchan, Chair of the Stewart Ivory Financial Education Programme said: “We welcome CISI’s generous sponsorship to support our financial education programme focused mainly on school leavers in Scotland. The financial issues facing young people continue to be highly challenging. Therefore, the need to raise the financial awareness of young people to enable them to deal with these issues with more competence and confidence, especially at this critical stage in their lives, remains as great as ever”.
The CISI has a 40,000 members working in the securities and investment industry with a regional UK branch network including Scotland. The Scots branch has over 1,400 members, running continuing professional development events throughout the year in Glasgow and Edinburgh. The formal presentation of the award will be made at its annual dinner on 4 September .