Well done (how nice to be saying that for a change) to the Royal Bank and Standard Life for their efforts to ensure youngsters grow into financially responsible adults.

The Royal is celebrating the fact that 200,000 Scottish secondary school pupils have completed its Face2Face with Finance programme, while Standard Life has helped to launch On the Money, aimed at primary pupils.

Cynics will say they’re just recruiting fledgling customers.

Of course, it would be better if children received their information from an impartial source, but if this is the only way they can get a financial education, then it has to be better than nothing.

And if the programmes work, the kids should grow up savvy enough to decide for themselves if they want to give the Royal and Standard Life their custom.

But maybe they need to target a wider age group.

Apparently 10 per cent of Standard’s former members still haven’t bothered to claim their share of last year’s demutualisation windfall – that’s a total of £275 million it simply can’t give away.

Sounds like they could do with going back to school to study On the Money.

This entry was posted on Friday, June 22nd, 2007 at 4:23 pm and is filed under UK Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.