Financial education

This session is an introduction to the Financial Services sector in Jersey, and is outlined below:

• What is Finance?
• What are the Financial Services offered in Jersey
• How does this compare to other industries in Jersey
• Introduction to Financial Decision Making
• Risk v Reward

This session has been produced to contribute to meeting the Jersey PSHE Curriculum in the following ways:

Living in the Wider World, Key Stage 1 and 2:

• Where money comes from
• How money plays an important part in people’s lives
• Living in the Wider World, Key Stage 3:
• About the economic and business environment, how personal choices can affect oneself and others

This session is an introduction to regulation and the JFSC, and is outlined below:

• What is the Jersey Financial Services Commission?
  • Authorisation
  • Supervision
  • Enforcement (JFSC powers)
• Pretend you are the regulator, what is the best course of action in these scenarios:
• Car Accident (Fraud)
• Good Boss (Adequate Internal Supervision)
• Sneaky Banker (Unauthorised Gifts)
• Lazy Worker (Not completing her own studies)

This session has been produced to contribute to meeting the Jersey PSHE Curriculum in the following ways:

Living in the Wider World, Key Stage 3:

• About the economic and business environment, how personal choices can affect oneself and others.

Citizenship, Key Stage 3:

• The functions and uses of money, the importance and practice of budgeting, and managing risk.

This sessions is aimed at raising awareness at what techniques are used by scammers and fraudsters and what the Students can do to protect themselves/family and friends by using this information.

• What is a scam
• Identity fraud
• Lotto de Oro scam quiz

This session has been produced to contribute to meeting the Jersey PSHE Curriculum in the following ways:

Living in the Wider World, Key Stage 3 and 4:

• About the economic and business environment, how personal finance choices can effect oneself and others

Citizenship, Key Stage 3:

• The functions and uses of money, the importance and practice of budgeting, and managing risk.

This session builds upon previous sessions with regards to identifying whether the risks of a particular product are outweighed by the potential benefit. A game is then played where some students are ‘Sellers’ and others are ‘Buyers’ (either liberal e.g. YOLO Buyers or more conservative and ask more questions) ultimately making a decision whether they would invest in a Ponzi scheme.

• How to businesses make money?
• How do you decide when to spend your money?
• Introduction to Behavioural Economics
  • Emotional spending
  • Wants v Needs
  • Tactics to get us to part with our money
  • Group Exercise: Ponzi Island Game

This session has been produced to contribute to meeting the Jersey PSHE Curriculum in the following ways:

Living in the Wider World, Key Stage 3 and 4:

• About the economic and business environment, how personal finance choices can effect oneself and others ;

Citizenship, Key Stage 3:

• The functions and uses of money, the importance and practice of budgeting, and managing risk.

Citizenship, Key Stage 4:

• Income and expenditure, financial products and services.

This session was originally created and presented for the enjoyment of business students. Each of the scenarios being applicable primarily for the financial services sector, but other sectors as well. This session gives the students an opportunity to critically analyse applications and make a determination as to granting that individual a licence and to assess what course of action would be most appropriate for those persons which have defaulted on their obligations.

• Setting up a Trust Company
• Introduction to the ACE Matrix – What would you think about when assessing whether someone has the ‘ability’ ‘character’ and ‘experience’ to do the role.
• Authorisation
  • Would you give these people a licence to conduct business?
• Supervision and Enforcement
  • The JFSC’s powers
  • Being the Regulator – Activity

This session has been produced to contribute to meeting the Jersey PSHE Curriculum in the following ways:

Living in the Wider World, Key Stage 3 and 4:

• About the economic and business environment, how personal finance choices can effect oneself and others (point 4);

Citizenship, Key Stage 3:

• The functions and uses of money, the importance and practice of budgeting, and managing risk.

Citizenship, Key Stage 4:

• Income and expenditure, credit and debt, insurance, savings and pensions, financial products and services.

General Knowledge:

• Ethically conducting business and what can happen when things go wrong.

This short course is aimed at A-Level Students who wish to learn more about regulation and the financial services products which are used in Jersey. As 23% of the Jersey workforce work in finance, this could be of benefit to students who wish to pursue a career in finance.

1. Introduction to business entities
2. Why use a company?
3. Raising Capital – Debt v Equity
4. Companies – Public v Private
5. Public Companies and the Stock Markets
6. Introduction to Trusts
7. Setting up a Financial Services Business
8. Introduction to Contracts
9. Overview Session – Contracts, the JFSC, and Fraud Prevention (to be used when additional sessions are requested).

This course has been produced to contribute to meeting the Jersey PSHE Curriculum in the following ways:

Citizenship, Key Stage 4:

• Income and expenditure, credit and debt, insurance, savings and pensions, financial products and services and how public money is raised.