Santander member Abbey has announced a new training programme to help 16-18 year olds holding a student account with the bank to learn about finance management .

The Master Class was originally designed for adults, but now young people who are starting their chosen career will be able to receive the help of mentors, online advice and podcasts.

England rugby player Danny Capriani has been signed up to offer financial advice to the youngsters, giving a sports-themed Master Class in July.

He said: When I was young, I knew I wanted to play rugby and my mum was my biggest mentor and supporter. Whatever career path people take, it is important to know what options are available.

The Co-operative Bank recently announced a new mortgage designed to help young people without a substantial credit history get on to the property ladder by offering a mortgage guaranteed against parents' or other family members' income.