The financial education challenge

Mounting levels of debt among the public, a failure to save enough for retirement and numerous mis-selling scandals – all challenges facing the financial services sector and all issues that could potentially have been tempered with better financial education. The need for financial education in schools may have been talked about for many years, yet it is only recently that politicians have applied the pressure to make progress. According to research by the Money Advice Service (MAS), the industry already invests about £25m a year in 36 programmes, mostly targeting under-18s, although ...