The National Strategy for Financial Literacy establishes a high-level umbrella framework under which financial education initiatives can be co-ordinated, and any gaps in coverage identified.
Financial education is the teaching and learning that leads to financial literacy.
The National Strategy for Financial Literacy uses the OECD definition of financial education:
“the process by which financial consumers/investors improve their understanding of financial products and concepts and, through information, instruction and/or objective advice, develop the skills and confidence to become more aware of financial risks and opportunities, to make informed choices, to know where to go for help, and to take other effective actions to improve their financial well-being.”
Education may be formal or informal, compulsory or voluntary, and the channels through which it is delivered may vary widely.
In support of the strategy, this section contains a list of providers of financial education.
