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FSA looks for ‘quick wins’ to allay fears on education

The FSA is hoping to score “quick wins” to convince consumers that its financial education plans have not stalled.

It is drawing up a list of schemes that could generate short-term results after firms’ concerns over the time it was taking to develop a financial capability strategy.

An FSA report on the last steering group meeting says: “The steering group was concerned that this could be perceived, externally, as a lack of progress.” It adds that January’s meeting “could consider where the quick wins are and how the communications plan should link to the delivery of products.”

IMA director of training and education Victoria Nye, who is on one of the FSA financial capability working groups, says: “There is a concern that people will think that nothing has been achieved. It is a long-term strategy and a lot of it is not very exciting stuff.”

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