Netwealth enhances education for kids
Netwealth has announced it will continue to support Banqer, a financial education platform for Australian kids, by renewing the sponsorship.
The platform aimed to improve financial literacy in primary schools across Australia and New Zealand by offering children hands-on experience around saving, budgeting, credit, loans, superannuation, insurance, property and taxes, the firm said.
Netwealth, which said it believed that by delivering the financial education to young Australians it would help improve the financial capability in Australia over the next years, sponsored 8,279 Australian students across 160 number of schools to access independent financial education.
“We all play a part in preparing young Australians for their financial futures and I’m pleased to report we’re well on our way to meeting our goal to sponsor 15,000 Australian students nationally,” Netwealth’s joint managing director, Matt Heine, said.
Banqer, which was launched in New Zealand in 2015 and then expanded into Australia, offered a financial education platform for primary schools and would be now free available to 15,000 Australian primary students.
Recommended for you
As the first quarter of 2024 comes to a close, Money Management looks back on the corporate regulator’s bans and AFSL cancellations in the financial advice sector.
Insignia Financial is holding ‘relatively steady’ onto its rank as Australia’s second-largest financial advice licensee after the Godfrey Pembroke exit but Count is hot on its heels.
Liberal senator Slade Brockman has said the government needs to have a “cold hard look” at the level of regulation in the financial advice space and the costs of running a business.
FAAA chief executive, Sarah Abood, has warned changes in the first tranche of the QAR legislation around advice fees documentation could create more work for advisers rather than less.