Research confirms advice is pivotal to super
The provision of financial advice has become increasingly pivotal to superannuation funds and those funds need to do more to drive its take-up, according to new research conducted by actuarial consultancy, Rice Warner for State Street Global Advisors.
According to the research, published by Rice Warner this week, investor financial literacy and education rank as two primary levers available to superannuation funds that seek to deepen engagement levels with members and improve a member's retirement decision making and outcomes.
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