I delivered a speech at the launch of the "Financial Capability in Schools" initiative in the South East organised by The Institute of Chartered Accountants, the Personal Finance Education Group, and local schools.

Financial capability is closely linked to financial inclusion and this project involves chartered accountants working as volunteers with teachers to improve financial literacy in school age children.

Tackling financial exclusion is high on the agendas of both the government and the Financial Services Authority (www.fsa.gov.uk) and I was really pleased when Children's Minister, Ed Balls, launched the new financial capability strategy in January.

Boosting financial literacy in schools is just one strand of this. The government will also be taking forward plans for a national approach to generic financial advice.

I was pleased to join the institute for their 75th anniversary and awards ceremony in the evening.

Tags: Financial Capability

Posted on November 11, 2007 in Education.