Targeting financial education.

19th September 2017

Ian Hodson, Head of Reward, University of Lincoln, sits down with WEALTH at work to discuss the financial education programmes they have in place for their employers and how this has helped benefit their financial wellbeing, as well as the award winning financial education workshops designed specifically for the university’s students.

Q: Who do you target?

We target all employees with our [financial education] programmes. So we look at the different stages of their employment and what might be more meaningful to them. Our main programme focusses on people in their early, mid or late stage of their career. Where we don’t specifically put people into their different categories, we say, “Whatever feels comfortable for you, for your stage of financial development.” The early career sessions might be ideal for our intern group for example, helping them save for the first time, and helping breakdown some of the terminology, around areas like pensions. The same with our financial fairy tales programme, which is what we offer for students and that’s very much around focusing on their time here, as they’re studying and developing life skills. So we start off very much talking about managing money for the first time, and planning budgets. In year 2 we focus on starting to work alongside their studies, perhaps earning for the first time, when things like tax codes can come into play. And then in the final year we have a programme which very much focusses on getting graduating students ready for the workplace. Really getting them ready to pass on the baton to employers and developing their skill of looking at rewards packages, being a savvy saver, before they get into the workplace.

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