Free Online Retirement Planning Budget Calculator - PowerPoint

							Financial Capability


                  Jan Ferrari
          Financial Services Authority
               4 December 2009
National Strategy for Financial Capability


  • The Financial Services Authority leads the National Strategy
    for Financial Capability

  • We work in partnership with the Government, financial
    services industry, employers' organisations, consumer
    organisations and not-for-profit sector to improve the
    financial capability of people in the UK

  • Financial capability means:
     – being able to manage money
     – keeping track of finances
     – planning ahead
     – making informed decisions about financial products
     – staying up to date about financial matters
How can FSA resources help?


  • Direct to consumer and through
    intermediaries
  • We know that intermediaries - e.g. health
    professionals and local authority staff - are
    often asked about money issues
  • …..and may need information themselves
  • FSA resources are free and impartial
• www.moneymadeclear.fsa.gov.uk
• Website, free guides and useful tools
• Practical tips on the financial implications of major
  life events - such as starting a job or managing in
  retirement
• Interactive online tools, such as the budget
  calculator, financial healthcheck and mortgage
  calculator
• Tips on how to shop around, and ‘Compare
  Products’ tables to compare the features and
  costs
• Consumer helpline - 0300 500 5000
Coming soon….money guidance


                 • Currently available in the North East and
                   North West.

                 • The Government has announced the UK-
                   wide roll-out - due to start in 2010.

                 • This extended Moneymadeclear service
                   can help you or your clients with everything
                   from budgeting to borrowing, savings to
                   mortgages.

                 • Available on-line, over the telephone and
                   through face-to-face appointments
                   with dedicated money guides.
More FSA resources…..
The Parent’s Guide to Money

   A spiral-bound booklet for expectant parents with sections
    on the key issues - including:
      maternity and paternity leave
      the cost of childcare
      Child Tax Credits and other benefits
      Child Trust Fund
      saving and borrowing

   Parents can dip in and out to find the information they
    need, when they need it

   Easy to use calculators on our website at
    www.parentsguidetomoney.co.uk

   Midwives and children’s centres are issuing the guide

   A million copies issued so far!
For young adults…..

                      • Young People and Money:
                         – Free training programme
                           for staff working with
                           young people who are
                           either not in education,
                           employment or training
                           (NEET) or at risk of being
                           'NEET'
                         – Details at www.ypam.org
                      • What about money:
                         – website aimed at young
                           adults
                         – www.whataboutmoney.info
Making the Most of Your Money


                   • Financial education seminars –
                     one hour long
                   • Delivered in the workplace
                   • Topics covered:
                      – Budgeting
                      – Saving and investing
                      – Borrowing
                      – Dealing with problem debt
                      – Protecting what you have
                      – Planning for retirement
For professionals working with clients with mental
health problems


                                    ‘Final Demand –
                                 Debt and Mental Health’

                           • One in four people has a mental
                             health problem – and one in four of
                             those is also in debt.
                           • Information on how professionals
                             can give practical help to people
                             with debt and mental health
                             problems – you don’t need to be an
                             expert.
                           • Produced by the Royal College of
                             Psychiatrists and Rethink, and
                             funded by the FSA.
                           • See www.mhdebt.info for the
                             booklet and how to order copies.
And more…….

 • Schools
    – Find out about our work with schools at
      www.fsa.gov.uk/financial_capability/our-work/schools.shtml

 • Further and higher education
    – Information on our Money For Life programme at
      www.fsa.gov.uk/financial_capability/our-work/further_education/
    – and Money Doctors at www.fsa.gov.uk/financial_capability/our-
      work/higher_education/index.shtml

 • Partnership development
    – We work with the voluntary sector to reach vulnerable groups.
    – Priorities this year are social housing, learning disabilities, mental
      health, offending and autism.
    – Find out more at www.fsa.gov.uk/financial_capability/our-
      work/partnership_development/index.shtml
Contact details and further information


  Jan Ferrari
  020 7066 0688
  07717 812747
  jan.ferrari@fsa.gov.uk

  www.fsa.gov.uk/financial_capability
  • details of all of our projects
  • research into the link between financial
    capability and wellbeing