Sunsuper has released its report confirming the value of financial advice with research showing that 80 per cent of Australians believe financial advice had given them more peace of mind and 77 per cent believe advice had helped them feel better prepared for retirement.
The research, conducted by CoreData on Sunsuper’s behalf, follows three everyday Australian households at various stages of retirement and highlights the financial and lifestyle benefits of financial advice.
Also highlighted in the report, 75 per cent of people believed the advice they received was more than worth the cost, and 72 per cent feel they have a better understanding of what to expect in retirement.
Sunsuper’s Head of Advice and Retirement Anne Fuchs says that while findings from the Banking Royal Commission shone a light on the damage and impact poor financial advice results in, Sunsuper’s Value of Advice report highlights that great financial advice can truly change people’s lives for the better.
“Financial advice provided by trustworthy experts with their clients’ best interests at heart contributes significantly to the financial wellbeing and retirement preparedness of a vast number of Australians,” Ms Fuchs said.
“We know that some clients often struggle to appreciate the benefits of financial advice and in turn, can lead them to question the upfront investment in great financial advice.
“Our research validates the value of the service we provide to clients in helping them achieve their best possible retirement.”
To download a full copy of the report, go to sunsuper.com.au/valueofadvice