The recently published Thoresen report proposes a service that allows people to become more engaged with the financial services industry. Helen Morrissey gauges response to the scheme
Building a strong foundation of financial education has never been as high a priority as it is today. Rising levels of personal debt coupled with a dwindling savings culture means people need to engage with their finances if they are not to spend their retirement in real financial peril. While financial education is now being tackled as part of the school curriculum what help can be given to those who have left the education system? In March Aegon UK chief executive Otto Thoresen revealed the findings of his government backed review into generic financial advice. In it he recommended the ...
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