AIC welcomes Financial Capability Action Plan

The Association of Investment Companies has welcomed the Financial Capability Action Plan announced by the Treasury and Financial Services Authority.

AIC Director Daniel Godfrey said the plan would help fight problems of financial illiteracy.

“We warmly welcome these new initiatives which will provide much needed assistance to those suffering financial worries and help people make better informed financial decisions,”

Godfrey also highlighted the Governments new three year initiative, My Money, which links the Child Trust Fund to education in the classroom.

“This is something that the AIC has called for since the Child Trust Fund was first launched and we believe this education has the potential to be of greater value to the students than the monetary value alone,”