Fintech PR
Family Offices Address Inadequate Financial Literacy in Schools by Partnering With Private Tutors
OXFORD, England, Dec. 7, 2023 /PRNewswire/ — Tutors International today revealed a growing number of Family Offices are taking their clients’ financial education into their own hands, partnering with private tutoring firms to provide a more comprehensive level of financial literacy than the children in UHNW families are receiving in school.
As Family Offices are increasingly becoming more involved in advising and supporting their clients in all aspects of their lives – not just financial matters, Tutors International has been asked to support various Family Offices in their role as managers of family wealth and educators around the management of that wealth.
Adam Caller, CEO of Tutors International, comments:
“Whether it’s additional support in a particular subject, or live-in tutors that take the place of school, we’re in the unique position of already recruiting exceptional educators for wealthy families. Most of our clients have a Family Office, so it’s not surprising that as we become known to wealth managers they recognise the benefit of incorporating more in-depth financial literacy into their clients’ children’s education.”
The financial literacy problem
There is evidence of a problem around financial literacy in private school education. The standard of financial literacy taught in private schools in the UK varies from school to school. There is no national curriculum for financial literacy in the UK, so private schools are not required to teach any specific financial topics.
A 2023 survey by the Money and Pensions Service found that less than half of UK children have been taught about money at home or in school.[1] This suggests that there is a need for more financial literacy education in all schools, including private schools.
To address the problem, some private schools in the UK now offer more comprehensive financial literacy programs, for example:
- The King’s School, Canterbury offers a comprehensive financial literacy program covers topics such as budgeting, saving, investing, and debt management.
- Haberdashers’ Aske’s Knights’ Academy, Lewisham offers a financial literacy program that is taught by qualified financial advisors
- St Paul’s Girls’ School, Hammersmith offers a financial literacy program that is taught by teachers who have received specialist training in financial education, covering topics such as budgeting, saving, and investing.
School financial literacy programs are not tailored to the needs of UHNW families
UHNW families often feel that the financial literacy curriculum in schools is too limited and does not cover all of the topics that their children need to know. They may want their children to learn about complex financial concepts such as estate planning, philanthropy, and managing wealth across generations.
They may need to learn about topics such as dealing with the complexities of trusts and foundations, managing wealth across generations, and navigating the unique tax implications of their wealth.
UHNW families are addressing financial literacy shortcomings
To address these perceived shortcomings, UHNW families are taking proactive measures to supplement their children’s financial education.
Hiring private tutors can provide more in-depth instruction on complex financial topics and tailor their teaching to the specific needs of the child, addressing the limitations of the standard curriculum.
Adam Caller, CEO of Tutors International, comments:
“Family Offices and their clients want to prepare the next generation for the complexities of managing their personal and family wealth. Incorporating a deeper level of financial literacy into students’ education is therefore of vital importance. Sadly, private schools are not providing the breadth or depth many of these families need for their children, so our tutors work with their Family Office to incorporate greater financial education into their curriculum.”
Private Tutors are implementing a variety of initiatives to enhance financial literacy among students:
- Tutors are incorporating financial literacy concepts into existing subjects, such as maths, social studies, and language arts, which helps cement the relevance of financial literacy to students’ everyday lives.
- Partnering with financial institutions and the Family Office to provide students with access to custom financial education resources, including workshops and financial simulations.
- Private tutors are using a variety of technology tools to deliver financial education to students. This includes online courses, interactive games, and mobile apps.
Joanna Dunckley Phillips has been a private tutor with Tutors International for more than 10 years, and she explains how incorporating real-life examples of financial concepts into day-to-day teaching, and having the time and freedom to explore them further is one of the great advantages of private tutoring:
“One of the most rewarding things about our one-to-one, personally tailored educational model is that it allows us to apply the skills and theory learned in the classroom to real life examples and projects.
“When teaching compound interest, it is always fascinating to give my students an imaginary salary and budget, then have them work out how much they could reasonably save over the course of their working life. This always leads to discussions about salaries, taxes, cost of living, investment etc. Add to this a simple demonstration of how credit card APR works and they are often surprised – but hopefully wiser! Having the time and freedom to complete these projects and answer all the many questions that arise, is one of the great benefits of the tutoring model.”
Private Tutor, Mark Cleaver, agrees:
“It is a shocking anomaly that it has been so neglected in schools until now. Working as a private tutor opens up thrilling new possibilities for financial education; students can engage with creative and enriching experiences through project-based learning. By creating a business plan for an entrepreneurial idea of theirs, or by managing a budget (either real or hypothetical) for a trip they are planning, students can learn by doing and see that financial literacy is not something of which to be scared; instead, it is lively, vital and exciting.”
Sources
[1] UK Children and Young People’s Financial Wellbeing Survey: Financial Foundations, 2023, Money and Pensions Service, https://maps.org.uk/en/media-centre/press-releases/2023/less-than-half-of-uk-children-have-been-taught-about-money#
Tutors International provides an unparalleled private tutoring service that matches the right private home tutor with the right child for the student to reach their personal potential and academic excellence fully. Delivering an international private tuition service for children of all ages at different points in their educational journeys, Tutors International is founded on a commitment to finding the perfect tutor to realise each student’s specific goals and aspirations. Tutors are available for full-time residential positions, after-school assistance, and home-schooling.
Founded in 1999 by Adam Caller, Tutors International is a private company based in Oxford, a city renowned for academic excellence. Our select clientele receives a personally tailored service, with discretion and confidentiality guaranteed.
Web: www.tutors-international.com
Email: [email protected]
Phone: +44 (0) 1865 435 135
Tutors International
Prama House
267 Banbury Road
Oxford OX2 7HT
England
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STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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