Chris Budd: When to use the term 'financial wellbeing' … and when not to
Five pillars
Chris Budd: "When a consumer comes across the term financial wellbeing there should be a consistency about what they expect to encounter."
With the term financial wellbeing on the rise, Initiative for Financial Wellbeing chair Chris Budd explores when the term should and should not be used in an effort to halt the misapplication of the phrase
Recently we have seen a dramatic increase in the use of the term financial wellbeing. The phrase has been adopted by both the Money and Pensions Service (MaPS) and the Financial Conduct Authority (FCA)....
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