What we do
What we doThe Stewart Ivory Financial Education Trust (‘SIFET’) runs a programme of financial education which is principally aimed at senior pupils in Scotland about to leave schools. The purpose is to prepare them to take control of their own finances in the short term, not only while they are in higher education (universities, colleges etc) or starting work, but to encourage them to think about financial issues for the longer term, including savings, mortgages and pensions.
The work of SIFET is particularly important in raising financial awareness and increasing financial literacy and capability of young people.
There are, however, several key differences in our approach to this subject. We concentrate mainly on school leavers but, occasionally, when time and resources permit, we also address parents of senior pupils. The programme is delivered by external experts known as Financial Education Officers (FEOs) who provide interactive workshops in schools to senior pupils. We deliver these sessions free of charge.
SIFET is one of a small number of providers of financial education to schools in Scotland and our work complements work carried out by others. We work collaboratively with other organisations on The Scottish Financial Education Forum.
Since inception, we have built up good relationships with a large proportion of secondary schools in Scotland, evidenced by the significant repeat business and helped by strong continuity in our team. Over the last ten years, our FEOs have delivered financial education to the vast majority of the secondary schools in Scotland (excluding special schools).
Currently we have 19 FEOs who, between them, cover all of mainland Scotland and various islands including Arran, Islay, Mull, the Orkneys, the Shetland Isles and the Western Isles. Each FEO is responsible for contacting all of the secondary schools in his/her region to offer this service.
In the last full academic session (2016/17), our FEOs visited over 243 schools and addressed almost 20,000 senior pupils, mainly S6, delivering 1,013 separate sessions (broadly equivalent to a class period in length of time).
Our FEOs do not sell or recommend any product but offer independent, impartial and practical advice for students and young adults.