It is therefore better to focus on general principles rather than on detailed information about specific products. The provision of information, however important, cannot always fully protect unsophisticated consumers. Even when, as regulators rightly require, the information disclosed to the public is not deceitful or manipulative, an information overflow might generate confusion and ultimately hamper customers’ decision making.
Indeed, financial education programmes  4  BIS Review 79/2010  developed as a mere delivery of information may fail to reach the expected goal. The limited available evidence seems to suggest that education strategies are most effective if those trained are actively involved and experience effective gains and losses from simulated decisions.