Q. What type of fund is your main superannuation fund?
|
Total |
|
Men |
Women |
Aged 18-34 |
Aged 35-54 |
Aged 55+ |
|
| An industry fund |
39% |
37% |
41% |
42% |
44% |
28% |
|
| A retail fund |
19% |
20% |
18% |
15% |
23% |
18% |
|
| A self-managed fund |
9% |
10% |
8% |
6% |
9% |
12% |
|
| Don’t know |
15% |
16% |
15% |
23% |
14% |
6% |
|
| Don’t have any superannuation funds |
18% |
18% |
18% |
14% |
9% |
35% |
39% say their main superannuation fund is an industry fund, 19% a retail fund and 9% a self managed fund.
48% of those aged 25-44 are in an industry fund, and 23% of those aged 35-54 are in a retail fund. 13% of those aged 55+ have a self-managed fund.
47% of those aged 65+ say they have no superannuation fund.
Q. How satisfied are you with the performance of your superannuation fund?
|
Total |
|
Men |
Women |
Aged 18-34 |
Aged 35-54 |
Aged 55+ |
|
Industry fund |
Retail fund |
Self-managed |
|
| Total satisfied |
73% |
|
73% |
74% |
62% |
78% |
86% |
80% |
77% |
92% |
|
| Total dissatisfied |
10% |
|
12% |
8% |
12% |
9% |
11% |
7% |
13% |
5% |
|
| Very satisfied |
14% |
13% |
15% |
10% |
14% |
23% |
14% |
17% |
25% |
||
| Satisfied |
59% |
60% |
59% |
52% |
64% |
63% |
66% |
60% |
67% |
||
| Dissatisfied |
7% |
8% |
6% |
8% |
6% |
9% |
5% |
9% |
4% |
||
| Very dissatisfied |
3% |
4% |
2% |
4% |
3% |
2% |
2% |
4% |
1% |
||
| Don’t know |
16% |
15% |
17% |
26% |
14% |
3% |
12% |
10% |
4% |
73% of respondents say they are satisfied with the performance of their superannuation fund and 10% are dissatisfied.
92% of those with self-managed funds were satisfied compared with 80% for industry funds and 77% for retail funds.
26% of those aged 18-34 could not give an opinion.
superannuation, superannuation fees
Q. Do you know how much you are paying in fees each year to your superannuation fund?
|
Total |
|
Men |
Women |
Aged 18-34 |
Aged 35-54 |
Aged 55+ |
|
Industry fund |
Retail fund |
Self-managed |
|
| Yes, I know exactly |
18% |
|
22% |
15% |
9% |
18% |
35% |
17% |
21% |
46% |
|
| Yes, I know approximately |
41% |
|
42% |
41% |
38% |
41% |
46% |
43% |
51% |
40% |
|
| No, I don’t know |
40% |
36% |
44% |
53% |
41% |
19% |
41% |
28% |
14% |
18% say they know exactly how much they are paying in fees to their superannuation fund, 41% know approximately and 40% don’t know.
Those more likely to not know how much they were paying in fees were aged 18-34 (53%) and those with lower education levels (49% of those with no post-secondary education).
federal politics voting intention
Q. If a Federal Election was held today to which party will you probably give your first preference vote? If not sure, which party are you currently leaning toward?
Q. If don’t know -Well which party are you currently leaning to?
Sample size = 1,818 respondents
| First preference/leaning to |
Election 7 Sep 13 |
|
4 weeks ago 17/6/14 |
2 weeks ago 1/7/14 |
Last week 8/7/14 |
This week 15/7/14 |
| Liberal |
|
36% |
37% |
36% |
35% |
|
| National |
3% |
3% |
3% |
3% |
||
| Total Lib/Nat |
45.6% |
39% |
40% |
39% |
38% |
|
| Labor |
33.4% |
41% |
38% |
40% |
40% |
|
| Greens |
8.6% |
9% |
9% |
9% |
9% |
|
| Palmer United Party |
5.5% |
5% |
6% |
6% |
6% |
|
| Other/Independent |
6.9% |
7% |
7% |
7% |
7% |
| 2 Party Preferred |
Election 7 Sep 13 |
|
4 weeks ago 17/6/14 |
2 weeks ago 1/7/14 |
Last week 8/7/14 |
This week 15/7/14 |
| Liberal National |
53.5% |
46% |
48% |
47% |
47% |
|
| Labor |
46.5% |
54% |
52% |
53% |
53% |
NB. The data in the above tables comprise 2-week averages derived from the first preference/leaning to voting questions. Respondents who select ‘don’t know’ are not included in the results. The two-party preferred estimate is calculated by distributing the votes of the other parties according to their preferences at the 2013 election.
financial advisors, financial planning
Q. Have you ever used a financial planner or received financial advice from a bank?
|
Total |
|
Income less than $600pw |
Income $600-1,000pw |
Income $1,00-1,600pw |
Income $1,600+ pw |
|
Aged 18-34 |
Aged 35-54 |
Aged 55+ |
|
| Yes |
29% |
24% |
29% |
36% |
32% |
|
16% |
32% |
42% |
|
| No |
71% |
76% |
71% |
64% |
68% |
|
84% |
68% |
58% |
29% say they have used a financial planner or received financial advice from a bank.
Those most likely to have received advice or used a planner were aged 55+ (42%) and those earning $1,000-1,600pw (36%).
financial advisors, financial planning
Q. Overall, did you receive good or bad advice?
|
Total |
|
Income less than $600pw |
Income $600-1,000pw |
Income $1,00-1,600pw |
Income $1,600+ pw |
|
Aged 18-34 |
Aged 35-54 |
Aged 55+ |
|
| Total good |
65% |
58% |
61% |
79% |
57% |
|
74% |
64% |
62% |
|
| Total bad |
10% |
21% |
13% |
3% |
9% |
|
6% |
9% |
13% |
|
| Very good |
17% |
11% |
34% |
16% |
11% |
12% |
11% |
26% |
||
| Good |
48% |
47% |
27% |
63% |
46% |
62% |
53% |
36% |
||
| Neither good nor bad |
25% |
21% |
24% |
17% |
33% |
17% |
27% |
24% |
||
| Bad |
6% |
8% |
11% |
2% |
5% |
4% |
5% |
7% |
||
| Very bad |
4% |
13% |
2% |
1% |
4% |
2% |
4% |
6% |
||
| Don’t know |
1% |
– |
2% |
1% |
1% |
2% |
1% |
– |
65% of those who have received financial advice say it was good advice and 10% say they received bad advice.
Those most likely to think they received bad advice were aged 55+ (13%) and incomes under $600pw (21%)
financial planning, trust, trust in financial planning
Q. How much trust do you have in financial planners to give you independent and appropriate advice?
|
Total |
|
Vote Labor |
Vote Lib/Nat |
Vote Greens |
Vote Other |
|
Received financial advice |
|
| Total lot/some trust |
37% |
38% |
41% |
34% |
25% |
63% |
||
| Total little/no trust |
49% |
44% |
50% |
51% |
67% |
35% |
||
| A lot of trust |
8% |
6% |
14% |
1% |
3% |
19% |
||
| Some trust |
29% |
32% |
27% |
33% |
22% |
44% |
||
| Little trust |
29% |
24% |
31% |
38% |
34% |
24% |
||
| No trust at all |
20% |
20% |
19% |
13% |
33% |
11% |
||
| Don’t know |
15% |
18% |
10% |
15% |
8% |
2% |
37% say they have a lot or some trust in financial planners to give independent and appropriate advice and 49% have little or no trust.
Of those who have received financial advice or used a planner, 63% have a lot/some trust and 35% have little/no trust in financial planners.
For those on higher incomes (over $1,600pw), 40% have a lot/some trust and 51% little/no trust.
Banking and finance, banks, Commonwealth Bank, financial planning, royal commission
Q. Following reports of fraud, forgery and a cover-up in the financial planning division of the Commonwealth Bank, there have been calls for a Royal Commission. Would you agree or disagree that there needs to be a Royal Commission into banks and financial planning?
|
Total |
|
Vote Labor |
Vote Lib/Nat |
Vote Greens |
Vote Other |
|
Received financial advice |
|
| Total agree |
73% |
76% |
70% |
75% |
71% |
80% |
||
| Total disagree |
11% |
6% |
16% |
4% |
14% |
12% |
||
| Strongly agree |
34% |
35% |
29% |
37% |
42% |
33% |
||
| Agree |
39% |
41% |
41% |
38% |
29% |
47% |
||
| Disagree |
8% |
5% |
11% |
4% |
9% |
10% |
||
| Strongly disagree |
3% |
1% |
5% |
– |
5% |
2% |
||
| Don’t know |
17% |
17% |
15% |
20% |
14% |
8% |
73% agree and only 11% disagree that there needs to be a Royal Commission into banks and financial planning.
At least 70% of all voter groups agree and 80% of people who have used a planner or received a financial advice also agree.