FCAC creates indigenous financial literacy working group

A new working group has been created to help with the financial literacy needs of Indigenous Peoples.

Indigenous Peoples (including First Nations, Inuit and the Métis Nation) “face unique barriers to achieving financial well-being,” said FCAC in a release. The finding comes from research conducted by AFOA Canada (formerly the Aboriginal Financial Officers Association of Canada) regarding Indigenous Peoples living on reserve, and the results of the Canadian Financial Capability Survey, which included people who self-identify as Indigenous Peoples living off-reserve.

“These barriers need to be addressed in the design, delivery and measurement of financial literacy interventions,” added the release.

The working group will share information, collaborate on developing new programs and initiatives, and identify research priorities. It will also carry out community-driven financial literacy initiatives that are created for and with Indigenous Peoples. The group will report to the National Steering Committee on Financial Literacy, which is helping FCAC implement the national strategy for financial literacy.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.