Checklist
Parental Contribution Schemes are designed to address the issues of providing access to technology for all students and are being used to great effect already in UK educational institutions.
The introductions of these schemes should be well researched to ensure all levels of transparency, risk and compliance are fully understood. Below is a checklist of requirements that should be included within a Parental Contribution Scheme which should be referred to when comparing proposals.
Are all costs to the school separated out for full transparency and to ensure compliance with school funding requirements?
Is the lessor:
Is the underlying lease agreement an independent document?
Do quotes include Insurance Premium Tax?
Is the insurance provider approved by the Department of Trade & Industry, authorised and regulated by Financial Conduct Authority (FCA) and supervised by the Prudential Regulatory Authority (PRA)?
Are the full terms and conditions of the lease agreement and insurance policies available to be viewed at any time?
If you have any questions get in touch with the Education Team via education@chg-meridian.com