Belfast Telegraph

Tuesday 22 July 2014

Manage your money better, with expert guidance from the FSA

The Financial Services Authority has announced funding for three new posts in Northern Ireland to help improve Ulster people's ability to manage their money.

The posts, hailed as a first in the UK by the FSA, have been developed through a strategic partnership with the Consumer Council for Northern Ireland and the Council for Curriculum, Examinations and Assessment (CCEA).

The Consumer Council has appointed Julie Megrath as Northern Ireland financial capability co-ordinator.

She will co-ordinate the FSA's national strategy for financial capability at a local level through her partnership work in the Consumer Council.

She will work with Government, the financial services industry and the voluntary and community sectors to raise awareness of the importance of using money wisely and helping people get the skills and confidence they need.

Two seconded teaching posts have also been created within CCEA.

Jill Black (primary) and Paul Gray (post-primary) will together be responsible for helping to build the capacity to teach financial capability in schools across Northern Ireland.

The FSA's Steve Stillwell said: "Our financial capability research found that the level of knowledge in Northern Ireland lags behind elsewhere in the UK.

"Addressing that is a priority for FSA and we are delighted to announce these new initiatives with the Consumer Council and the CCEA."

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