Gosling's Grouse: Financial education shortfall

Support from industry

clock • 2 min read

'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 ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

FCA's cancelled name and shame policy 'deeply flawed from the outset'

FCA's cancelled name and shame policy 'deeply flawed from the outset'

'Significant development’

Sahar Nazir
clock 13 March 2025 • 2 min read
FCA and PRA ditch plans to progress with diversity and inclusion targets

FCA and PRA ditch plans to progress with diversity and inclusion targets

'To avoid additional burdens on firms'

Linus Uhlig
clock 12 March 2025 • 2 min read
FCA's Sacha Sadan: SDR has 'raised the bar' and 'we recognise it is not easy'

FCA's Sacha Sadan: SDR has 'raised the bar' and 'we recognise it is not easy'

Over 100 funds now labelled

Cristian Angeloni
clock 12 March 2025 • 5 min read
Trustpilot