The Australian Securities and Investments Commission (ASIC) has re-launched its Moneysmart financial guidance website, aiming to make the platform more accessible, engaging and relevant for Australians “of all generations and backgrounds” and ensure it is a trusted free alternative to advice.
In a statement, it said the refresh is designed to reflect how Australians – especially younger people – are learning about and making decisions with money today, and it wants to make it easier to use and understand at a time when “good financial information has never been more important”.
The refreshed Moneysmart site features a new design, updated website content and fresh imagery that reflects consumers’ needs.
ASIC said: “The website has been updated to ensure it is practical, easy to understand and relevant to real‑world financial decisions – from budgeting and saving to managing debt and understanding investment risks.”
It said it is aiming to provide a “trusted alternative” to financial advice that is free and independent, and does not “sell a product”.
It comes as new research shows many young people in Australia are turning to social media for financial advice, but much of that information is unreliable.
