A global economic crisis is upon us. The Great Recession, no less. In the windy words of the Prime Minister, there�19;s no way to stop this economic cyclone from coming across our shores&�1D;
Australians are feeling the squeeze as well as the breeze. Investment portfolios have taken a hit, the share market is shaky, unemployment seriously on the rise and super funds looking grim.
For small businesses this is a disaster, while even major corporations are wobbling. Retirees are back in the workforce, need outweighing aspiration, and many Mum and Dad mortgagees are struggling to hold on to their homes.
Jackson Wells' client the Financial Planning Association is encouraging consumers to seek professional financial advice tailored to these tough times.
To assist the Association communicate the message that robust personal finances are not a matter of luck but of effective planning, Jackson Wells was appointed as the FPA's media management team. The role involves in-house as well as external media advice.
The collapse of Storm Financial, sinking superannuation returns, the fees versus commissions debate, and the parliamentary Inquiry into Corporations and Financial Services are a few of the issues we've worked on.
Jackson Wells has also worked with the FPA to inform investors of what's going on, make a stand against unethical practices and protect the reputation of the profession.
By the way, the FPA has a new website for students [www.iplan2.com.au], which is designed give university students insights into the lives of financial planners and pathways into the profession.