FPA rolls out financial literacy scheme
TheFinancial Planning Association(FPA) has announced a deal to integrate their educational CD-Rom Dollarsmart program into the high school curriculum as well as plans to create a nation-wide public education campaign to be funded by FPA members.
Improving financial literacy is the theme of Financial Planning Week 2004, which starts on May 24 and was launched yesterday by Minister for Revenue and Assistant Treasurer, Senator Helen Coonan at the FPA chapter lunch in Sydney yesterday.
Senator Coonan said the government supported the initiative to build on this framework.
“There are many of us that get out of school and have no idea about financial literacy - and it dogs us for the rest of our lives,” Senator Coonan said.
At the launch, FPA chief executive Kerrie Kelly announced details of a new alliance with academic publishing group McGraw-Hill to incorporate the Dollarsmart program into year nine commerce textbooks.
Kelly also reiterated the launch of an industry-funded taskforce, which she announced in February, to build public awareness of good financial practice.
The taskforce comprises 15 FPA members, and Kelly says that it is an ongoing initiative of the FPA to increase levels of financial literacy across the board.
“FPA members recognise that they have an important role in raising public awareness and education on financial issues. We expect the working party to put a proposal to the FPA board later this month,” Kelly said.
AUTHOR
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
