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&#39Consumer education beats rules&#39

Consumer education will accomplish more than any rules or regulations will in terms of consumer protection according to FSA chairman Howard Davies in a speech this week.

Speaking at the regulator&#39s third annual education conference in London, Davies said educating today&#39s youth and promoting financial literacy among adults are the keys moving forward.

Davies said: “Ultimately, a long-term program of cultivating awareness and understanding among consumers will achieve more consumer protection than any rules or regulations can ever hope to."

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