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Aust investors remain loyal to super

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By Victoria Papandrea
  •  
2 minute read

Only one in five Australian investors have changed their super strategy in the last three months, according to a Newspoll survey.

Despite the recent market volatility, a majority of Australians remain committed to their existing saving strategies, a recent Newspoll survey has found.

The findings, released by the Investment and Financial Services Association (IFSA), found only one in five working Australians have reconsidered their superannuation strategy in the last three months.

More than half of the 683 working Australians surveyed said they were 'concerned' about the current state of the financial markets, 23 per cent said they were 'unfazed', 20 per cent remained 'optimistic', while only 5 per cent said they were 'scared'.

Furthermore, 58 per cent of respondents approaching retirement (50-64 year olds) were more likely to be 'concerned' with the current market climate, while nearly a third of younger Australians (18-34 year olds) were more likely to be 'unfazed'.

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The survey found more than a third of working Australians believe the current market presents buying opportunities, with 39 per cent of respondents agreeing that now is a good time to invest in the share market.

One in five working Australians aged 18-64 have used the services of a financial planner for their super in the last two years, with those approaching retirement were more likely to seek professional advice.