The quest for the holy grail of financial literacy
By International Adviser, 9 Nov 17
Seven Investment Management’s Justin Urquhart-Stewart is on a personal crusade to promote financial literacy.
He sees parallels between financial professionals use of jargon and the perception in schools that maths is hard. He argues they fuel an unjustified mystique around aspects of financial planning, which is driving clients away.
Here are his four bugbears:
Serious fun
“The demise of final salary pension schemes and improving life expectancy mean that the generations to come will have to work much harder to save for retirement and their money will have to last longer. This is a challenge we can’t ignore but millions do. We have to ensure they have the skills and understanding to recognise what they need to do.
“For me, the secret to financial literacy is making maths and personal finance relevant and fun. And I’m deadly serious about that.”
