Financial and Investor Education Programs

By Type of Program



Type of Program


National Strategies for Financial Literacy Australia
United Kingdom
United States
Programs by Governments Australia
United Kingdom
United States
Programs by Government Regulators Australia
Channel Islands, Jersey
United States
Programs for Children and Young Adults Canada
South Korea
United Kingdom
United States
Programs for Individual Investors Argentina
South Korea
United Kingdom
United States
Special Focus Programs Canada
United Kingdom
United States

National Strategies for Financial Literacy

Australia—National Strategy for Financial Literacy

The Australian government established the Financial Literacy Foundation in mid-2005, with the objective of implementing a national strategy intended to provide a framework within which financial literacy initiatives in Australia could function more effectively. The specific objectives of the Foundation are:

  1. The adoption and integration of consumer and financial literacy into the school curriculum, starting at primary school and including the professional development of teachers in teaching consumer and financial education;
  2. The adoption and integration of consumer and financial literacy into the workplace through vocational education programs and employer information channels;
  3. Commissioning and conducting an ongoing national research program on the factors leading to key consumer and financial decision-making;
  4. Providing a clearinghouse Web site to assist consumers and consumer intermediaries with better access to existing information;
  5. Facilitating collaboration between organizations that might benefit from each other's expertise with the objective of reducing duplication and inconsistency across existing initiatives and programs. The Foundation will also work with public, private and community organizations to ensure that there is a collaborative approach to advancing and coordinating financial literacy initiatives; and,
  6. Facilitating an ongoing social marketing campaign to embed a key consumer financial literacy message within the Australian culture (the financial equivalent of 'don't drink and drive') and providing best practice guidance to organizations regarding effective education approaches to key consumer issues based on research and policy expertise.

The Financial Literacy Foundation has already established a Financial Literacy Educators and Trainers Network that will assist educators, human resource professionals, and resource developers to provide quality financial literacy education and training. In addition, the Foundation is working collaboratively with states and territories to develop a National Curriculum Framework for consumer and financial literacy for young people which would provide nationally agreed upon, multi-disciplinary benchmarks and guidance for teaching financial literacy. The Web site for the Financial Literacy Foundation is found at:

United Kingdom—National Strategy for Financial Capability

The Financial Services Authority (FSA), the government regulator for the capital market in the UK, launched a National Strategy for Financial Capability in 2003 intended to increase financial capability in the UK by working with private sector stakeholders. The FSA and its partners define financial capability to include both knowledge about financial topics (often referred to as financial literacy) and the ability to put that knowledge into practice. The FSA and its private sector partners are focusing their efforts on seven specific priority areas: (1) schools; (2) young adults; (3) workplace; (4) families; (5) retirement; (6) borrowing; and (7) financial advice. As the FSA states in its Web site, the intent of this national campaign is to treat financial capability messages, "…like a commercial product that we want people to adopt and act upon. That means reaching out to individuals with innovative and imaginative marketing techniques and 'selling' them the idea that personal finance matters and that it need not be difficult." The FSA's Web site for the financial capability campaign can be found at:

Working closely with its private sector partners, the FSA has sponsored a large body of research in the area of financial literacy since the financial capability campaign was launched, including an exploratory qualitative study measuring financial capability in the UK. The individual research that has been funded by the FSA as part of its campaign to promote higher levels of financial capability in the UK can be found at: In addition, the FSA has established an "innovation fund" that will provide support to new and innovative projects run by the voluntary sector and fund research looking at what works in delivering financial capability. Awards were given from the Fund in 2006 for projects run by twelve not for profit organisations to help raise levels of financial capability among targeted groups such as families on low incomes and people with learning disabilities.

In early 2006, the FSA announced that the next stage of its strategy would be to deliver a specific set of projects to promote financial capability in the seven priority areas that it had identified earlier, all of which were fully costed with firm plans for implementation in 2006 and 2007. Among other projects, the campaign will promote financial capability education for children and adults with information and advice reaching further into UK schools, higher education institutions and other organisations that help young people and adults. In the workplace, the FSA will expand efforts to deliver material and seminars to employees of all ages across the UK. The aim is to ensure that 4 million employees will have had access to some form of financial guidance through their workplace by 2010, with half a million having attended a seminar. Further information and details on the specific initiatives for 2006 and 2007 can be found at:

United States—National Strategy for Financial Literacy

The U.S. Financial Literacy and Education Commission, which was established under Title V of the Fair and Accurate Credit Transactions Act of 2003 in order to, "…improve the financial literacy and education of persons in the United States through (the) development of a national strategy to promote financial literacy and education", announced a national strategy for promoting financial literacy in the United States in early 2006. Prior to publishing its report, the Commission had focused on: (1) encouraging government and private sector efforts to promote financial literacy; (2) coordinating the financial education efforts of the federal government, including the identification and promotion of best practices for financial education; (3) establishing of a website to serve as a clearinghouse and provide a coordinated point of entry for information about federal financial literacy and education programs, grants, and other information; and (4) setting up a toll-free hotline available to members of the public seeking information about issues pertaining to financial literacy and education. The Commission's website can be found at:

The new national strategy to promote financial literacy in the U.S. has four main components: (1) building public awareness of available resources; (2) developing tailored, targeted materials and dissemination strategies; (3) tapping into public-private and private-private partnerships; and (4) promoting research and evaluation of financial education programs. The strategy is explained in a report issued by the Commission, Taking Ownership of the Future, which provides a detailed overview of many of the programs now in existence in the U.S. to promote financial and investor education. While not a comprehensive evaluation of the effectiveness of the different programs, the examples given in the Commission's report will serve as an invaluable resource for providers of financial and investor education in the U.S. and elsewhere. The report includes chapters on work being done to promote higher savings, home ownership, retirement savings, better use of credit, consumer protection, taxpayer rights, investor protection, services for the unbanked, provide targeted financial education services for multilingual/multicultural populations, promote financial education in schools as well as academic research and program evaluation. The report also discusses coordination efforts to promote financial and investor education in the U.S. and international efforts to promote financial and investor education. The Commission's complete report can be found at:

Programs by Governments

Australia—Programs by Governments

Centrelink is a government agency delivering a range of Commonwealth services to the Australian community. They offer free and independent financial information including confidential interviews with Financial Information Service Officers where the client may discuss financial issues and options as well as financial seminars and workshops. Centrelink also offers information on financial markets and products on its Web site, which can be found at:

United Kingdom—Programs by Governments

Various branches of the national government in the UK are involved with providing financial education, including the Department for Work and Pensions, the Department for Trade and Industry, the Treasury and the education departments. Among other initiatives, the Department for Work and Pensions has developed the Informed Choice Program that aims to bring about a cultural change in regard to saving for retirement by improving access to information about retirement saving, and building the financial knowledge of people in the UK. To accomplish its objectives the Informed Choice Program is working with employers to improve people's access to pensions as well as increasing private pension participation rates, where work-based pensions are available. In addition, in early 2006 the government launched an online debt calculator for overstretched consumers and a money-management course for teenagers that will be offered in schools across the country later in the year. The Government also announced that beginning in 2008 the school curriculum would contain a high-quality and comprehensive personal financial education component. In England, this change is to be achieved by linking personal finance education to planned changes in the functional mathematics units being prepared for classrooms in 2008. The government is also considering how a personal finance education program could be incorporated into the revised GCSE mathematics syllabus from 2010.

United States—Programs by Governments

U.S. Treasury's Office of Financial Education
The U.S. Treasury's Office of Financial Education, established in 2002, coordinates the work of the Financial Literacy and Education Commission. In addition to its work with the Commission, the Office of Financial Education's has developed an extensive list of the investor education programs and materials offered by Federal agencies and related entities, such as the Federal Reserve, which is available on its Web site. It has also identified eight elements of a successful investor education program, which are intended to serve as guidance for providers of financial education as they develop programs and strategies and are available on the Office's Web site. Additionally, the Office of Financial Education has set up a helpline and a technical assistance center for providers of financial education. The Web site for the Treasury Department's Office of Financial Education can be found at:

Programs by Government Regulators

Australia—Programs by Government Regulators

Australian Securities and Investment Commission (ASIC)
Initiated in 2001, ASIC's consumer education strategy is focused on helping consumers actively look after their money and their financial futures. ASIC's consumer education campaign intensified in mid-2003 after the release of a national survey by ANZ Bank, which found that Australians lacked knowledge in areas such as investment, superannuation and retirement planning, despite having good basic financial skills. ASIC has a dedicated consumer Web site which provides information about financial products and services and information on how to avoid scams and swindles. ASIC, which provides an outline of their consumer education strategy on their Web site, also communicates directly with consumers through investor forums across the country. ASIC's dedicated consumer Web site can be found at:

Brazil— Programs by Government Regulators

Comissião de Valores Mobiliários (CVM)
The CVM has set up an Investor Education and Assistance Program that holds town meetings for the general public around the country in places like São Paulo, Brasília, and Fortaleza. The program also produces brochures, booklets, investment guides, and has a toll-free number, among other resources available for the individual investor. The CVMs Web site can be found at:

Canada—Programs by Government Regulators

Canadian Securities Administrators (CSA)
Securities regulators from each province and territory have teamed up to form the Canadian Securities Administrators, or CSA for short. The CSA is primarily responsible for developing a harmonized approach to securities regulation across the country. One of CSA's objectives is to protect investors from fraudulent, manipulative or misleading practices.

CSA's members achieve this by:

  • mandating full disclosure of information material to investment decisions
  • educating investors about the risks and responsibilities of investing
  • authorizing persons who provide investment services to the public and
  • supervising market intermediaries.

The CSA's Investor Education Committee has conducted national surveys and developed a number of educational resources aimed at helping investors. You can access these documents (English and French) at


The Alberta Securities Commission
The Alberta Securities Commission (ASC) is the regulatory agency responsible for administering the province's securities laws. It is entrusted to foster a fair and efficient capital market in Alberta and to protect investors. The ASC website,, has tools and tips to help investors learn to Check First and ask the right investing questions before making an investment decision. The For Investors section offers helpful brochures and reading materials, an investor blog, a section on common investment scams, as well as guidelines for conducting a background check on an investment opportunity.

The Manitoba Securities Commission
The Manitoba Securities Commission strives to develop and offer public education, to provide information about potentially illegal activity, to help members of the public understand investing and market issues and to be able to make informed investment decisions. The Commission's web site at has a variety of resources that help to achieve these goals. "Fact or Fraud" is a comprehensive section that provides investors with information that will assist in protecting them against falling victim to investment fraud. In addition the MSC has recently launched "Make it Count: A Parent's Guide to Youth Money Management," an interactive program that provides activities and tips for parents using everyday situations like errands as the basis for common sense discussions about youth money management. Visit Make it Count at

The British Columbia Securities Commission
The BC Securities Commission conducts investor education under the InvestRight umbrella. InvestRight features tools, information, and a blog to help investors avoid and report investment fraud and assess investment opportunities. Partners as diverse as the God's Fraud Squad and the Canadian Conference of Mennonite Brethren, the credit union-based CUSOURCE Knowledge Network, and enforcement agencies such as the RCMP and Vancouver Police Department, enable the BCSC to plant investor caution and education messages deep in the community. In a joint initiative with the Financial Consumer Agency of Canada (FCAC), the BCSC recently launched a unique, web-based youth education program called The City / La Zone. This bilingual financial literacy program is modelled on the BCSC's award-winning resource for grade 10 students in BC.

Autorité des marchés financiers (Québec)
The Autorité des marchés financiers (AMF) supervises Québec's financial sector and provides assistance to consumers of financial products and services. It protects consumers by enforcing the statutes and regulations governing the following areas of activity: insurance, securities, deposit institutions (other than federally chartered banks) and distribution of financial products and services. The AMF responds to information requests, receives consumer complaints concerning financial sector participants, and can either recommend services for examining complaints and resolving disputes or pay compensation directly to the consumer, if applicable. It also disseminates consumer education programs on financial products and services in co-operation with consumer protection organizations. Read, learn and play while learning on Investments, Retirement, Insurance or Fraud Prevention at Visit our Youth Web site It's Your Money at

Ontario Securities Commission (OSC)
The OSC provides resources and programs to help retail investors understand risk and make informed investment decisions, as part of its investor protection mandate. The OSC website hosts investor information with a focus on informed investing and fraud prevention. The OSC also established the Investor Education Fund, an unbiased, non-profit source of information and tools that help consumers make better decisions when investing and managing their money. The Fund's website has information on investing basics, the adviser relationship, securities, and investment strategy, as well as interactive tools to help investors test their knowledge, and curriculum tools for teachers to help them integrate financial literacy into the classroom.

Nova Scotia Securities Commission
Nova Scotia launched a new investor focused website: The main feature of the site is the Before You Invest blog, intended to be updated 2-3 times a week once fully launched. NSSC has also incorporated much of the information from our brochures and previous site under 5 headings: Investing Basics, Invest Wisely, Choosing an Advisor, Fraud, and Getting Help. More content may be added in the future, based on feedback and demand. NSSC has worked hard to make the site easy to read and easy to navigate and looks forward to your comments. While the site was originally meant to launch in March for Fraud Prevention Month, technical difficulties delayed this significantly, and is now intended for; later in 2009. In the meantime, the site is live, but not advertised.

New Brunswick Securities Commission
Invest in Knowing More (IKM) is the New Brunswick Securities Commission's (NBSC) public awareness campaign that has run since 2006. It creates awareness of the seriousness and reality of investment fraud in New Brunswick and helps to influence reporting behaviour by encouraging investors to report suspected investment fraud to NBSC.

In April 2008, the NBSC commissioned a survey to evaluate the recall of our January to March 2008 IKM campaign. Overall awareness was 61%. This data was used when assessing how best to meet objectives when developing our 2009 Invest in Knowing More message.

Advertisements that ran during January and February 2009 were themed around the tagline "answering the telephone could cost you your life savings…calling us could save it - the New Brunswick Securities Commission." Television commercials, billboards, transit shelters, internet advertisements and print advertisements in major New Brunswick newspapers were part of the campaign. The commercial demonstrated the reality that often fraud is perpetrated over a series of calls after building a level of trust with the fraud victim.

The strong messaging of the 2009 IKM campaign was also used during Fraud Prevention Month to reinforce to the investing public that fraud exists, and that NBSC is the place to call should any suspicious investment related activity take place. Activities included direct mail, public service announcements in print and on television and radio, and outreach to post-secondary education and public libraries. The television advertisements were shown in Moncton area movie theatres and the print advertisement was used as a transit shelter ad and shown in movie theatres in Saint John. Direct mail had significant reach with delivery of bilingual post cards showing the print advertisement to 110,000 households in New Brunswick.

Channel Islands, Jersey—Programs by Government Regulators

Channel Islands, Jersey
Protect Your Money is a new consumer education initiative from the Jersey Financial Services Commission. The aim of this website is to provide consumers with clear, impartial information and guidance in relation to financial products, so that they can have greater control of their financial affairs and the confidence to make informed decisions when choosing such products. The JFSC Protect Your Money website can be found at

France—Programs by Government Regulators

Autorité des marchés financiers (AMF)
Working in partnership with private sector representatives of the securities industry, the Autorité des marchés financiers (AMF)—the regulator of France's securities market—is establishing a national institute for investor education that will (1) provide consumers with information about financial markets and products on a very broad basis; (2) set standards for private sector providers of financial education and evaluate private sector providers of investor education on the basis of those standards; and (3) promote research and international cooperation on financial education for French consumers. The institute may also offer classes when a demand exists that private sector providers of investor education are not able to satisfy. In addition to the national institute, the AMF publishes a wide variety of pamphlets and other educational materials for consumers interested in investing in France's securities market. The AMF's Web site can be found at:

Japan—Programs by Government Regulators

Financial Services Agency (FSA)
The Financial Services Agency (FSA), the government regulator for Japan's capital market, carries out its consumer education program primarily through the network provided by the Central Council for Financial Services Information as well as similar networks provided by local governments. The FSA has recently rebuilt its Web site so that it contains extensive information for retail investors. In addition, the FSA is working to increase the level of economic and financial education in schools by developing teaching materials for these topics. The FSA's Web site can be found at:

United States—Programs by Government Regulators

Federal Reserve System
As one of the three national regulators for the U.S. banking system, the Federal Reserve System and individual Federal Reserve banks offer a variety of information and outreach programs for consumers interested in learning about financial markets in the U.S., investment products and the investment process. The Federal Reserve also sponsors a dedicated Web site with extensive information for consumers about personal financial literacy and for teachers about teaching financial literacy. This Web site is found at:

Securities and Exchange Commission (SEC)
The SEC's Web site contains an interactive program dealing with the steps to take in order to become a smart saver and investor. In addition, the SEC's Office of Investor Education and Assistance publishes free brochures and other educational materials on numerous investing topics. These materials and other information are available on the SEC's Web site at:

Most state securities regulators in the U.S. are involved in investor education in their own jurisdictions. In particular, state securities regulators have many grass roots initiatives to educate investors and support financial literacy efforts in schools through the Financial Literacy 2010 program. The Web site for this program can be found at:

Programs for Children and Young Adults

Canada—Programs for Children and Young Adults

Canadian Securities Administrators

Manitoba Securities Commission : Make It Count Program

Québec, Autorité des marchés financiers : It's Your Money / Tes Affaires

British Columbia Securities Commission : Planning 10 Program

Alberta Securities Commission : Teaching the Facts of Life about Money Program

Ontario Investor Education Fund

South Korea—Programs for Children and Young Adults


Investing for Your Dreams

It is never too early for children to learn about the value of money and finance. As what we learn in our formative years affects the rest of our lives, childhood financial education can reward us in several important ways. Developing a healthy attitude toward money at an early age lays the foundation for effective and responsible financial management later in life. Providing a solid, well-organized financial education program for children is also critical for the future of our nation's economy. There is no doubt that financially literate youth will become a powerful force driving our economy forward in this highly competitive global community.

As the leading agency for financial education in Korea, the Korea Council for Investor Education (KCIE) has taken the initiative to provide a wide range of financial literacy programs, not only for general investors but also for children and teenagers. As part of this effort, the KCIE has published, based on its extensive experience and expertise in investor education, an English version of Investing for Your Dreams, a set of financial education materials consisting of a teacher's guidebook and a student's textbook. Investing for Your Dreams primarily aims to help children increase their understanding of finance and the economy. In particular, it features illustrated explanations of the basic concepts of money management with each section ending with a practical exercise where students can practice what they have learned. It also comes with a CD-ROM containing flash animation to help guide the students through the exercises. In addition, the KCIE has developed an online interactive companion course for Investing for Your Dreams. Please click on the link below for the Investing for Your Dreams Package.

The KCIE remains committed to improving investor education throughout the Asia-Pacific region and beyond. As such, we hope that this multimedia education content will serve as a useful guide to help the young minds of the world enhance their financial capabilities to earn, budget, save and manage their money.

United Kingdom—Programs for Children and Young Adults

Financial Education Partnership (FEP)
FEP offers free workshops in financial capability and a range of other finance related topics to schools and pupils in Scotland. Formerly known as the Banking Education Partnership, the aims of the FEP are to provide financial education to young people across Scotland, to give young people in schools access to real business experience and to encourage pupils to prepare for adult life. The Partnership's Web site can be found at:

Personal Finance Education Group (pfeg)
pfeg is an educational charity whose mission is to make sure that all young people leaving school have the confidence, skills and knowledge in financial matters to take part fully in society. pfeg offers a range of advice and resources suitable for pupils of all ability levels, as well as reflecting different social, economic and cultural backgrounds. pfeg aims to help teachers to develop financial capability in young people, particularly those working with children and young people aged 4 to 19. It brings together educationalists, financial services industry representatives, regulators, government departments, and consumer representatives in order to educate all those at school about personal finance. The Web site contains free download case studies and directory of resources with summary of contents. Pfeg's Web site can be found at:

Scottish Centre for Financial Education (SCFE)
The role of the SCFE is to help teachers, schools and education authorities in Scotland provide a high standard of financial education to meet the needs of all their learners. The Centre will provide help in planning continuing development and advice on useful resources for learning and teaching. SCFE's Web site can be found at:

United States—Programs for Children and Young Adults

Jump$tart Coalition for Personal Financial Literacy
Jump$tart's purpose is to evaluate the financial literacy of young adults; develop, disseminate, and encourage the use of standards for grades K-12; and promote the teaching of personal finance. The Jump$tart Coalition believes that all young adults need to have the financial literacy necessary to make informed financial decisions. The Coalition's Web site can be found at:

National Council on Economic Education (NCEE)
NCEE is a nationwide network that leads in promoting economic literacy with students and their teachers. NCEE's mission is to help students develop the real-life skills they need to succeed: to be able to think and choose responsibly as consumers, savers, investors, citizens, members of the workforce, and effective participants in a global economy. The NCEE's Web site can be found at:

Programs for Individual Investors

Argentina—Programs for Individual Investors

Bolsa de Comercio de Buenos Aires (BCBA)
Through the BCBA Foundation, the stock exchange offers an introductory course to the general public (Curso para inversores bursátiles). The free course, which is offered over a four-week period once a year, covers the capital market, financial instruments, regulation and portfolio management. In conjunction with El Colegio de Graduados en Ciencias Económicas, the Bolsa offers more advanced courses intended for individuals interested in working in the financial sector. The Bolsa's Web site is found at:

Australia—Programs for Individual Investors

Australian Investors Association (AIA)
The Australian Investors' Association was formed in 1991 by a small group of investors who recognized there was a need for an organization that could represent the interests of private investors across the broad spectrum of investment products available in the retail market. The Association offers investor education to individuals in a variety of ways, including meetings, seminar and its Web site. AIA's Web site can be found at:

Australian Shareholders Association (ASA)
The Australian Shareholders' Association was established as a not-for-profit organization in 1960 to protect and advance the interests of investors. In that capacity, ASA liaises extensively with other bodies such as regulators, lawmakers, industry groups and accounting bodies. The ASA represents its members' views on a number of accounting and financial industry bodies. In addition, ASA holds regular members' meetings all across the country and conducts adult education workshops aimed at improving members' financial literacy. ASA's Web site is found at:

Australian Stock Exchange (ASX)
The Australian Stock Exchange (ASX), which with its predecessor state exchanges has been the longest running provider of accessible public education in Australia's sharemarket, offers an extremely comprehensive investor education program. This program includes free on-line classes for investors with varying levels of sophistication, one-day forums for active investors held in various locations, and a two-day Traders and Investors Expo and three-day Investment Expos that are also held in various locations. In addition to these intensive programs, ASX's Web site provides information about beginning and running investment clubs, has games that allow individuals to experience virtual investment in stocks actually listed on the exchange, and provides resources designed to help educators teach the basics of share investment in a fun and innovative manner. In conjunction with the Australian Shareholders' Association (ASA) and the Securities Derivatives Industry Association (SDIA), ASX also offers a monthly lunchtime seminar series with lectures presented by experienced speakers from the broking and finance industries intended to help investors stay up-to-date with issues and trends in the financial market. Finally, ASX provides an extensive amount of educational materials, including pamphlets and audiovisual presentations, all of which can be downloaded from their Web site. ASX's Web site can be found at:

Investors Education Association (IEA)
The Investor Education Association is an independent educational organization dedicated to providing Australians with the skills and knowledge necessary to successfully manage their personal finances and achieve their financial goals and objectives. IEA conducts workshops and seminars on a wide range of personal financial planning topics. The Association's Web site can be found at:

National Information Centre on Retirement Investments (NICRI)
NICRI is a free, independent, confidential service that aims to improve the level and quality of investment information provided to people with modest savings who are investing for retirement or facing redundancy. NICRI offers a range of leaflets that general information about financial markets as well as information about financial planning and investment products. NICRI's Web site can be found at:

Proshare Investment Clubs
Dedicated to helping consumers to become more informed about their investment decisions, Proshare provides extensive information about beginning and running an investment club, offers a message board on their Web site for individuals that thinking about starting or already running investment clubs and also provides information on an individual basis. Their Web site is at: