Gosling's Grouse: Financial education shortfall

Support from industry

'Education, education, education' was a slogan which became famous during Tony Blair's time in power.

However, with the average adult having the numeracy and literacy skills of an 11- or 12-year-old, you could argue the state system did not improve during his time. And if that is not bad enough, the financial services industry contributes hundreds of millions of pounds a year to what we broadly call 'financial education'. Much of it has been wasted as it has not encouraged more people to save - legislation in the shape of auto-enrolment has done that - and thousands are still getting caught out by pension freedoms scams and boiler room share dealing operations. Financial education ...