We caught up with our Chair Lily and CEO Guy to hear their 2019 MyBnk highlights and plans for the future.
Lily Lapenna MBE, Founder and Chair MyBnk
“As MyBnk enters its teenage years we are working hard to keep youth at the heart of everything we do.
This year I was delighted to welcome Yasmin Drakes to represent young people on our Trustee Board and begin the process of evolving youth participation to better reflect who we work with.
Towards fulfilling our wider vision, we helped develop a unified Financial Education Planning Framework for 3-19 year olds with partners of the UK’s Youth Financial Capability Group.
Distributed with the support of Martin Lewis OBE, it will support teachers to embed high quality financial education into their lessons and signpost to organisations such as MyBnk.
There is never a dull moment at MyBnk. We look ahead to the next decade with the desire to scale the impact of the last one, I hope many will join us for the next leg of the journey”.
Guy Rigden, CEO MyBnk.
“This year MyBnk delivered a record 6,600 hours of expert-led financial education, an increase of 7%.
For the first time our work with young adults exceeded that of school children, consolidating us as the leader in this specialised field.
Continued independent evaluation proved that participants develop positive money behaviours, start to save, reduce debts and avoid eviction long after our intervention.
We brought our range of award-winning programmes to new parts of the UK, opening hubs in the North West, Yorkshire, and Scotland – including a third location for the youth homelessness prevention scheme, The Money House, in Westminster. MyBnk also delivered a strong legacy for our project helping young people with sensory impairments, Money Mechanics.
With the KickStart Money coalition, MyBnk continued to campaign for compulsory money lessons in primary schools engaging over a dozen prominent MPs on the frontline.
I was also delighted to recognise the achievements of members of our Youth Advisory Panel with our new Young Trustee.
Experience and evidence are leading us to increase our focus on the under 11s and 16-25 year olds – the very young and the transition into adulthood. We plan to deliver fewer, but more concentrated, sessions with 11-16 year olds, acknowledging the day-to-day time pressures most schools face.
With our team refreshed and expanded, a new government and the Money and Pension Service strategic plan published, we look forward to contributing to an exciting year for financial education with the support of our wonderful funders, trustees, patrons and youth advisors”.
Dive right in for the full scoop in our new Annual Report.