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EBS has joined with the National Adult Literacy Agency (NALA) to
develop and implement a three-year Financial Literacy Programme.
Through this programme we plan to work together to help tackle the
issue of financial literacy as a barrier to accessing financial services.
With over 50% of Irish adults having less than the desirable level of skills
required to function effectively in today’s society, ensuring access to and
understanding of information presents a huge challenge for all of us in the
financial services industry.
This Plain English Guide to Financial Terms is an important resource that will
help to create a much greater understanding of the dense and obscure jargon
which is used on a daily basis in relation to all aspects of the money business.
This resource will also give guidance to management and staff who work in the
financial services sector, money advisers, the Government, regulators and utility
companies in explaining phrases used by them. Although it comprises over 30
pages with over 450 definitions it is not a complete dictionary of financial
services and money-related phrases in use in Ireland. We intend that this should
be an evolving publication and we welcome your feedback and contribution to
its further development.
The explanations are designed to help explain ideas and concepts rather than
to give legal definitions. Used effectively we hope that this guide will help to
promote financial inclusion and empower people to make informed and
relevant financial decisions. |
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