UniSuper launches financial literacy initiatives
Industry superannuation fund, UniSuper is launching new initiatives aimed specifically at the interests of women and children as part of a commitment to bolstering financial literacy standards, and to assist with the education of its members in the super space.
Under a partnership with T. Rowe Price in the United States, UniSuper would launch a ‘Money Confident Kids' program for the children of UniSuper members, as well as an initiative, ‘MoneySavvy,' which would aim to help women increase their breadth of money management skills.
UniSuper chief executive, Kevin O'Sullivan, said the Money Confident Kids program had been adapted from the US to suit an Australian audience, and would be offered under the auspices of the fund to promote the benefits of financial literacy skills from childhood.
"We have a responsibility to educate our members and help them prepare for the increasingly complex financial environment," he said.
"We see the importance of financial literacy at all ages... and we continue to see increased member demand for education tools and resources."
O'Sullivan said initiatives like Money Confident Kids and MoneySavvy were introduced based on popular demand from members for available educational resources. MoneySavvy would provide multiple resources for women to assist with small scale skills in budgeting as well as tools for retirement planning and financial challenges.
"[They are] our next set of financial literacy initiatives," O'Sullivan said.
"It's so important we play our part in reducing the gender superannuation gap and instilling good money behaviours."
AUTHOR
Hope William-Smith
Recommended for you
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.
The ETF provider has flagged a number of developments as it formally enters the superannuation space through a major acquisition.
While all MySuper products successfully passed the latest performance test, trustee-directed products encountered difficulties.
Iress has appointed Insignia Financial’s former general manager of master trust and insurance products as its newest CEO of superannuation, who will take over from Paul Giles.
