Planning now an integral offering
Financial planning needs to become an integral part of the superannuation industry.
That is one of the key bottom line findings of the latest IUS/Super Review Super Outlook survey conducted throughout November and December last year.
Asked whether they believed financial planning needed to be an integral part of the superannuation industry, 80.5 per cent of survey respondents said “yes”, a significant increase in the number of positive responses over previous surveys.
Chief economist with Classical Economic Analysis Dr Steven Kates said the poll finding was significant, but that the responses from those connected with industry funds had been far less positive towards financial planning.
“The breakdown of the survey respondents reveals a higher proportion of financial advisers than in previous surveys, and that may have been a factor in this result,” he said.
“However, more than half of all respondents are directly associated with superannuation funds, so this result is significant in terms of indicating a change of attitude,” Kates said.
AUTHOR
Mike Taylor
Recommended for you
In this week’s episode of Relative Return Insider, hosts Maja Garaca Djurdjevic and Keith Ford discuss a busy week of announcements from ASIC, with submissions to its public and private markets paper made (mostly) public.
In this week’s episode of Relative Return Insider, AMP chief economist Shane Oliver joins the show to unpack Australia’s underwhelming March quarter GDP figures and what they signal for the Reserve Bank’s next move.
The latest episode of Relative Return sees host Laura Dew chat with Brian Jones, founder of outsourcing company VA Platinum, on why choosing to outsource certain functions of your business can enable you to be efficient and productive.
In this episode of Relative Return Insider, hosts Maja Garaca Djurdjevic and Keith Ford are joined by Money Management editor Laura Dew to discuss learnings from JP Morgan’s recent conference in London, and what top fund managers and analysts see driving market behaviour.
