Login
ISCOVER
The FBAA has highlighted the importance for all Australians to achieve a higher level of financial literacy.
FBAA chief executive officer Peter White attended the National Financial Literacy Stakeholder Forum recently and said one of the topics that resonated most was the “need to embrace and better educate women when it came to financial affairs”.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
Mr White said that with 70 per cent of women actively managing the household budget, it is important they are equipped with the proper knowledge to make informed and suitable decisions about their financial future.
“Of course, women live longer than men and should be equipped to make informed and suitable decisions about their financial future particularly when circumstances change,” Mr White said.
The forum also heard about the growing need for brokers to adapt to the evolving financial literacy available online.
“The days of brokers just getting a customer a loan are now gone,” Mr White said.
“There is a whole lot of add-on and follow-up service required, which will translate into a healthier and risk-mitigating experience for brokers and borrowers.
“Just like in life, ongoing education is the key and now everyone has access to online resources and digital apps like the FBAA’s own Smart App, to make the learning process intuitive and engaging.”
