Women more readily accessing advice

financial-planning/women's-wealth/advice/superannuation/

5 January 2016
| By Mike |
image
image
expand image

More women than men employed in the Queensland public service have taken advantage of financial advice provided by their superannuation fund, according to information provided by the Queensland Government.

In a submission filed as part of the Senate Economics Committee inquiry into the Economic security for women in retirement, the Queensland Government cited data provided by the superannuation fund covering Queensland public servants — Qsuper.

It suggested that not only were more women taking advantage of the availability of financial advice, but more were also taking advantage of financial education opportunities provided by their fund.

It said more than 10,700 women attended a QSuper seminar in the two years to September 2015, including the seminar specifically aimed at empowering women to take control of their finances - compared with 8,900 men.

It said the fund also provided quality, commission-free financial advice which could equip women to make the right decisions for their financial future.

"A much greater number of women took up this option (4,500), compared with men (2,900)," the submission said.

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?...

1 month 3 weeks 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 ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 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...

2 weeks 6 days ago

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

1 week 5 days ago

TOP PERFORMING FUNDS