FSA runs redundancy financial education scheme

The Financial Services Authority (FSA) is running financial education seminars for employees who have been made redundant.

The hour-long seminars, held at the employers’ offices, are designed to help those who have just lost their jobs be better equipped at dealing with their finances.

Topics include making the most of redundancy payments, avoiding debt, information on state benefits, how to claim jobseekers’ allowance, and redundancy rights.

A spokesperson from the FSA said: “Some people go into denial soon after being made redundant. This is a time when personal finances are extremely important. If people can take control at the outset, they are more likely to avoid difficulties further down the line.”

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