Policy makers in many countries are giving more attention to ‘financial literacy’ or ‘financial capability’, and there are many financial education programmes. The need to evaluate the effectiveness of these programmes is likely to increase. But ...

Research in a number of countries has shown that many people lack the ability to manage their money well. At the same time, the consequences, both to individuals and to society at large, of a failure by people to take adequate steps to safeguard ...

The world’s allegedly shortest mail correspondence took place in 1862. The French author Victor Hugo had gone on vacation as his big novel Les miserable was published. But Hugo could not refrain himself from writing to the publisher to ask how it ...

Life annuities – financial products that help individuals convert a lump-sum of wealth into a guaranteed life-long income stream – have an important role to play in providing a secure source of retirement income. Because annuities provide valuable ...

The growing cost and frequency of natural catastrophes and their implications for economic growth and development have led to a concern over the level of public awareness and education relative to large-scale catastrophes and disaster risk reduction ...

Financial consumers are facing paradoxical situations. On the one hand, they are overly solicited to use credits on various forms. On the other hand, segments of the population do not have access to credit. In this paper, we examine some emerging ...