Poor financial literacy failing young workersBY KARREN VERGARA | TUESDAY, 25 MAY 2021 12:40PMAs more young workers turn to mum and dad, and social media for financial advice, a new survey finds that the educational system is failing to provide practical financial literacy skills for students as they navigate the workforce. Related News |
Editor's Choice
ASIC pushes to bolster competitiveness
The regulator has hosted a roundtable with financial services leaders to encourage competitiveness, as it fears Australia is falling behind its global peers.
Euroz Hartleys sells capital markets arm to Canada's BMO
Euroz Hartleys has sold its capital markets business to Canada's BMO Financial Group (BMO) for $145 million in an all-cash deal.
ETF adoption hits 'meaningful threshold' among SWFs
Nearly 40% of sovereign wealth funds have an allocation to ETFs, a new report from Invesco shows, underscoring their expanded roles among institutional investors as their rate of adoption hits a "meaningful threshold".
Super system to hit $12.4tn by 2045
Australia's superannuation system is forecast to triple in size over the next two decades reaching $12.4 trillion by 2045, as sustainable retirement outcomes become the sector's defining challenge.
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
Karen, that's why we have Financial Advisers.
Teaching so-called financial literacy in schools and even by social media will never remove the need for an empathetic, experienced financial adviser in later life. No more than trying to teach every young person to be well versed in medicine, law, economics or accounting.