Training could help young adults avoid debt

clock

Serious debt problems among young adults could be avoided if staff who work directly with vulnerable 16-25 year-olds are given financial skills training, says Citizens Advice.

The statement comes after a joint Citizens Advice and Financial Services Authority project, to train staff such as social workers, found more than 80% of those of who took part would use what they had learnt in training sessions in their everyday work with young adults. Staff who took part also reported feeling better able to recognise at an early stage when young people were heading for serious debt problems, and to encourage them to seek help before their debts spiralled out of control. The pilot took place this year as part of an FSA-led strategy to help establish effective ways to...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Gillian Hepburn: Benchmark's 'cradle to grave' approach is a USP

Gillian Hepburn: Benchmark's 'cradle to grave' approach is a USP

‘We can help advisers start up a business depending on how they’re joining us’

Sahar Nazir
clock 19 August 2025 • 3 min read
Targeted support: 'Watch this space!' – unknowns persist

Targeted support: 'Watch this space!' – unknowns persist

Industry awaits final details of the FCA’s proposals

Isabel Baxter
clock 19 August 2025 • 7 min read
FNZ launches adviser-focused AI tool as personalisation demand grows

FNZ launches adviser-focused AI tool as personalisation demand grows

Generative AI solution intended to cut admin time and help advisers meet Consumer Duty standards

Sahar Nazir
clock 19 August 2025 • 2 min read