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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,


Verity’s view

With both sides claiming victory over Legal & General’s ground-breaking challenge to the FSA concerning its 1.1m fine for endowment misselling, which side has really won?L&G’s victory dance convinced more members of the press than did the FSA’s equivalent.

Stuart Dyer

The chief executive of Cofunds says the tie-up with Legal & General puts it in the right position for the depolarised world, opening up access to different markets and moving the firm closer to a wrap proposition.

The corporate card

There is a huge untapped market of companies which can benefit from offshore bonds and accounts.


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