The current costs of financial planning are locking many people from lower socio-economic groups out of receiving advice, new research has shown. Research from the University of South Australia has
The study – funded by the FPA, Centrepoint, Magellan and FPEC – concludes that the high cost of financial advice is preventing lower socio-economic groups from improving their financial security. To combat this, the study suggests, three things must happen.
About 80% of consumers who have never accessed financial advice don t believe there is any value in it, according to a new study from University of South Australia which calls for the introduction of a government-funded rebate for advice.
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