FPA maps out most frequent financial woes
Young Australians are increasingly looking for quick fix advice to make their savings last, while over 50s have their eyes squarely on retirement, Financial Planning Association (FPA) research has revealed.
Wrapping up the FPA's Financial Planning Week, the organisation drew out some of the most common concerns from Australians who attended the annual event, with retirement, superannuation and investment topping the list.
"The aim of FP Week has always been to show the value of advice and demonstrate to Australians that qualified, professional advice can help secure their financial future and also help with short-term goals," FPA CEO Mark Rantall said.
"The financial planning profession has been in the spotlight recently, and education announcements made during FP Week by large financial institutions are another win for consumers because they will ultimately result in better protection and quality of advice. When people go and see a planner, they have a right to trust the person they see."
Rantall said the growth in interest for the "Ask the Expert" forum, which was viewed by more than 20,000 people, demonstrated the keenness of consumers to understand more about financial advice profession.
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