The MAS intends to deliver a series of targeted interventions and school-based programmes to young people. Here Rod McKee, vice principal, Institute of Financial Services (IFS) School of Finance argues that this is simply not enough.
When the Money Advice Service (MAS) recently published its business plan for 2014, it highlighted one of its key areas of strategic importance as "developing a new UK strategy for financial capability" which intends to "help young people become more money savvy". Specifically MAS intends to deliver this through a series of "school-based programmes" and "targeted interventions". This renewed focus on financial capability for the young comes at a time when teenagers are being forced to take ever more complex financial decisions at earlier stages in their lives, from getting to grips wit...
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