What Works Fund experience Rebecca Graham Money Advice - - PowerPoint PPT Presentation

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What Works Fund experience Rebecca Graham Money Advice - - PowerPoint PPT Presentation

Sep 12, 2023 128 likes •548 views

Evaluation and Learning: The What Works Fund experience Rebecca Graham Money Advice Service|@FinCapStrategy Juliette Collier Campaign for Learning|@JulietteCfl Dr Laurence Piercy Good Things Foundation|@GoodThingsFDN Stephanie Hayter The Money

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Evaluation and Learning: The What Works Fund experience

Rebecca Graham Money Advice Service|@FinCapStrategy Juliette Collier Campaign for Learning|@JulietteCfl Dr Laurence Piercy Good Things Foundation|@GoodThingsFDN Stephanie Hayter The Money Charity|@TheMoneyCharity Scott Morrison Money Advice Service|@FinCapStrategy

@Fi FinCapStrategy #Talk lkMoney|#Fin inCap17

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Evaluation and Learning: The What Works Fund experience

Rebecca Graham

Research & Evaluation Manager The Money Advice Service (UK) www.fincap.org.uk rebecca.graham@moneyadviceservice.org.uk

@Fi FinCapStrategy #Talk lkMoney|#Fin inCap17

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Client ent Nam Name Financial Capability

  • Learning
  • Improving
  • Evidencing
  • 1. Why evaluation?

3 Evaluation & Learning: The What Works Fund experience

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Financial Capability Source copy

What is MAS doing about it?

4 Evaluation & Learning: The What Works Fund experience

VI VISION

A high ighly ly effec effective financial capability sector

ACTIVITIES

Evaluati tion Too

  • olkit

it IM IMPACT CT Princ rinciple les Support Evid viden ence Hu Hub MAS evid vidence & in insigh ight What t Works Fund Fund

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Financial Capability Source copy

The Toolkit

5 Evaluation & Learning: The What Works Fund experience

Understand your programme Measure a change Learn and Share

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Financial Capability

The What Works Fund: A programme of activity that seeks to increase our understanding of how to improve financial capability across the UK.

Financial Capability 6 Evaluation & Learning: The What Works Fund experience

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Financial Capability Source copy

What is MAS doing about it?

7 Evaluation & Learning: The What Works Fund experience

Or Organis isation Lif Life stage Proj

  • ject type

Des Descrip iption + + Evaluation

The Money Charity Children and young people Scale up To deliver financial capability workshops in schools and colleges across England, Wales and Northern Ireland and test whether the workshops delivered have a significant effect on students’ financial capability when compared with a ‘business as usual’ control, and whether this differs across age ranges. Campaign for Learning Children and young people Pilot To pilot and evaluate the impact of flexible rent payments, savings and use of credit, delivered with social landlords. Good Things Foundation Working age Pilot To pilot and evaluate the impact of a new approach to improving the financial capability of vulnerable people using face-to-face community based support and digital learning.

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Juliette Collier National Director Campaign for Learning www.campaign-for-learning.org.uk jcollier@cflearning.org.uk Campaign for Learning

Family Fortunes:

Building Family Financial Capability and Resilience

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Campaign gn for r Learning Financial Capability

  • Preventative approach
  • Family learning pedagogy
  • Training for trusted intermediaries
  • Inclusive model
  • Project target audience EAL families
  • Children aged 7-11
  • Flexible 10 hour programme

Family Fortunes Model

2 Family Fortunes

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Campaign gn for r Learning Financial Capability

  • A lesson plan for the session
  • Resources and activities for parents
  • Resources and activities for children with parents
  • Children join parents in session where possible
  • A ‘Take Away’ home learning activity for families

Programme Structure

2 Family Fortunes

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Campaign gn for r Learning Financial Capability 2 Family Fortunes

Family Fortunes Team

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Campaign gn for r Learning Financial Capability 2 Family Fortunes

Why Family Fortunes?

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Financial Capability Campaign for Learning

Theory of Change

24 Family Fortunes

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Financial Capability Campaign for Learning

Research partner: Institute of Education, UCL Point of delivery evaluations of practitioner training Pre and post testing (adults and children) built into the programme delivery to evidence any changes in participants’ skills and knowledge Comparison group Follow up interviews to identify and understand any behavioural change Process evaluation, including practitioner interviews to understand strengths and weaknesses of the delivery model and how it might be improved

Research Overview

25 Family Fortunes

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Financial Capability Campaign for Learning

Tutor

  • rs

Tuto utor r Train inin ing Target Numbers: 60 Point of delivery Evaluation questionnaire Complete: 66 tutors completed training

Families Inter ervent ention

  • n Gr

Group up

FF FF Co Course urse Evalu luati tion

  • n

Target Numbers: 300 Weeks 1 and 5 of programme delivery Adult Questionnaire and Child Survey 3 weeks post Semi-structured Interviews 4-6 months post Semi-structured interviews

Families Compa pariso son n Gr Group up

Non

  • n FF

FF Fa Famil mily Learn rnin ing pr prog

  • gra

ramme Target Numbers: 300 Weeks 1 and 5 of non-Fncap programme delivery Adult Questionnaire and Child Survey On-going

Proga

  • gammes

Proc

  • cess Ev

Evalu luatio tion Target Numbers:: 30 Throughout project timeline and programme delivery Focus groups,

  • bservations, semi-

structured tutor interviews On-going I

Data Collection: Who, What, When and How

26 Presentation Title

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Financial Capability Campaign for Learning

Practitioner Training Evaluation

88% 88%

88% of training participants rated the FF resources/material as ‘excellent.’ 31 programmes delivered

  • r set up across England

8% of training participants had previously received financial capability training

8% 8%

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Financial Capability Campaign for Learning Financial Capability

"Thank you today has been fantastic and it was great to share ideas and good practice both for this course and in general." "Its great and I can't wait to deliver it." "Everything was so beneficial from today. I can't fault it. Looking forward to delivering the programme." "It was an excellent mix of practical and thoretical - not much to improve!"

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Financial Capability Campaign for Learning

Pre and Post Testing Tools

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Financial Capability Campaign for Learning

“The most useful bit was learning about things going on different websites that I didn’t know about; how you can save money, like you can make a chart about the bills what are going out every month and then what money you’ve got left over you can either save it or go out and buy something”

Financial Capability 30 Family Fortunes

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Laurence Piercy Researcher Good Things Foundation laurence.piercy@goodthingsfoundatio n.org Good Things Foundation & Toynbee Hall

Supported Transactions

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Client Name Financial Capability Client Name

  • Q. Are individuals receiving

financial capability support better able to transact online if they are also supported to undertake a live transaction

  • nline?

32 Supported Transactions

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Financial Capability Client Name 33 Supported Transaction

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Client Name Financial Capability Client Name

  • A. Yes

34 Supported Transactions

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Financial Capability Client Name 35 Supported Transaction

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Financial Capability Client Name 36

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Financial Capability Client Name

Surface the transaction Different messaging for different audiences Choice, autonomy, and personal relevance Fear of losing control may be a bigger factor than security

37 Supported Transactions

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Good Things Foundation & Toynbee Hall

laurence.piercy@goodthingsfoundation.org

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Financial Capability Financial Capability

Q&A

Ju Julie liette Col Colli lier, Ca Campaig ign for Lea Learning Dr Dr La Laurence Pier iercy, Go Good Thin ings Fou

  • undation

Step ephanie ie Ha Hayter, Th The e Mon

  • ney Ch

Charity Scott Morris ison, M Mon

  • ney Advi

vice Ser ervice

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Financial Capability Financial Capability

To hear more about how we can support you to evaluate your financial capability programme, contact us at whatworks@fincap.org.uk

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Thank you

www.fincap.org.uk @FinCapStrategy |#TalkMoney|#FinCap17