FSA ‘helping with finances’

In its report on the success of the National Strategy for Financial Capability, the authority states that it has helped “thousands” and will go on to help a further ten million with financial and debt management advice by 2010.

John Tiner, chief executive of the FSA, said: “Despite being in the early days of delivery, we’re helping thousands of people across the UK approach their finances with a new sense of confidence.

“The programmes range from school participation through to workplace seminars and have been developed with and delivered through a range of partnerships.”

Amidst calls that financial education and debt management should be taught in the classroom, 278 schools have signed up for the learning money matters scheme.

A further 19 universities have also signed up for a debt advice programme and funds to target special groups have also been released.

Parents are also set to benefit from a new debt advice guide, the FSA said, as the programme of better financial education goes on to expand.