The Open University has partnered with the UK’s biggest consumer website, MoneySavingExpert.com (MSE) to launch a free, six-part course, which will give the nation the skills and knowledge to master their finances.
The course is made up of six two-hour sessions of study covering all key aspects of personal finance, including:
Students can study at their own pace, choosing to complete just one session or all six. Enrolling on the course will give students the opportunity to earn a free Open University digital badge – a great way to demonstrate interest in the subject and commitment to your career, providing evidence of continuing professional development – and a free downloadable statement of participation.
Tim Blackman, Vice-Chancellor of The Open University, said:
The Open University has, for over 50 years, built strong partnerships to help make education open for all. As we look ahead to economic recovery and rebuilding financial resilience for economies and individuals, improving financial education and access to it is more important than ever. Our relationship with MoneySavingExpert and Martin is based on a shared commitment and passion to inform and educate people to help change their lives for the better.
Our OpenLearn platform, home to more than 950 free learning courses, is the ideal home for MSE’s Academy of Money and we look forward to another success together.
Martin Upton, Senior Lecturer in Finance at The Open University and lead academic on MSE’s Academy of Money course, said:
There is clear evidence of the need to improve the public’s capability and confidence when it comes to money management. This was true before the onset of the Covid-19 pandemic and, sadly, the consequences of the current crisis have reinforced this need by piling further financial pressure on millions of households.
It’s great news that The Open University has teamed up with Martin Lewis and his MoneySavingExpert team to provide this free online course on all the major aspects of personal finance. The course is fun to study and, importantly, it will help adults of all ages improve their financial knowledge and money management skills
Martin Lewis, Founder of MoneySavingExpert.com, commented:
“Companies continually spend billions of pounds on advertising, marketing and teaching their staff to sell. Yet consumers don’t get any training. We need to redress that balance. We fought hard to get financial education on the curriculum, but these important lessons can’t just stop when people leave school. With such financial turmoil across our society, it’s crucial everyone is properly financially educated, so we can improve our nation’s poor financial capability, entrenched by a lack of early-life money lessons going back decades.
That’s why we’ve chosen to fund this new project and partner with The Open University – one of the world’s most prestigious distance-learning institutions. Our aim is to provide a more formal learning environment for those who want to dedicate their time to improving their financial knowledge. Education is a form of financial self-defence, and so we’re delighted to encourage people to tool themselves up in our ‘Academoney’.
Christopher Woolard, Interim Chief Executive of the FCA, added:
Navigating financial services can be difficult and making the right choice can feel hard. To take control of your finances you need to understand the options open to you. As a result, we’re delighted to see this course – which will hone people’s financial skills – being available to all, free of charge.
There have been more than 16,000 enrolments and nearly 650 badges awarded (completions), as of Monday 8 June.
This ranks it in the top 10 most popular OpenLearn courses in 2020 despite having only been launched on Thursday 21 May.
Wednesday, July 15, 2020 - 09:00 to 10:00