The UK's Money Advice Service: Edu†Regulating Consumer Decision†Making

Asta Zokaityte

Economic Notes, 2018, vol. 47, issue 2-3, 387-412

Abstract: The UK's Money Advice Service provides financial information, education and advice to consumers to help them navigate the complexities of the financial services market. As an edu†regulatory measure, it seeks to build consumer financial resilience by improving their financial skills and financial behaviour. While its effectiveness in responding to some consumer behavioural problems is plausible, its ambition to strengthen consumer financial resilience is less feasible. This is mainly because consumer financial resilience does not merely depend on the financial information that consumers use to make financial decisions. But the fact that their resilience is heavily and principally contingent on the socio†economic and cultural context within which they live.

Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/ecno.12109

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ecnote:v:47:y:2018:i:2-3:p:387-412

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0391-5026

Access Statistics for this article

More articles in Economic Notes from Banca Monte dei Paschi di Siena SpA
Bibliographic data for series maintained by Wiley Content Delivery ().