The Strategy for Retirement and Financial Capability sets the following Vision:
“improving the personal financial capability of Maltese citizens during life-events and retirement to enable them to reach better informed financial decisions that fit their individual circumstances.”
To be financially capable people require knowledge and skills to manage their personal and household finances. All other things being equal, people who have greater knowledge and understanding about finances and possess financial management skills are more likely to make good financial decisions. The table below defines the knowledge domains that the Strategy identifies as necessary for a Maltese citizen to be financially capable.
Knowledge and Skills Domain for a Maltese Citizen to be Financially Capable