FPA Partnership Aims to Improve Female Financial Literacy

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A new partnership has been formed between the Financial Planning Association and 10thousandgirl with the aim of improving the financial literacy and economic health of women.

Mark Rantall, FPA CEO
Mark Rantall, FPA CEO

10thousandgirl is a not-for-profit social enterprise, established in 2009, with the goal of inspiring and educating women across Australia, with a specific focus on reaching remote and regional communities.

The FPA will play an integral role in one of 10thousandgirl’s major initiatives, the 2015-17 Regional Women’s Financial Literacy project, which begins in July this year. The project includes a series of 12 webinars and 16 workshops held in regional areas, which will cover money management topics including the differences between debt and credit, the importance of life insurance, maximising superannuation and investing in shares and property.

As part of its commitment to the program, 20 FPA members will participate in the regional workshops, sharing their financial skills and expertise with participants. The members will be designated as 10thousandgirl ‘trusted advisers’, listed in an online directory of Australia’s top 100 trusted advisers for women, and actively promoted via 10thousandgirl’s network.

“Understanding financial concepts and the principles of investing is a really important first step, but the reality is that the project will deliver so much more,” said FPA CEO, Mark Rantall. “It gives women the tools they need to create a life plan and achieve the financial future they want by taking charge of their finances now.

“This is something the FPA advocates for all Australians, men and women,” he added.

10thousandgirl CEO, Zoe Lamont, said: “Our goal is to provide women with the tools to become financially empowered; be debt free, actively investing, have sufficient insurance and superannuation. For some women, getting professional advice will play a role in this.”