More financial education needed, says expert by Finance News Bulletin

Published: 31/01/07

In order for people to become completely aware of the savings options available to them, more education is a need, according to a senior analyst at benefit management firm Hargreaves LansdownThere was not enough information on a series of key financial products Meera Patel explained and she cited the instance of half the general community not knowing about Isas as evidence of her opinionThe comments of Ms Patel came in the wake of the new put aside the Change campaign introduced by Lloyds TSB designed to give confidence people to begin saving on a more regular basisUnder the scheme, every purchase on a Lloyds TSB debit certificate will be rounded up to the nearest pound with the excess money being placed into a savings account

Speaking on the need for financial teaching in schools, Ms Patel stated: "There are Isas which populace can employ but I don't think half the general public understands how they work"A lot more needs to be done in terms of that in schools Finance is such a big part of everyday life and yet they put on't teach it That's the strange thing

How can people learn about the avenues of how to save"Lloyds TSB Save the alter will offer customers the possibility to double their savings during January and February by matching the amount saved up to a

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