The FSA has unveiled a new online service designed to provide basic education on finance to consumer...
The FSA has unveiled a new online service designed to provide basic education on finance to consumers.
Called 'Learn Online', the service does not promote individual products but is designed the is designed to explain the basic concepts underlying financial planning and products to inform consumers about the different investment options and looks at generic financial planning strategies.
As part of its attempt to promote public understanding of finance and investment, new tools explain how the different types of products work and factors to consider when deciding how to manage your assets, and sits alongside existing financial educational material supplied to teachers and parents.
The web service is also being released just prior to Sandler and Pickering reviews, which are expected to call for simplification of products and could lead to less call for financial advice from consumers.
Additions to the FSA consumer site explain to consumers the basic principles of meeting their own financial needs, the risks involved, as well as some of the more complex terms many consumers might not understand.
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