Super-specialist advisers should offer financial wellness programs: WSSA
Advisers specialising in the superannuation space are the most ideally placed for offering online financial wellness programs and should do so by partnering with fintechs to expand their services and initiatives, according to Workplace Super Specialists Australia (WSSA).
WSSA president, Terry Rhodes said specialist advisers should look to boost financial education through an expanded range of specialist wellness services to meet increased demand.
“These types of programmes are gaining traction with employers and we see this as a huge opportunity for workplace super specialists,” he said.
“Workplace super specialists are in the best place to provide financial education literacy to employers and their employees, and could be looking at fintech providers, who are developing financial literacy programs at a great rate of knots, to help them deliver.”
The 2016 release of the WSSA Financial Wellness Index found almost two in five Australians needed to improve their financial wellness. Figures from CoreData for the index found 39 per cent were ‘financially unwell’ or had ‘room for improvement.’
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.