I was heartened this week by the efforts of Welsh Financial Planning firm Celtic Financial Planning to both help improve children’s financial literacy and support local charities.

Almost two in five, 39%, of people lack confidence with pension planning, while nearly half, 48%, said they don’t feel confident investing, according to a new study.

The CISI Future Foundation, the charity arm of the professional body, is to award 14 UK charities with grants totalling £952,600, to provide financial literacy programmes mainly for disadvantaged young people.

The CISI Future Foundation has made grants totalling £145,000 to two UK-based financial literacy charities that aim to help entrepreneurs and teachers.