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PFS launches school-based training project

The Personal Finance Society, in partnership with the Personal Finance Education Group, is launching a school-based financial skills and awareness project.

The PFS is calling for members to get involved by volunteering to take part in the project and teach students essential skills to handle their finances.

Volunteers will participate in a one-day training and development course, before being partnered with local schools.

The PFS says recent research found that 800,000 school leavers believe an Isa is an Ipod accessory.

PFS chartered financial planner and president Paul Lothian says: “It is essential that we are able to give our next generation the understanding, skills and confidence to make everyday financial decisions. As a profession, financial advisers are perfectly placed to help.

“The PFS has a rich seam of highly experienced and talented professionals that are keen to engage and inspire young people by making finance interesting and relevant to their lives.”

Pfeg chief executive Wendy van den Hende says: “We are delighted to have the backing of the Personal Finance Society. With 90 per cent of teenagers worrying about money on a daily basis, improving their financial capability will give them the fundamental skills and knowledge in financial matters to participate fully in society.”


Watchdog dismay at response to report

Parliamentary Ombudsman Ann Abraham says the Gov-ernment’s response to her July 2008 report on Equitable Life was “deeply disappointing” and provided insufficient support for the rejection of her findings of maladministration and injustice.

FTSE hits 4-month high

The FTSE 100 opened higher today with banking stocks pushing the index to its highest intraday level since mid-January.

Adding complexity

Noise about the retail distribution review seems to have subsided as other matters are beginning to shape the distribution of UK financial services.


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