FPA reveals Australia’s ‘top financial concerns’

According to a statement from the FPA, Australia’s top concerns centred on retirement, home loans, superannuation and “the best way to invest their hard-earned savings”.

Various age demographics indicated different responses, with Gen Y consumers interested in “quick fix tips to help them get ahead” and over-50s mostly concerned with attaining sufficient retirement income.

“The aim of FP Week has always been to show the value of advice and demonstrate to Australians that qualified, professional advice can help secure their financial future and also help with short-term goals,” said FPA chief executive Mark Rantall.

“The financial planning profession has been in the spotlight recently, and education announcements made during FP Week by large financial institutions are another win for consumers because they will ultimately result in better protection and quality of advice. When people go and see a planner, they have a right to trust the person they see.”

The 'Ask an Expert' page received more than 20,000 views during FP Week.