It is widely recognised that consumers need financial skills to help them to make informed choices and reduce the potential for costly mistakes.
In 2005 the Financial Services Authority commissioned a survey of the financial behaviour and attitudes of adults. The findings from the survey were published in the 2006 report 'Levels of financial capability in the UK: results of a baseline survey'.
The Baseline Survey showed significant differences in levels of capability across the countries within the UK. It also purposely over-sampled within Northern Ireland, Wales and Scotland in order to facilitate detailed nation-by-nation analysis. With this in mind that the Consumer Council for Northern Ireland commissioned this research to gain a better understanding of levels of financial capability within Northern Ireland. This report describes the results of new analysis of the Northern Ireland data from the Baseline Survey of Financial Capability.
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