Empowerment Through Financial Advice

There is a pressing need to enhance consumer access to financial advice, addressing the increasing number of Australians requiring guidance amidst a shortage of affordable advisors. Core reforms must focus on improving outcomes for consumers by fostering a deeper understanding of the value of financial advice. Research indicates that individuals who engage with advisors report a significant boost in confidence and preparedness for retirement; about 70% feel more confident when guided through their financial planning. Additionally, financial advisors help clients navigate concerns such as the cost of living, instilling a sense of security that translates to better retirement outcomes and the ability to draw down more funds in retirement.