Building on the success of the Talk Learn Do (TLD) pilot in 2015–2018, the Money and Pensions Service (MaPS) commissioned several further projects and associated evaluations to enhance their understanding of how TLD can support parents in different contexts, and to understand the effectiveness of different delivery approaches.
As part of the UK Strategy for Financial Wellbeing, the Money and Pensions Service has a national goal of two million more children and young people receiving a meaningful financial education by 2030.
To help achieve this goal, MaPS first worked with partners to develop and deliver the flagship Talk Learn Do programme, targeted at parents of children aged from three to 11, which supports them in talking to their children about money.
Talk Learn Do aims to encourage parents to talk to their children about money and create opportunities for their children to experience managing it.
It’s a two-hour session that includes practical activities around ‘modelling money’, shopping trip scenarios, talking about ‘pester power’, pocket money games and more.
In 2019 MaPS partnered with Campaign for Learning to deliver and embed Talk Learn Do in Wales, while also commissioning Arad Research to evaluate the effectiveness of the project for practitioners, parents and children. This project differed from the original approach in the following ways:
In 2020 MaPS partnered with Reed in Partnership (in Northern Ireland) and Campaign for Learning (in Scotland) to test the feasibility of delivering TLD at scale in other parts of the UK. Again, there were a number of ways in which the projects differed in their approach to the original TLD pilot, which we were keen to test:
The projects coincided with the start of the COVID-19 pandemic, therefore materials were adapted for virtual delivery, which also differed to the original face-to-face mode of delivery.
In Northern Ireland, IFF were commissioned to undertake a process and outcomes evaluation of the project, and in Scotland this was conducted by ScotCen.
In 2020 MaPS partnered with NatWest Group to explore the digital delivery of TLD sessions by Community Bankers and other bank staff to parents. This gave MaPS the opportunity to test a version of Talk Learn Do that differed from the original approach in the following ways:
IFF were commissioned to undertake a process and outcomes evaluation of the project.
For further information about our financial education work, including Talk Learn Do, contact our children and young people’s policy team on firstname.lastname@example.org.