Yet helping young savers stay safe is not the same as helping them become financially responsible. In this regard, the industry could do more. For instance, payment products should ensure that regular balance updates are provided via text or a mobile app to help a child keep on top of their spending.
How often do you visit your bank branch? I'm going to guess it's a lot less frequently than you used to, say, five years ago. And you wouldn't be alone - figures show that daily visits to branches have fallen by 32% since 2011 and the number of times people visit a branch is set to almost halve by 2020 as more people favour their smartphones to manage their finances.
But in a world where we constantly ask why it is that women don't 'reach higher' in their careers and with their ambitions, it may be worth thinking about more examples of what successful women look like - what they do. It would be uplifting to see more women say 'if she has done that, maybe I can too.'
Katherine Round's film explores a key issue of the modern age, the ever growing gap between the "have's" and "have not's", our obsession with wealth and the growing feeling that capitalism isn't working. It is shot beautifully, and this cinematography embraces and cuddles you as you follow the lives of people on both sides of the wealth divide.
Last weekend I watched, and loved, The Big Short, a film based on the book of the same name by Michael Lewis, which describes a group of disparate outsiders who each spotted the colossal financial malfeasance which gave rise to the banking and housing crisis of 2008. The writer-director Adam McKay manages to create a hilarious, sharp, clear and compelling movie, all the more impressive given that the subject matter is, frankly, pretty dry and horrendously complex - riddled with acronyms and nuanced money manipulations in identikit boardrooms.
The Chancellor should have stuck to his guns, and done the fair thing for the British people - regulate and tax the banks properly. As it is, the Bank of England & Financial Services Bill signals a major retreat by the Chancellor from what was until now his own policy. Thus, whilst he stands firmly behind his failed austerity (National Debt up 60% in his six years in charge), he is going soft on banks.