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Youth And Financial Planning
Office of the Ombud for Financial Services ProvidersRef: https://www.faisombud.co.za/latest-news/youth-and-financial-planning/
Official source
Source domain: faisombud.co.za
Collected on 28 June 2026
Always confirm details on the official source before acting.
What this means
The document discusses youth financial planning from the FAIS Ombud, highlighting that 15-34 year-olds constitute a third of the population but only 18% of complaints for 2025/2026. It notes that 67% of youth complaints relate to funeral insurance and stresses the value of life cover, savings, and investments, while attributing low adoption to financial literacy gaps. It emphasizes sourcing financial planners who are registered with the FSCA to ensure competence and provide recourse if issues arise.
Facts
Reference
https://www.faisombud.co.za/latest-news/youth-and-financial-planning/
Key Takeaways
- FAIS Ombud
- Youth and Financial Planning
- 15 to 34 age group
- 2025/2026 Financial Year
- 18% of complaints from youth
- 67% of youth complaints about funeral insurance
- FSCA registration
- financial planner
- recourse / protections