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Financial education and consumer protection

Core competencies frameworks on financial literacy

 

The core competencies frameworks on financial literacy highlight a range of financial literacy outcomes that may be considered important for adults, youth, or owners and managers of micro, small and medium-sized enterprises (MSMEs) and of potential entrepreneurs. The OECD also develop core competence frameworks with a regional focus.


     
   

EC/OECD/INFE Financial Competence Framework for Children and Youth in the European Union

The framework provides a set of outcome-based competences in financial literacy that children and youth in the EU need in order to make sound decisions on personal finance. The joint framework covers competences into the four main content areas of financial literacy: money and transactions, planning and managing finances, risks and reward, and the financial landscape. Within these areas, the joint framework describes the types of knowledge that children and youth at different ages could benefit from, the behaviours that may help them to achieve financial well-being throughout their lives, as well as the attitudes that will support this process. Moreover, the framework integrates competences on the following cross-cutting dimensions: digital finance, sustainable finance, citizenship, entrepreneurship as well as competences relevant when becoming an adult.

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Date of publication: 27 September 2023

 

EC/OECD/INFE Financial Competence Framework for Adults in the European Union

The framework promotes a shared understanding of the financial competences adults need to make sound decisions on personal finance. It supports public policies, financial literacy programmes and educational materials to be developed by EU Member States, educational institutions, industry and individuals. It also supports the exchange of good practices by policy makers and stakeholders within the EU.

Financially literate citizens can more safely and confidently participate in financial markets. Their active engagement is necessary for EU capital markets to grow and channel more funding to EU companies - more so in the aftermath of the COVID-19 crisis. This financial competence framework is a follow-up to one of the measures announced in the EU's 2020 Capital Markets Union Action Plan. It marks a key milestone in the Commission’s work on financial literacy and an important follow up in OECD/INFE work on financial literacy.

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Date of publication: 11 January 2022

   

IOSCO-OECD Core Competencies Framework on financial education for investors

The objective of the Framework is to better prepare investors to navigate an increasingly complex investing environment. It seeks to equip investors with core competencies that enable them to make informed decisions about how to diversify investments, reduce risk or choose suitable investments, among other things. The Framework also describes the knowledge, attitudes and behaviors that retail investors should attain for each core competency to enhance their financial literacy.

Download the report (pdf)
Date of publication: 30 September 2019

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OECD/INFE Core Competencies Framework on financial literacy for MSMEs 

This document contains a high-level, outcome-based, internationally relevant, core competencies framework on financial literacy for micro, small and medium-sized enterprises (MSMEs) and potential entrepreneurs. It highlights a range of financial literacy outcomes that may be important to sustain or improve the financial literacy of owners and managers of MSMEs and of potential entrepreneurs in their experience of starting, running or growing a business. It can be adapted to national circumstances and context. 

Download the report in English (pdf)

Télécharger le rapport en français (pdf)

Date of publication: 18 September 2018

 

G20/OECD INFE Core Competencies Framework on financial literacy for Adults (aged 18+)

‌This document describes the types of knowledge that adults aged 18 or over could benefit from, what they should be capable of doing and the behaviours that may help them to achieve financial well-being, as well as the attitudes and confidence that will support this process. It can be used to inform the development of a national strategy on financial education, improve programme design, identify gaps in provision, and create assessment, measurement and evaluation tools.

 Download the report(pdf)
Date of publication: 29 August 2016

 

 

OECD/INFE Core Competencies Framework on financial literacy for Youth (aged 15 to 18)

This document contains the objectives and key components of this international framework, and presents the flexible, outcome-based, core competencies framework itself. The framework is designed to be applicable to youth aged 15 to 18, taking into account outcomes that will be relevant to them now and in the near future. It describes the basic level of financial literacy that is likely to be needed by all young people between the ages of 15 and 18 to fully and safely participate in economic and financial life.

Download the report (pdf)
Date of publication: 16 November 2015 

 

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