Increased need for financial advice

financial-advice/financial-advisers/financial-planning-association/financial-planning/fpa-chief-executive/FPA/chief-executive-officer/

10 September 2013
| By Milana Pokrajac |
image
image
expand image

The Financial Planning Association's (FPA's) Ask an Expert initiative received more than 90 requests this year, which points to a stronger-than-ever need for financial advice, the association says. 

The initiative was part of the 13th annual Financial Planning Week, which aimed to educate the Australian public about the value of financial advice. 

Superannuation and retirement planning emerged as key topics and areas of concern, attracting the highest number of questions and engagement online. 

FPA chief executive officer Mark Rantall said another encouraging trend which emerged this year was increased involvement by the younger demographic. 

"The interest from people of all ages and walks of life goes to show that quality financial advice is universally beneficial, whether you are entering retirement or looking to open your first bank account," Rantall said. 

"FPA research shows that just 61 per cent of Australians receive quality financial advice, despite the massive impact it can have in consumers' lives," he added. 

"Access to quality financial advice is truly a national issue." 

The Ask an Expert initiative and the Find a Planner tool on FPA's website received more than 10,000 visits during Financial Planning Week, Rantall added.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 1 week ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks 1 day ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

2 weeks ago

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures....

3 weeks 1 day ago

TOP PERFORMING FUNDS