The Financial Services Authority (FSA) has launched a major financial education programme for 18-40 year olds, as evidence suggests younger people are less capable of managing their financial needs than their elders.
The launch of a programme, which is designed to help more than 10 million people over the next five years, follows an FSA survey – Establishing a Baseline – which reveals even after lower incomes and limited experience are taken into account, those in the 18-40 age group are less financially capable than people born in the mid '60s. The regulator has published a seven-point programme setting out how the National Strategy for Financial Capability will help address the challenge of increasing the financial skills of this age group. It will see financial education, information and advice r...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
