Women more readily accessing advice
More women than men employed in the Queensland public service have taken advantage of financial advice provided by their superannuation fund, according to information provided by the Queensland Government.
In a submission filed as part of the Senate Economics Committee inquiry into the Economic security for women in retirement, the Queensland Government cited data provided by the superannuation fund covering Queensland public servants — Qsuper.
It suggested that not only were more women taking advantage of the availability of financial advice, but more were also taking advantage of financial education opportunities provided by their fund.
It said more than 10,700 women attended a QSuper seminar in the two years to September 2015, including the seminar specifically aimed at empowering women to take control of their finances - compared with 8,900 men.
It said the fund also provided quality, commission-free financial advice which could equip women to make the right decisions for their financial future.
"A much greater number of women took up this option (4,500), compared with men (2,900)," the submission said.
Recommended for you
With an advice M&A deal taking around six months to enact, two experts have shared their tips on how buyers and sellers can avoid “deal fatigue” and prevent potential deals from collapsing.
Several financial advisers have been shortlisted in the ninth annual Women in Finance Awards 2025, to be held on 14 November.
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
