Scottish students encouraged to plan for future financial days

City of Glasgow College has joined with The F&C Investment Trust to launch a new competition for its students

F&C Investment Trust is partnering with City of Glasgow College to launch a new award. The winner of The F&C Investment Trust Prize will be recognised for “innovative thinking” about their financial futures, via a competition looking to engage and inspire both students and faculty staff.

The prize, which launched on 7 December, will showcase students’ financial understanding and ask them to unlock inventive ways to close the UK’s financial knowledge gap. The winner’s prize package includes £10,000 for their faculty to invest in research, innovation or development, alongside personal career mentoring and recognition across the college’s twin campus estates in Glasgow.

The competition runs until 31 January, when responses will be shortlisted by a mixed judging panel of external experts, followed by a public vote. The prize will be awarded in February, with students and faculty staff encouraged to enter via a wide campus campaign.

The judging panel will focus on entrants’ level of understanding, creativity, and how well they explain their idea. Entries can be from individuals or groups with a City of Glasgow College Student ID, submitted in any creative medium from vlog to essay, video to podcast. The entry should take no longer than five minutes to “read, watch, listen to, or consume”.

About the competition

Students of any faculty are asked to creatively respond to one of three question categories:

1. Saving Why and when? With changing state aid and the unknown future, how do we better prepare people to start thinking about financial security from a young age? Why do we need to save and when should we start thinking about it? In a nutshell, why does saving matter?

2. Financial futures How do we prepare ourselves? Looking at how different generations have provided for their financial futures. Is saving for the future more or less difficult for you than it was for your parents or grandparents?

3. Growth What can we expect in 150 years’ time? If you could only buy one thing now to save for your future, what would it be?

City of Glasgow College Principal & CEO, Paul Little, said: “As Scotland’s largest college, we are committed to equipping each and every one of our students with the core skills they need for the world of work. Being able to navigate the many challenges of the financial market place, alongside making good financial decisions, are essential elements at the heart of our curriculum. I’m thrilled to launch this unique prize and hope it’s the first phase of a lasting partnership that will benefit students today and in the future.”