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Costs of financial education should not fall on sector

Daniel Godfrey, director general of the Association of Investment Trust Companies, has called on the Government to create a Financial Education Agency. This agency could, he suggests, come under the umbrella of the FSA to provide financial education across the UK.

He says education in finance is vital as a safeguard against debt, as well as assuring that UK competitiveness and entrepreneurial culture remain strong.

He further suggests that a levy should be imposed on the financial services sector to pay for it.

Does he think, not unlike the Government, that the financial services sector is a bottomless pit and that yet another levy and agency should be imposed on us?If he is concerned about the entrepreneurial culture remaining strong, then for heaven’s sake stop encouraging the continuous theft of our income by those who are not entitled to it.

David Barnett
DPB Independent Financial Services,
Edgware,
Middlesex.

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