News Analysis: Promoting public financial knowledge

Graeme Trudgill Biba

Emmanuel Kenning reviews the formation of an independent body designed to enhance the public's understanding and knowledge of financial services.

At the end of April the Consumer Financial Education Body was established with the task of providing the public with free, confidential and impartial advice on managing day-to-day finances and avoiding debt.

This year will see the ongoing roll-out of its Money Guidance service, delivered under the Moneymadeclear brand, allowing the public to speak with trained money guides face-to-face, over the phone and online at www.moneymadeclear.org.uk

The CFEB takes over responsibility for these programmes

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Lords Committee ‘unconvinced’ on FCA name and shame proposal

The House of Lords Financial Services Regulation Committee is unconvinced on the FCA’s name and shame plans as it branded the consultation an “abject failure” and urged if concerns have not been addressed in the regulator’s second consultation the proposals should not go ahead.

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