Media comment: Money Advice Service comments on Action for Children report

Tuesday 14 July 2015

Following the publication of today’s report from Action for Children ‘Getting a fair deal? How to help vulnerable young people manage their money’,

Caroline Rookes, Chief Executive, Money Advice Service says: “This research demonstrates just how important it is to encourage young people to engage with the information and advice available to help them make the most out of their money. It is also important for the finance industry to consider how information and services can target young vulnerable people more effectively to ensure they are equipped with the knowledge and skills they need to reach their aspirations.

“We are working closely with the finance sector to coordinate a financial capability strategy for the UK and a large part of this involves looking at how to bolster young people’s financial skills, knowledge, attitudes, and motivations.

“We’re really pleased that many of the leading financial institutions and advice organisations are in support of this strategy.”

ENDS

Contact: Money Advice Service Press Office on 020 7943 0593 or press.office@moneyadviceservice.org.uk