Education map on financial institutions from EIOPA

3 February 2021 —
EIOPA (European Insurance and Occupational Pensions Authority) developed an interactive way to share information on financial education through a map with websites and portals from each country.

The aim of EIOPA is to promote transparency, simplicity and fairness in the market for consumer financial products and services across the internal market, including by reviewing and coordinating competent authorities' financial literacy and education initiatives.

A report issued by EIPOA in 2011 - Report on Financial Literacy and Education Initiatives by Competent Authorities - looked into: national strategies and legal competences of EIOPA's Members regarding financial literacy/education, national and international cooperation in financial literacy/education, target groups, tools and programmes of the financial literacy/education initiatives, measuring the success of initiatives.

In order to make informed choices, consumers need to understand which are the key concepts about insurance and pensions, so EIOPA focused on developing the map, rather than publishing a follow-up report.

The interactive map is designed to show the "websites and portals in your country aimed precisely to help consumers find their way in the insurance and pensions sectors".

Source: www.eiopa.europa.eu

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