We should not underestimate the scale of the problem. Today, large proportions of the UK population lack the basic skills and knowledge to effectively manage their money. Left unaddressed this has long-term negative consequences for consumers.
KickStart Money is a serious statement of intent by this industry to do something about it. It would be great if this paves the way towards a national savings culture and helps future generations enjoy long term financial resilience. There is an inspirational video available on the website: www.kickstartmoney.co.uk
David Dalton-Brown is director general at Tisa