The Department for Work and Pensions (DWP) has called for immediate action for the design and implementation of a financial education programme for adults regarding long-term saving and retirement planning.
Based on new research conducted for the DWP, the government says there is no 'quick fix' solution to increase the financial capability of consuemrs in the UK and therefore believes efforts should be concentrated on instilling financial education in schools for children up to and including the age of 16. The department says it aim of providing financial education in schools is supported by the education departments of all four UK constituent countries, while a host of non-governmental agencies, the financial services industry and the voluntary/community sector have pledged to work in uniso...
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