Banks should not pay for finance education - BBA

A nationwide financial education scheme, announced today as part of the Queen's Speech, is to be launched next year, with funding to come from the financial services industry. However, the British Bankers' Association (BBA) says its members already contribute significant sums to financial education in the UK, and says additional levies would be counterproductive. In a statement issued today, the BBA says: "Banks are fully committed to financial education and would support moves to refocus and target the estimated £100m a year they already pay towards financial education. "Simply as...