Financial literacy and education

​​​Introduction

Under its empowering legislation, EIOPA has been assigned a mandate in the area of financial literacy and education. According to Article 9(1)(b) of EIOPA Regulation, the Authority "​shall take a leading role in promoting transparency, simplicity and fairness in the market for consumer financial products or services across the internal market, including by [...] reviewing and coordinating financial literacy and education initiatives by the competent authorities"​​.

With this mandate in mind, EIOPA published a Report on Financial Literacy and Education Initiatives by Competent Authorities on 16 December 2011

The Report provides information about:

  1. National strategies/legal competences of EIOPA Members regarding financial education and literacy;
  2. Domestic and international co-operation in the field of financial literacy/education;,
  3. Target groups, tools and programs of the financial literacy/education initiatives; and
  4. Evaluation and measurement of success of the initiatives.

The report is intended to be reviewed periodically; future work on this topic is foreseen to be conducted in cooperation with the other European Supervisory Authorities (ESAs) since the issue of financial literacy and education cuts across all the financial sectors. Besides, all three ESAs are required by their empowering legislation to review and coordinate national initiatives.

As a follow-up to the publication of the Report, EIOPA is committed to publishing on its website, links to national authorities competent in the area of financial literacy and education:

Links to national financial education websites managed by competent authorities

Please note that EIOPA is not responsible for the correctness of the page information that may be accessed through the links listed on this page.

Austria

FMA'​s contribution to Consumer, Investor & Creditor Protection: www.fma.gv.at/en/consumers.html

Belgium

Financial Supervision Commision: www.fsc.bg/For-the-Consumers-en-58

Bulgaria

Financial Supervision Commision: www.fsc.bg/For-the-Consumers-en-58

Cyprus

Czech Republic

Czech National Bank: Communications Department: www.cnbprovsechny.cnb.cz/cs/index.html

Ministry of Finance of the Czech Republic: www.mfcr.cz/cps/rde/xchg/mfcr/xsl/fm_financial_education.html

Denmark

Danish Money and Pension Panel: www.ppp.dk

Estonia

Finantsinpektsioon'​s Consumer Education website: www.minuraha.ee

Finland

FIN-FSA:

Finanssiasiakas: www.finanssiasiakas.fi (FI);

Finanskund: www.finanskund.fi (SV);

Financialcustomer: www.financialcustomer.fi (EN).


 

France

ACP's "Assurance Banque Epargne Info Service"​: www.abe-infoservice.fr

La Finance Pour Tous: www.lafinancepourtous.com

Finances et Pedagogie: www.finances-pedagogie.fr

Germany

Bundesanstalt f​ür Finanzdienstleistungaufsicht (BaFin): www.bafin.de/EN/Consumers/consumers_node.html

Verbraucherzentrale Bundesverband eV (Federation of German Consumer Organisations): en.vzbv.de

Greece

Hungary

MNB​​ website on consumer protection:

www.mnb.hu/fogyasztovedelemk (HU)

www.mnb.hu/en/financial-consumer-protection-center (EN)

 

Ireland

National Consumer Agency (NCA): www.itsyourmoney.ie

NCA'​s website providing access to information and expertise on financial capability and financial education: www.financialcapability.ie

Iceland

Neytendastofa: www.neytendastofa.is (Consumer Agency: www.neytendastofa.is/English)

Talsmað​ur neytenda: www.talsmadur.is and www.leidakerfi.is (Consumers Spokesman, websites not available in English)

Stofnun um fjármálalæsi​: www.fe.is (Institute for Financial Literacy: www.fe.is/English)

Italy

IVASS: www.ivass.it​

IVASS Educazione assicurativa:www.educazioneassicurativa.it/home-english/​​

Latvia

Finanšu un kapitāla tirgus komisija ​ ():  www.fktk.lv (Financial and capital market commission: www.fktk.lv/en/)

Klientu skola: www.klientuskola.lv

Patērētāju tiesību aizsardzības centrs: www.ptac.gov.lv/page/104 (Consumer Rights Protection Centre: www.ptac.gov.lv/page/251)

Liechtenstein

Financial Market Authority Liechtenstein: Information regarding Consumer protection: www.fma-li.li/kundenschutz/kundenschutz.html

University of Liechtenstein: Education website: www.uni.li/Weiterbildung/Weiterbildungsprogramme/tabid/79/language/en-US/Default.aspx

Lithuania

Lithuanian Consumer Institute: www.vartotojai.lt/en

Luxembourg

Institut de formation bancaire Luxembourg (seminars on insurance): www.ifbl.lu

University of Luxembourg - Luxembourg School of Finance: www.lsf.lu

Chamber of Commerce - Luxembourg School for Commerce: www.lsc.lu

Chambre des Salariés​ Luxembourg - Lifelong Learning Center: www.lllc.lu

Malta

The consumer portal of the MFSA: www.mymoneybox.mfsa.com.mt/pages/default.aspx

Netherlands

The Money-Wise Platform (Wijzer in geldzaken): www.wijzeringeldzaken.nl/english.aspx

National Institute for Family Finance Information (Nibud): www.nibud.nl/over-het-nibud/organisatie/about-nibud.html

Norway

Finansportalen: www.finansportalen.no

NO FSA'​s Forbrukerinformasjon: www.finanstilsynet.no/no/Venstremeny/Forbrukerinformasjon/

Poland

National Bank of Poland: www.nbportal.pl/pl/np

Polish Financial Supervision Authority: www.knf.gov.pl/dla_rynku/edukacja_cedur/index.html

Ministry of Finance: www.mf.gov.pl/ministerstwo-finansow/dzialalnosc/dzialalnosc-edukacyjna

Polish Insurance Ombudsman: rzu.gov.pl/inicjatywy/dzialalnosc-edukacyjna

Office of Competition and Consumer Protection: www.uokik.gov.pl/edukacja.php

Ministry of Treasury: akcjonariatobywatelski.pl

Portugal

Todos contam: www.todoscontam.pt

Portal do Consumidor: www.isp.pt

Romania

Autoritatea de Supraveghere Financiara (Financial Supervision Authority): www.asfromania.ro

Institutul de Studii Financiare (Institute of Financial Studies): http://www.isfin.ro

Sweden

National assembly for increased financial self-confidence: www.gilladinekonomi.se/in-english/

Swedish Consumers' Insurance Bureau and The Swedish Consumers' Banking and Finance Bureau: www.konsumenternas.se

Slovenia

Insurance Supervision Agency: www.a-zn.si/Eng/Default.aspx

Slovakia

Institute of Banking Education of the National Bank of Slovakia (NBS): www.ibv-nbs.sk/en/

Ministry of Finance: www.fininfo.sk/sk/titulka

Spain

Finanzas para Todos: www.finanzasparatodos.es

United Kingdom

Money Advice Service: www.moneyadviceservice.org.uk

Personal Finance Education Group: www.pfeg.org

The Pensions Advisory Service: www.pensionsadvisoryservice.org.uk

Other

OECD Global database on financial education: www.financial-education.org/gdofe.html