Two new members have joined the FSA's Financial Capability Steering Group; Malcolm Wicks, minister for state and pensions at the Department of Work and Pensions, and Barry Cox, deputy chairman of Cannel 4.
The Steering Group was set up under the leadership of the FSA to advise on the development and implementation of a national strategy for financial capability.
FSA chief executive and chairman of the Steering Group, John Tiner, said: “The Steering Group is already demonstrating that industry, consumers and government are determined to work together in tackling the low level of financial capability in the UK.
“I am delighted that Barry Cox and Malcolm Wicks are joining us. Their involvement signals that the importance of the group's work is also recognised beyond the financial sector and I know that they will make a significant contribution, in both commitment and expertise.
“We will publish a document setting out early priorities for action, based on the Steering Group's recommendations, in late May.”
