Chartered Financial Planner Unividual has launched Financial Wellbeing Workshops to tackle the problem of low levels of financial literacy.

The CISI Future Foundation charity has given grants worth a total of £465,000 to seven UK financial literacy charities.

Wealth manager St James’s Place is expanding its work with charity Young Enterprise to support the accreditation of schools looking to become Centres of Excellence for financial education.

The UK has an impressive 99% literacy rate, according to international studies. While this is worthy of praises I suspect the 'financial literacy' rate for the UK is just a fraction of this and the country is poorer as a result.