The Institute for Financial Wellbeing (IFW) has appointed financial education charity Redstart Educate as its first associate member.

The IFW is a non-profit body which aims to promote and campaign for better adviser and client wellbeing.

The IFW offers associate membership to charitable organisations with an interest in the topic of money and wellbeing in order to work together to achieve positive changes in the UK’s financial services industry and across financial education.

Redstart aims to transform the life chances of primary-aged children across the UK through financial education.

Nick Marsh, CEO of the IFW, said financial education is a key component of what the institute is trying to achieve.

He said: “I’ve been impressed for a long time by the very real impacts Redstart is having in the lives of school children, their parents and teachers through instilling a knowledge of the benefits of understanding money.

“Their approach and ambitions support our mission of empowering people of all ages to feel safe and confident around money by creating a space for conversation, collaboration and positive change. We know financial education is a vital ingredient in achieving this aim.”

Sarah Marks, CEO of Redstart, said its collaboration with the IFW should help the charity get its message across and promote conversations around the importance of financial education.

The IFW was set up by Financial Planner Chris Budd in in September 2019 and is a membership-based business providing research, tools and knowledge focused on the growth of financial wellbeing.

The IFW works with a number of partners who have the opportunity to lead and support new financial wellbeing projects and research.