Zokaityte, Asta (2018) The UK’s Money Advice Service: Edu-regulating Consumer Decision-making. Economic Notes, 47 (2-3). pp. 387-412. ISSN 0391-5026. E-ISSN 1468-0300. (doi:10.1111/ecno.12109) (KAR id:62575)
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Official URL: http://dx.doi.org/10.1111/ecno.12109 |
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.
Item Type: | Article |
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DOI/Identification number: | 10.1111/ecno.12109 |
Subjects: | K Law |
Divisions: | Divisions > Division for the Study of Law, Society and Social Justice > Kent Law School |
Depositing User: | Sian Robertson |
Date Deposited: | 07 Aug 2017 15:06 UTC |
Last Modified: | 04 Mar 2024 19:34 UTC |
Resource URI: | https://kar.kent.ac.uk/id/eprint/62575 (The current URI for this page, for reference purposes) |
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