The F&C Investment Trust Prize is back for the second year in a row and this year it has partnered with four universities and colleges around the UK to give more students the chance to take part.
It's brought to students by the world's first collective investment fund, the F&C Investment Trust, which was established over 150 years ago, in 1868. A lot has happened in the past 150 years and the world is constantly evolving, which means we have to adapt and innovate to stay on top and move with the times. To win, the students were challenged to answer one of three questions on themes and issues that impact our society today and influence our future.
Having grown up against a backdrop of financial crisis and austerity, the members of Generation Z – born between the mid-1990s and the early noughties – tend to be hardworking, debt-averse and frugal. What are the key financial challenges faced by 'Gen Zs', and how do you think they can achieve financial security?
We think that good corporate governance and sustainable practices are essential. Because we believe in getting involved, we engage directly1 with companies on issues from climate change to labour standards. How do ethical issues influence your life and your choices as a consumer … and how do you think this might affect the world of investing in the future?
Studies2 have shown that companies with a positive proactive approach to diversity and inclusion tend to perform better than their less progressive peers. Do you believe this development is significant for business and society, and how do you think it will continue to evolve?
Aminaa Adams, from Nottingham, has won the F&C Investment Trust Prize at Queen's University of Belfast. Aminaa, who is studying law, created a short video investigating the financial challenges Gen Zs (those aged 16 to 24 years old) face, including home ownership and securing high income and stable work. The video entry explored how this generation can provide for their future through the potential rise of the Gen Z entrepreneur or “zentrepreneur”, as these individuals can use their unique skills and predisposition to technology to provide for themselves.
Eugenia Angesti Meganingtyas and Frea Marie Pilla Repospolo have won the F&C Investment Trust Prize at the University of Leeds. Eugenia, who is studying International Studies and Frea who is reading Asia Pacific Studies and International Relations chose to answer the question 'how does sustainability and ethical principles affect our choices' and they developed an educational video looking at what it means to be both ethical and sustainable and why we feel a growing need to be more responsible in our daily lives.
Kirstie Ann Duncan who is studying for an HND in Legal Services has won the prize at the City of Glasgow College. Kirstie chose to answer the question: Investing for the future: how do young people provide for their financial future? Her winning entry was submitted in a video format and focusses on Generation Z, encouraging them to consider their financial future and offering suggestions on what steps to take to ensure they are financially secure.
Fraser Campbell from Watford has won the F&C Investment Trust Prize at the University of Bristol. Fraser, who is studying history, created an animated infographic and chose to answer the question How does sustainability and ethical principles affect your choices. His winning entry focused on Ethical Consumerism and the impact of spending in the future.
Annabel, from Cambridge is a Law student at Anglia Ruskin University. Annabel's entry was in essay format and answered the question 'How will diversity and inclusion continue to impact society?'. Her winning entry examined the benefits that diversity of opinion and experience can bring to a business, and the difference that this diversity can make – not just to each individual company, but also to society as a whole.
Heather Ramsey, an HND Legal Services Student at the City of Glasgow College was the winner of the inaugural F&C Investment Trust Prize.
Her winning entry was in a short video format and answered the question 'Growth: what can we expect in 150 years' time' and it focused on a new investment market emerging by 2169 - the Companionship Industry.