According to a recent survey, many Kiwis agree financial advice is worthwhile. Why do you think so few seek it?
- Consumers don’t understand the value of advice (35%)
- Cost worries (32%)
- Consumers believe they can do just as well on their own (20%)
- Consumers don’t know who to call (10%)
- Something else (send us an email with your thoughts) (3%)
Loading ...While 88% of New Zealanders agree advisers are the most trustworthy source for financial advice, just 22% have consulted one. These are among the findings of a report published by Fidelity Life.
The firm’s CEO Campbell Mitchell, says The Advice for good: Rethinking New Zealand’s Relationship with Financial Advice report was commissioned to explore attitudes towards financial advice.
He says Fidelity Life now intends to work with advisers, consumer groups, industry and government on ways to help all New Zealanders lift their financial and emotional wellbeing.
Our question this week seeks to discover why the take up of trusted advice is so low. Cast your vote in our poll and we’ll share the results next week.