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|Financial Capability Week 2016 announced|
|Tuesday, 06 September 2016|
The first ever UK Financial Capability Week will take place from 14 – 20 November 2016.
Organised under the umbrella of the Financial Capability Strategy for the UK and coordinated by the Money Advice Service, Financial Capability Week will bring together a wide variety of organisations and policy makers from the worlds of industry, banking, finance and charities. It will aim to raise awareness about the stubbornly low levels of financial capability across the UK and encourage organisations to work together to address this issue and help people make the most of their money.
The week will launch on 14 November at the Bank of England and will be opened by Money Saving Expert’s Martin Lewis. Throughout the rest of the week there will be a range of events and activities designed to encourage discussion, share best practice and celebrate successes over the last year.
Over 200 organisations are taking part in the week in a number of ways, either by sharing financial capability information, getting involved in social media discussions or hosting events to showcase their work.
Andy Briscoe, Chair of the Financial Capability Board comments: "We look forward to bringing together the many organisations who work tirelessly to help improve the nation's financial capability. The Financial Capability Week is an ideal opportunity to share best practice and to discuss how we can further coordinate our efforts. We will also be celebrating the progress made in our first year following the Strategy launch."
Martin Lewis, founder of MoneySavingExpert.com says: “The internet boom of the last 15 years has seen great strides made in improving the financial capability for millions of people – providing instant information and tools to help. Yet that means the gap between the information knows and knows nots has grown even wider; and that information gap translates directly to people’s standards of living. Financial Capability Week is crucial to persuade more people that it pays to invest time into understanding money.”
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