Norwich Union Insurance: Financial education pays dividends

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Norwich Union Insurance: Financial education pays dividends

Compulsory financial education should be introduced into the national curriculum, Norwich Union Insurance has claimed today.

If Britons had financial education at school they would find themselves in a much better position later in life, according to a survey from Norwich Union Insurance.

The findings of the survey suggest that a couple with two children aged five and 11 could be about £32,000 better off in middle age and a couple with no children could be about £22,000 better off.

David Barral, Norwich Union Insurance distribution director, said: "A better understanding of why people act as they do is crucial. We need to help motivate people to overcome their inertia and enable them to take greater personal responsibility for their finances."

Norwich Union Insurance is part of the Aviva insurance group which has over 30 million customers worldwide.

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