Pembrokeshire's AM have called on teenagers in the county to take part in a national writing competition organised by financial education charity, the ifs School of Finance.

The ifs Young Business Writer of the Year competition is open to anyone aged between 14 and 19. To compete for the top prize of £500 they have to write an article of no more than 1,000 words in a business magazine style.

Every year the ifs Young Business Writer of the Year competition is judged by a business or finance journalist from a national newspaper.

This year they must write about "Saving for the future, one size fits all?"

Angela Burns, AM for Carmarthen West and South Pembrokeshire, said: "I am happy to support this competition as it can help students think about the very important issue of saving for the future."

Paul Davies, Preseli Pembrokeshire AM added: "Anything that encourages youngsters to take a responsible attitude towards money must be welcomed."

Gary Millner, Corporate Relations & Communications Director at the ifs School of Finance, said: "I'm sure we will receive many different views about how to tackle this problem from young people across the UK, including from Pembrokeshire."

*Anyone aged between 14 and 19 who wishes to enter the competition simply has to e-mail their article (which must not exceed 1,000 words) to ybwy@ifslearning.ac.uk before February 29 2008. Further details can be found online at www.studentinvestor.org