Offers From Non Financial Entities

From Open Risk Manual
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Definition

Offers From Non Financial Entities. In the context of the Financial Competence Framework, Offers From Non Financial Entities is a topic in the Financial Landscape subject matter domain.[1]

Competences

Mastering the role of Offers From Non Financial Entities in financial literacy context requires the following competences:

Code Competency Description Competency Type
494 Aware that some financial products such as savings, credit, pensions or insurance (depending on national circumstances) may be offered through non-financial organisations such as employers, shops, religious groups, leisure clubs and non-financial companies Knowledge
495 Aware of the potential risks of using financial products offered by non-financial organisations and ways of reducing these if necessary Knowledge
496 Takes note of relevant financial products and services offered through non-financial organisations and makes an informed decision about their suitability Skill

References

  1. European Union/OECD (2022), Financial competence framework for adults in the European Union