Freetrade: Launches ‘The Great British Financial Literacy Test’

April 24, 2021

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Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

Freetrade an app that makes investing simple, and free the award-winning app voted Best Share Trading Platform
Investment app Freetrade created the Great British Financial Literacy Test—18 questions about savings, investment
The pass rates for questions about investment were the second-lowest at 44%
Equally as alarming as the low pass rates across the UK were people’s lack of confidence around aspects of personal finance
An overwhelming majority of respondents (91%) told Freetrade they lack confidence in the investment
The second most common answer social media with 16% of Brits saying they get financial education from platforms like Instagram