Increased returns, cash protection, and simple reporting: Why Twyford School uses Insignis

This article was written by Lucy O’Boyle, Head of Content at Insignis

Company: Twyford School

Prep school for 2–13-year-olds.  

Results with Insignis:

• £500,000 in interest across 5 years

• One, clear view of treasury management  

• Deposits diversified to maximise FSCS protection

“Over the years that Twyford has been with Insignis, it’s £500,000 richer,” Kathryn Pillar, Bursar and Clerk

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Bringing Insignis to Twyford School

On joining Twyford School in 2021, Bursar and Clerk Kathryn Pillar looked for savings management that would optimise the school’s reserves and maximise FSCS protection coverage, without the team having to manage accounts with multiple banks and building societies.  

Having used Insignis in her previous school, she discussed the platform and its benefits with Twyford’s governors. Since then, the governors have “been delighted with the money that the school has been able to make through more prudent treasury management.”

We spoke to Kathryn to find out what this looks like in practice.  

Increased visibility and control over school finances

For Kathryn, the fundamental benefit of Insignis is that it gives you greater control and visibility over school finances. She explained:

“It’s a one-stop shop. It’s easier to place investments in over 30 institutions…and the transaction history and investment reports let you see straight away how well you’re doing.”  

This visibility and levels of authorisation in the platform benefit different teams within the business too. At Twyford, Kathryn as Bursar has one level of access for placing funds and treasury management, and the Finance team another to allow for reporting that streamlines their monthly cash reconciliation process.  

The three tangible benefits of using Insignis

The increased visibility over school funds has provided three tangible outcomes for Twyford.  

1) The “huge return on investment compared to your high street bank” – Twyford School has earned £500,000 in interest since it started with Insignis, 5 years ago.

2) Risk protection – Twyford can spread its funds to make sure deposits are covered by FSCS protection. Insignis also provides each institution’s credit rating so Kathryn can make an informed decision on where to invest more.  

3) Ease of access and reduced admin from a single view of all Twyford’s accounts, without having to log into multiple banks and building societies.  

Get your funds working as hard as you do

“It’s a no brainer, just do it. It’s been the best thing for Twyford School.”

Once Kathryn had decided to use Insignis, onboarding to the platform was quick and easy. Since then, Twyford has had full, ongoing support from the Insignis team. She said:

“My experience with the Insignis team has been faultless. Mario and his team are exceptional and very quick to respond.”

The Insignis team currently helps over 500 schools to increase returns on their cash, as the only savings platform approved by the DfE.  

Get in touch to find out how you can turn your school’s reserves into resources.  

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