The FSA is looking to educate young people about financial services at times such as leaving school, starting a first job or going to university as it says these activities require the need for financial products, services and money management skills.
The decision comes after an NOP study commissioned by the FSA found that young people aged between 15-19 rarely shop around for financial products and services because they mostly chose providers recommended by their parents.
The study found that young consumers are not highly interested in financial services and are not prepared to commit time to shopping around for appropriate products or good deals.
Spokeswoman Jackie Blyth says: “The FSA is looking to try to develop and improve its understanding of consumer needs and the triggers for purchasing financial services. This study helps us understand drivers in young consumers.”