Industry News

The members represent financial industry groups, advocacy groups and regulators

By James Langton |

The second edition of the committee charged with implementing a national strategy for enhancing financial literacy held its first meeting in Ottawa on Tuesday.

The National Steering Committee on Financial Literacy's new lineup includes 15 representatives from the financial industry, regulators, and advocacy groups. (The inaugural committee served a two-year term, which expired in July 2016.)

From the industry, the new committee includes Terry Campbell of the Canadian Bankers Association), Frank Swedlove from the Canadian Life and Health Insurance Association (CLHIA), and Greg Pollock from Advocis. The Autorité des marchés financiers (AMF) and the Financial and Consumer Services Commission of New Brunswick (FCNB) are representing regulators. The committee also includes members from the Canada Pension Plan Investment Board, the Canadian Credit Union Association, and Credit Counselling Canada, among others.

"I look forward to working closely with this new committee, made up of passionate and accomplished individuals from all walks of life. Together we will push forward the financial literacy agenda across Canada," says Jane Rooney, chairwoman of the steering committee and Financial Literacy Leader with the Financial Consumer Agency of Canada (FCAC), in a statement.

"With the national strategy to guide our work, we will help people budget, save and ensure they have the information and tools they need to build a better financial future," she adds.

The committee will advise Rooney on "emerging trends, issues and gaps in programs and policies, explore solutions to address the needs of Canadians, and share best practices," the FCAC says in a statement.

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