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FSA helps children become financially aware

The FSA have stepped in to help primary teachers improve standards of personal finance education in schools in line with new National Curriculum requirements.

Research from Loughborough University has identified huge gaps between children form rich and poor background&#39s awareness of financial institutions.

Children from low income households are aware of budgeting in the home and understand the consequences of running out of cash.

Those from more privileged backgrounds are less exposed to financial realities, but more aware of alternatives to cash such as credit cards and cheques.

The FSA intends to run an annual rolling programme of education conferences to meet its statutory objective of promoting public understanding of the financial system and to help children take financial skills into their adult lives.


Pension savers warned to act fast

Millions of pension savers need to act fast as basic tax rate falls to 23 per cent to 22 percent on April 6, cutting base rate tax relief by the same amount.Those making lump sum contributions will save a pound in every hundred if they do so before April 5.Legal & General spokesman Andy Agar […]

Scot Mut launches new issue of income bond

Scottish Mutual is launching a new issue of its Income Bond offering investors the choice of capital growth or regular income.The bond will track the Dow Jones Euro Stoxx 50 stockmarket index over a fixed three year term.The index tracks the performance of the top 50 companies in Euroland including Nokia, Unilever and Philips Electronics.It […]

Hermes plans stakeholder launch

Fund management group Hermes which manages the British Telecom and Post Office pension funds is planning to launch into the stakeholder pension market through life assurance groups and trade unions.Hermes to offer the pension in conjunction with Liberty International, the financial services and property company.It will specialise in managing index-tracking funds to keep within the […]

Fund managers shy of US

UK pension funds only allocate 1.6 per cent of their portfolio to US equities according to the final returns of the Caps performance measurement consultancy.The figures from the end of December are down 1.8 per cent from a year earlier and 4.3 per cent from five years ago, reflecting fund manager&#39s concerns about the risks […]


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