About UsThe Stewart Ivory Financial Education Trust (‘SIFET’) is a charity that runs a programme of financial education workshops aimed at senior pupils (mainly S6) in Scotland. The workshops aim to stimulate thinking and discussion about; financial issues, how to manage money effectively and to financially plan for the longer term. SIFET delivers to over 200 schools across Scotland every year. Over the last twelve years, it is estimated that SIFET has addressed close to 200,000 school leavers.
The need for financial education is as great as ever, given the high level of personal debt, especially amongst young people. The FCA household study found that 4.1 million people are already in serious financial difficulty, with half the UK population financially vulnerable and 25- to 34-year-olds being the most over-indebted. Furthermore, the level of poverty in Scotland continues to be a very significant issue. In 2012, The Child Poverty Action Group’s Briefing “Poverty in Scotland” reported that 220,000 children in Scotland still lived in poverty (21% of all children) and recent forecasts have indicated that between 50,000 and 100,000 more children in Scotland may be pushed into poverty by 2020. In this regard, SIFET is particularly important in helping to raise financial awareness and increase financial literacy and capability.
SIFET was registered as a Scottish Charitable Incorporated Organisation, otherwise known as a SCIO (SCO45517) in March, 2015.