Nearly one in four primary school children (23 percent) in the UK have used their parents’ card to make purchases and one in five (18 percent) know their parents’ credit or debit card PINs, research from Prudential has found.

The survey coincides with the introduction of Prudential\'s new free online educational resource, Cha-Ching, which is designed to improve the financial capability of pupils aged seven to 11 across the UK.

Prudential’s research found children who are allowed to use their parents cards are mainly given permission so they have access to money in an emergency. Parents also argue that...