Financial Information
From Open Risk Manual
Definition
Financial Information. In the context of the Financial Competence Framework, Financial Information is a topic in the Financial Landscape subject matter domain.[1]
Competences
Mastering the role of Financial Information in financial literacy context requires the following competences:
| Code | Competency Description | Competency Type |
|---|---|---|
| 444 | Understands that there are various sources of information about financial products and services | Knowledge |
| 445 | Aware that all sources of information should be verified before being used | Knowledge |
| 446 | Understands that information provided by financial service providers and companies on their products and services may be marketing information or biased information | Knowledge |
| 447 | Knows that it is possible to improve one’ financial literacy and financial well-being | Knowledge |
| 448 | Knows where to find reliable information on financial matters | Knowledge |
| 449 | Takes steps to be an informed consumer and verifies financial information before using it | Skill |
| 450 | Develops personal strategies and uses tools to minimise traits that impede financial well-being | Skill |
| 451 | Makes use of tools designed to provide information when making financial decisions | Skill |
| 452 | Finds, learns and remembers important facts and information about financial matters | Skill |
| 453 | Confident in one’s own ability to recognise trustworthy sources of information | Attitude |
| 454 | Confident to research financial matters and critically assess the information provided | Attitude |
References
- ↑ European Union/OECD (2022), Financial competence framework for adults in the European Union
