Monday, October 26, 2009

Aussies follow Brits pushing financial advice aside

According to Guardian executive manager Steve Browning, there is still an alarming amount of people who are not seeking financial advice and taking control of their finances one year into the global financial crisis.

'The British Institute of Financial Planning released a survey this month that showed 80% of the country's population were not satisfied with their financial position but only 5% would seek professional help. Of the rest, most were banking on winning lott.' said Browning.

Here in Australia, it's not much better, wth the recent Suncorp WealthSmart survey finding about 51% of respondents thought seeing a financial adviser was important, but only 12% had actually sought advice.