If you can’t beat them, join them
The Catholic Superannuation and Retirement Fund (CSRF) has targeted specific groups on social networking website Facebook in an effort to understand and engage Generation Y.
By surveying young people who have expressed interest in this year’s World Youth Day celebrations, CSRF said it was able to gain a better understanding of how to communicate with its younger members.
The research, which was conducted by evolution media, also revealed a number of trends about Generation Y concerning money and financial security.
Less than 40 per cent of respondents indicated they were saving money for later in life and 27.5 per cent said they were already thinking about their retirement.
Almost half of those surveyed said they spent most of their spare money on leisure activities, including shopping, while 27.5 per cent said they saved it.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
