New members and mandate for National Steering Committee on Financial Literacy

OTTAWA, Feb. 14, 2017 /CNW/ - Lucie Tedesco, Commissioner of the Financial Consumer Agency of Canada (FCAC), today announced that 15 leaders representing all sectors were named to the National Steering Committee on Financial Literacy, chaired by Jane Rooney, Canada's Financial Literacy Leader. The first meeting is being held, today, February 14^th, 2017 in Ottawa. The steering committee supports the Financial Literacy Leader in implementing the National Strategy for Financial Literacy—Count Me In, Canada!

These new members will build on the work of the first committee, whose two-year mandate expired last year. They will be leading initiatives and concrete actions that will result in incremental change in the financial literacy of Canadians. The committee will advise the Leader on emerging trends, issues and gaps in programs and policies, explore solutions to address the needs of Canadians, and share best practices. They will also be required to report on the progress of their sector in moving the strategy forward.

Quick facts

• The National Steering Committee on Financial Literacy includes representation from the public, private and non-profit sectors. It supports Canada's Financial Literacy Leader in fostering  collaboration and engagement with stakeholders, with initiatives to strengthen the financial literacy of Canadians.
• The committee's efforts will empower Canadians to achieve the following goals:
  • manage money and debt wisely
  • plan and save for the future
  • prevent and protect against fraud and financial abuse
• Essential to the development of the national strategy published in June 2015, the first steering committee concluded its two-year mandate in July 2016. New committee members were selected from 120 applicants, each chosen on merit and representing an organization from a broad range of sectors and regions across Canada.

Members of Canada's National Steering Committee on Financial Literacy

• Camille Beaudoin, Autorité des marchés financiers
• Harold Calla, First Nations Financial Management Board
• Jeff Cates, Intuit Canada
• Terry Campbell, Canadian Bankers Association
• Martha Durdin, Canadian Credit Union Association
• Terry Goodtrack, AFOA Canada (formerly Aboriginal Financial Officers Association of Canada)
• Greg Pollock, Advocis
• Darren Hill, Junior Achievement of Saskatchewan
• Michel Leduc, Canada Pension Plan Investment Board
• Elizabeth Mulholland, Prosper Canada
• Andrew Nicholson, Financial and Consumer Services Commission of New Brunswick
• Kelly Stone, Canadian Association of Family Resources Programs
• Frank Swedlove, Canadian Life and Health Insurance Association
• Joy Thomas, Chartered Professional Accountants of Canada
• Patricia White, Credit Counselling Canada

Quotes

"FCAC has long led the way in building Canadians' awareness of their financial rights and responsibilities. Financial literacy is a shared responsibility across all sectors, from grassroots organizations to our largest financial institutions. Through this committee, we will keep a finger on the pulse of issues that matter to consumers and broaden our impact across the country."

Lucie Tedesco,
Commissioner, Financial Consumer Agency of Canada

"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. 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."

Jane Rooney,
Financial Literacy Leader, Financial Consumer Agency of Canada

Associated Links

• National Strategy for Financial Literacy–Count me in, Canada
• Financial literacy committees and networks
• Canada's Financial Literacy Leader

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SOURCE Financial Consumer Agency of Canada

Media Relations, Financial Consumer Agency of Canada, 613-941-4168, [email protected]