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Helping you make the most of your money: a joint action plan for financial capability

The Government and the FSA published Helping you make the most of your money: a joint action plan for financial capability on 7 July 2008.

The joint action plan sets out measures to help people manage their money, now and in the future, and will help to deliver the Government and the FSA’s shared vision of better informed, better educated and more confident consumers, equipped to take control of their finances and play an active role in the financial services market.

The action plan announces:

  • A one-stop-shop for information and support, based on the FSA’s Moneymadeclear website and consumer helpline, to established and extensively promoted from late summer 2008;
  • plans for the Money Guidance pathfinder, being taken forward in partnership by the Government and the FSA in response to the Thoresen Review. This will launch in the North West and North East of England in early 2009;
  • The Government’s new £11.5 million three-year programme of personal finance education in primary and secondary schools, complementing the FSA’s £16 million Learning Money Matters programme;
  • A range of measures that offer education and support, targeted to reach people at key points in their lives, like the birth of a child or thinking about retirement, and through the channels they know, trust and frequently use.

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Financial capability index
Financial services index