The Financial Services Authority is offering voluntary and community organisations a share of at least £100,000 to come up with "original, creative projects" to help consumers become "more capable" with their finances.
The Financial Capability ‘Innovation Fund’ was launched today by FSA chairman Callum McCarthy to fund projects, worth between £5,000 and £20,000 each, until which are teach individuals how to manage their financial affairs. At this stage, proposals are being invited for development projects set to run until March 2007. More importantly, the FSA is seeking to draw on “the knowledge and expertise of frontline practitioners” to find new ways of increasing consumers’ financial knowledge as well as try to assist in the delivery of these ideas and find out what doesn’t work in terms of mark...
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