financial capability

The Financial Services Authority (FSA) has launched a major financial education programme for 18-40 year olds, as evidence suggests younger people are less capable of managing their financial needs than their elders.

The Financial Services Authority is offering voluntary and community organisations a share of at least £100,000 to come up with "original, creative projects" to help consumers become "more capable" with their finances.

An education programme targeted at seven different sectors of society are being created under the FSA-led Financial Capability Forum to improve consumer knowledge about their money and finances.