Financial Capability Strategy

We have supported the work undertaken by the FSA towards improving financial capability within the population as part of its statutory objective to promote public understanding of the financial system.  We believe that better informed consumers become better clients as far as smaller firms are concerned.

We have also welcomed the establishment of the Consumer Financial Education Body to provide non sales related money guidance.  However, we will watch carefully on the funding of this.  It was set up to be part government and part industry funded: we do not wish government cost cutting to result in only industry funding this initiative.