Three in four Australians have not seen a financial adviser in the last five years despite an increasing number of them believing they will fall well short of being able to fund their retirement, according to MLC.
The MLC Wealth Sentiment Survey showed that between the fourth quarter of 2016 and the first of 2017, there was an increase in Australians who believed they would have far from enough in retirement, up from 24 per cent to 32 per cent of respondents.
Yet many did not seek financial advice as they felt they were not wealthy enough to afford it, which may be holding them back from achieving their goals.
MLC general manager of customer experience, superannuation, Lara Bourguignon, said: Many respondents said they would v…
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