Banks commit to funding personal finance education
Friday July 03 2009
THE domestic banks have committed to providing funding for schemes to ensure personal finance is taught in schools and to community groups, senior citizens and the less well off.
AIB and Bank of Ireland have already signed up to funding personal finance education as part of their €7bn recapitalisation, while the other domestic banks that are part of the State guarantee scheme have also promised to promote financial education.
Yesterday the Financial Regulator published an action plan called 'Improving Financial Capability in Ireland', which sets out how personal finance might be taught.
A diverse range of groups including the Financial Regulator, the League of Credit Unions, the VECs, the Irish Banking Federation and the National Adult Literacy Agency have come together to produce the framework.
These groups formed the National Steering Group on Financial Education.
- Charlie Weston
