History of the National Strategy
Why the FSA?
Whilst, the overall responsibility for literate and numerate adult citizens lies with the government, the FSA has a statutory objective to promote public awareness of the financial system. So many of the problems in the retail market for financial services are rooted in the low level of financial capability of those increasingly required to take financial decisions.
The National Strategy for Financial Capability has an overall vision of achievement:
'We share a vision of better informed, educated and more confident citizens, able to take greater responsibility for their financial affairs and play a more active role in the market for financial services.'
(Building Financial Capability in the UK, FSA 2004)
Financial Capability Factsheet [PDF]
