The Financial Planning Association of Australia has launched a campaign as part of a global effort to raise consumer awareness of the value of financial planning.
The FPA is urging Australians to “plan well to live well” as it launches the campaign to coincide with World Financial Planning Day, according to a statement.
Launched by the Financial Planning Standards Board, the 2018 campaign aims to promote financial capability and how financial literacy can help people make informed decisions.
FPA chief executive Dante De Gori said that research from the FPA revealed that too many Australians were stressed by money.
“Recent FPA research has revealed that a massive 82 per cent of Australians are stressed about money, with younger generations more likely to struggle with planning their future than older people," he said.
“Our research also tells us that working age Australians most happy with their lot in life are most likely to have a financial plan."
Mr De Gori said Australians should go on the FPA’s Money and Life website, which offered practical tips to help people improve their financial literacy.
“Through World Financial Planning Day, the FPA will help raise awareness of the value of financial planning, of having a financial plan, and of working with a professional financial planner who puts client’s interests first,” he said.
FPSB chief executive Noel Maye said that money can create anxiety and the only way to ease that anxiety was to plan ahead.
“If you don’t plan where you’re going with your money, you may not end up where you want to be. Planning for your future and your family's future builds confidence – and, likely, will result in a better night’s sleep,” Mr Maye said.
Eliot Hastie is a journalist at Momentum Media, writing primarily for its wealth and financial services platforms.
Eliot joined the team in 2018 having previously written on Real Estate Business with Momentum Media as well.
Eliot graduated from the University of Westminster, UK with a Bachelor of Arts (Journalism).
You can email him on: [email protected]
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