Recommendation 56

A sustainable shift in saving habits rests on consumers who are financially literate and numerate and trust the financial services sector—this will not be addressed through siloed policymaking. HM Treasury must work with the FCA and industry to support adults in attaining financial literacy and numeracy; HM Treasury must work with the Department for Education to set out how it can improve the provision of financial literacy and numeracy education for students, with emphasis on early years education.