Topic of interest - Financial capability
The FSA leads the National Strategy for Financial Capability in partnership with the Government, financial services industry, and voluntary sector and consumer education groups. This work supports our statutory objective of promoting public understanding of the financial system.
Financial capability
Financial capability means being able to:
- manage money;
- keep track of finances;
- plan ahead;
- make informed decisions about financial products; and
- stay up-to-date with financial matters.
More financially capable consumers know how to access the products and services that suit their needs. Our strategy targets adults, young people and more vulnerable groups such as young adults who are not in education, employment or training (NEET). We also deliver straightforward information through our Moneymadeclear consumer website and publications.
Aims
We share a vision for better informed, and more confident citizens, able play a more active role in the marketplace for financial services.