UK financial literacy 'embarrassingly low' compared to other nations

‘There is a persistent issue around financial literacy’

Jenna Brown
clock • 3 min read

Financial literacy in the UK is “uniquely bad” when compared to other countries and the “stark issue” must be addressed, according to experts on a panel discussion at PA360 North.

Funkled founder Dan Russell said poor financial literacy and understanding was "the single biggest challenge facing financial services". "The financial capability crisis that we are facing is driving very poor financial outcomes," the former Simplybiz managing director said. "The UK is uniquely bad in this." The London Foundation for Banking & Finance CEO Shelley Doorey-Williams and WTF Money money psychology specialist, author and executive coach Fleur Iannazzo joined him on the panel in Warrington this morning (2 October). Doorey-Williams said there was a huge financial literacy ...

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