Member

Amendment 94 is very close to my heart. I am grateful to the noble Baroness, Lady Neville-Rolfe, for continuing to raise the important issue of financial education. As noble Lords know, I teach finance at Cambridge University so I have a shared interest with her, at all sorts of levels, on how we do this. However, I am not sure that placing new statutory duties on the FCA to support financial education is the right way to achieve our aims here. The FCA already carries out substantial work to promote financial capability and helping customers navigate their financial lives is one of its priorities in the 2025-30 plan.