IFB comments on Canadian National Strategy for Financial Literacy, Phase 2
Independent Financial Brokers of Canada (IFB) is pleased to offer our comments on Phase 2: Priority Groups.
We support the Financial Consumer Agency of Canada’s goal to establish a national financial literacy database which will link, and build upon, existing materials and resources, and connect potential users with this information. Consumers will be able to source resources within their own community, and local program providers can use it to craft programs specific to the needs of their target groups.
IFB also supports expanding the development of financial tools and materials that are explained in plain language. This is an important step toward helping consumers understand the everyday financial services and products they use most often, such as service fees and interest calculators related to bank accounts, debit cards, credit cards, and the like.