Financial Competence Framework for Adults in the European Union
The European Union and the OECD have published in January 2022 a guideline to financial literacy. Financial literacy refers to a combination of financial awareness, knowledge, skills, attitudes and behaviours necessary to make sound financial decisions and ultimately achieve individual financial well-being . The objective of the EU/OECD-INFE financial competence framework for adults is to promote a shared understanding of financial competences for adults amongst Member States and national authorities, educational institutions, industry and individuals.
eficert members see themselves as important stakeholders to provide knowledge, skills and competences for in the domain of insurance education. Thus, eficert helps to promote financial literacy within the European Union.