This paper presents the results of an investigation into the factors that determine the intention to save for retirement using a professional financial services planner. The sample of 289 individuals aged between 30-65 years in Australia revealed that self-efficacy and attitudes are the main factors that cause a consumer to save for retirement, using the services of a financial planner and/or accountant. Structural equation modelling (SEM) analysis indicated that subjective knowledge and goal clarity have a negligible effect on behavioural intentions in this context. Furthermore, it was found that goal clarity, subjective knowledge and perceived risk did not have a direct impact on behavioural intentions. With 57 per cent of the variance explained, these results are considered robust. Finally, a number of opportunities for further research are outlined.
|Number of pages||21|
|Journal||financial planning research journal|
|Publication status||Published - 2017|
Rickwood, C. M., Johnson, L. W., Worthington, S., & White, L. (2017). Customer intention to save for retirement using a professional financial services planner. financial planning research journal, 3(2), 47-67.