The British army is rolling out a financial literacy programme nationwide, following a pilot with the Royal Marines. Backed by the FT's charity FLIC and funded by the Association of British Insurers, the scheme teaches recruits about pensions, investments, and savings. It aims to equip soldiers with skills for later life, addressing a critical gap in personal finance education.

The initiative responds to a broader UK issue where adults often lack investment knowledge. Many Britons hold 50% of their wealth in property, with low exposure to equities. The army's unique structure, with cheap accommodation and high savings rates, creates a specific need for diversified investment strategies beyond traditional property and cash holdings.

Experts believe the training could improve recruitment and retention. Soldiers like Sergeant Kirstin Milne call it the 'most useful' training they've had. The programme introduces concepts like diversification and compounding, aiming to build confidence. Its success may offer a model for other institutions, including the NHS, to address widespread financial illiteracy.