Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

Banks lend support to financial literacy week

The Australian Bankers’ Association has expressed its support for the federal government’s MoneySmart Week 2014, which began yesterday.

Running throughout the week to September 7, the initiative is a national campaign promoting the importance of financial literacy.

“Financial literacy is a vital life skill that empowers individuals to make informed financial decisions,” ABA chief executive Steven Münchenberg said.

Advertisement
Advertisement

“Building financial literacy helps promote, support and achieve financial well-being.

“All Australians need to have the knowledge, skills, capabilities and capacities to understand how to manage their money, build their savings, make sound investment decisions, and manage their debts, now and into the future,” he said.

“We encourage all Australians to get involved in MoneySmart Week 2014 and take immediate action to improve their financial well-being.”

As part of the initiative, a ‘Money Health Check’ on ASIC’s MoneySmart website is an online tool to assist users to get a comprehensive picture of their finances.

“During MoneySmart Week 2014, the ABA will be publishing a series of new consumer fact sheets which pick up on the daily theme set by the 'MoneySmart Challenges',” Mr Münchenberg said.

“These new consumer fact sheets provide targeted information to assist consumers deal with debt, understand superannuation, make a budget, understand insurance, increase their savings, and plan for the future,” he said.

Banks lend support to financial literacy week
mortgagebusiness

Latest News

The non-major has revised its credit policy to facilitate the integration of its comprehensive credit reporting regime. ...

New Zealand’s central bank has introduced new regulatory requirements that would require Australia’s major banks to hold billions in add...

The technology services provider has announced a new service that automatically validates customers’ identification documents against gove...

FROM THE WEB
podcast

Spotlight: Diversifying revenue streams by accessing commercial lending specialists

Do you think the mortgage market will see more consolidation this year?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.