MLC offers free advice to women

NAB's MLC Advice subsidiary will offer 500 women free general advice sessions in a push to increase women’s preparedness for retirement.

Research conducted by MLC found 43 per cent of Australian women do not feel in control of their finances, with 61 per cent of these women flagging low savings as their main concern.

MLC Advice general manager Jasia Fabig said the research highlights that more needs to be done to help women to feel financially comfortable.

“Women and their money matter, and we want them to be able to weather financial storms,” Ms Fabig said.

“What we often see is that women put the interests of others before their own, and at key moments in life – divorce, death, illness or job loss – they are severely impacted. Only 34 per cent of the women MLC surveyed are putting extra money into their super, and we’d like to see this number grow.”

Subsequently, MLC Advice “will offer complimentary general advice sessions to 500 women across Australia” until the end of January 2018.

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