The new body is setting out to improve financial literacy skills as well as the outcomes of improved learning in this field.

The Chartered Institute for Securities & Investment has created a foundation for improving financial learning, which includes working with young people from disadvantaged backgrounds. 

The professional services body, which has 45,000 members in more than 100 countries, is steering £2.5 million from its reserves into the CISI Future Foundation.

The Foundation aims to improve financial literacy skills, and the experience and outcomes of financial learning, through the provision of grants; it will offer funding to partner with existing organisations, both in the UK and internationally, to work with young people from disadvantaged backgrounds on new programmes or initiatives which align with the foundation’s objective of increasing financial literacy.

The new body has its own governing structure separate from the CISI, with Nick Swales, DL, Chartered FCSI, regional director North East, Rathbone Investment Management, acting as the chair of the foundation.

This news organisation has regularly examined the topic of financial literacy – see an example here.