Southwark workers lead the way in financial literacy programme

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The Financial Services Authority (FSA) has struck an agreement with the London Borough of Southwark to give up to 350 youth professionals and social workers financial literacy training. It is the first time the regulator has reached an agreement with an individual local authority since its Young Adults Advisory Group began funding training courses last year. Staff working in both the youth service and social services departments will be given the chance to attend a series of free training days between now and Christmas. They will then be expected to run sessions with young people on the margins of society about how to handle their money and avoid getting into debt. The advisory group is also in discussions with voluntary sector providers in Southwark about sending staff to the courses. A range of organisations, including accommodation provider Centrepoint and environmental charity Groundwork UK, have agreed to attend so far but the FSA is hoping to attract more in the coming weeks.