CARL SARGEANT AM SUPPORTS OFT CHRISTMAS CAMPAIGN
Carl Sargeant, AM for Alyn and Deeside, is backing a new Office of Fair Trading Campaign being launched in Wales tomorrow, 21st November.
The campaign is being launched following the collapse of the Farepak hamper company last year when 12,000 people in Wales lost their Christmas savings.
The OFT was asked by HM Treasury earlier this year to carry out an awareness programme to help consumers understand their options when saving for Christmas. The scheme in Wales involves the OFT working with community groups and consumer organisations. It involves running sessions for groups of people helping them to understand their options for Christmas saving and choose what's best for them.
The OFT has produced a toolkit including a leaflet, a short film, presentations, research findings and background information that form the basis of the twenty minute training sessions.
Mr Sargeant said: “Last year, thousands of people were affected by the collapse of Farepak, including a number of constituents. Community groups including many tenants groups provided invaluable advice and support to those affected. The OFT is committed to working alongside such groups locally to increase knowledge and skills about savings, not only for this Christmas but for many years to come. This is very much a long-term campaign.
“This campaign is not about telling people what they can and can't do with their money. What is important is that people who want to save for Christmas can do so, knowing what their options are and what risks are involved. Consumer education is a key element of the campaign which, in the long term, aims to equip consumers with the skills to analyse the options available to them, make comparisons between different choices, make balanced judgements, assess levels of risk, and research relevant information to make the best choice for them.”
Community groups from Wales are being invited to assist with the campaign by running sessions about the options when saving for Christmas and other short-term savings schemes.
Carl Sargeant, AM for Alyn and Deeside, is backing a new Office of Fair Trading Campaign being launched in Wales tomorrow, 21st November.
The campaign is being launched following the collapse of the Farepak hamper company last year when 12,000 people in Wales lost their Christmas savings.
The OFT was asked by HM Treasury earlier this year to carry out an awareness programme to help consumers understand their options when saving for Christmas. The scheme in Wales involves the OFT working with community groups and consumer organisations. It involves running sessions for groups of people helping them to understand their options for Christmas saving and choose what's best for them.
The OFT has produced a toolkit including a leaflet, a short film, presentations, research findings and background information that form the basis of the twenty minute training sessions.
Mr Sargeant said: “Last year, thousands of people were affected by the collapse of Farepak, including a number of constituents. Community groups including many tenants groups provided invaluable advice and support to those affected. The OFT is committed to working alongside such groups locally to increase knowledge and skills about savings, not only for this Christmas but for many years to come. This is very much a long-term campaign.
“This campaign is not about telling people what they can and can't do with their money. What is important is that people who want to save for Christmas can do so, knowing what their options are and what risks are involved. Consumer education is a key element of the campaign which, in the long term, aims to equip consumers with the skills to analyse the options available to them, make comparisons between different choices, make balanced judgements, assess levels of risk, and research relevant information to make the best choice for them.”
Community groups from Wales are being invited to assist with the campaign by running sessions about the options when saving for Christmas and other short-term savings schemes.
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