PCA PDWP Team Up with NatWest to Provide MoneySense Education
This March has seen the first of many NatWest MoneySense Academy Workshops being delivered to first-class county Academies. As part of the PCA Personal Development and Welfare Programme, Academies receive a number of key educational workshops. The aim of these sessions, as well as providing individual one to one support, is to help them with their lifestyle approaches to becoming a professional cricketer.
This year, the PCA in partnership with NatWest, arranged for its very successful MoneySense Education programme to be delivered to Surrey County Cricket Club Academy. Surrey CCC Director, Gareth Townsend, said, “All of our workshops at the Academy aim to provide players with experiences that help to develop them as individuals. NatWest's MoneySense programme gave our players an insight into financial planning and the importance of managing your own finances when you start to earn an income. This programme ensures young professionals are equipped to manage their finances at an early stage.”
MoneySense was set up by NatWest in 1994, to provide financial education to both adults and children. The programme discovered that 90% of adults in the UK never received lessons on managing money at school and a staggering 66% felt that having lessons would have better equipped them to deal with the financial challenges of modern life.
The MoneySense programme is supported and accredited by independent bodies such as Personal Financial Education Group (pfeg) and Consumer Credit Counselling Service (CCCS).
At the PCA, we recognise that a player’s ability to manage their finances effectively is essential to the lifestyle of a professional cricketer. Educating Academy players from the beginning of their career is therefore an essential tool to teach good habits and help them make correct choices throughout their life.
PCA National Personal Development Manager, Ian Thomas, said, “We have been providing budgeting and financial education to Academies for a number of years, however, linking up with NatWest and their well known and established education programme, will add value to the advice already being delivered by the PCA to county Academies.”
The NatWest MoneySense Education programme will be delivered to all county Academies between November 2012 and April 2013.