CPD: Mental health and financial services – delivering better advice, service and care

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Introduction It’s hard to pick up any news publication today and not find some discussion on the topic of mental health. This ubiquity isn’t a recent phenomenon; the increasingly poor state of mental health across communities – and the associated social and financial impacts – has been documented for several years now. In Australia – […]

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Less wealthy Australians lack confidence in retirement, seek better and more regular information from super funds

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Key points Five segments of super fund members have been identified from the Qantas Super CSBA Retirement Confidence Index (RCI) data collected over the last two years: Confident Empty Nesters, Middle Class Families, Aspiring Up-and-Coming, Working Class and Survivors (detailed segment descriptions available upon request). Each segment has vastly differing levels overall of both confidence […]

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CPD: Health and wellness in advice – powering better financial and lifestyle outcomes for your clients

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Introduction The topic of ‘wellness’ (or ‘wellbeing’) is one of increasing relevance to employers, product manufacturers, and – crucially – financial advisers. On one level this is because advisers should be always be mindful of major societal trends and evolve their service offering accordingly; but more importantly, because wellness can be one of the biggest […]

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Women’s financial progress hit by early impact of COVID-19

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Australian women are bearing the brunt of the initial economic impact of the Coronavirus (COVID-19) pandemic as job cuts start to mount. The scorecard of women’s financial progress, the Financy Women’s Index, recorded its weakest start to a calendar year since 2015 and rose by just 0.4 percentage points to a revised 71.3 points in […]

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AMP releases good money habits guide for kids and parents

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AMP has released an educational e-book to help teach children good habits in money and finance. Good Money Habits for Life is designed to assist parents and grandparents to pass on positive lessons and behaviours. The e-book shows the key beliefs and attitudes that make a difference to how well we manage our money such as […]

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MyState Bank calls for Australians to be extra vigilant amidst growing COVID-19 scams

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MyState Bank are urging Australians to exercise more caution online, with the risk of individuals falling victim to criminal scammers significantly heightened since the outbreak of COVID-19 (Coronavirus). MyState Bank General Manager of Digital and Marketing, Heather McGovern, said the current environment is ripe for criminals looking to exploit the fear and anxiety around the […]

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80% of Aussies worried about the economic impacts of Coronavirus

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New research from comparison site Mozo has found that 80% of Australians are worried about the economic impacts of Coronavirus, with one in five particularly vulnerable, having no savings as a safety net if they found themselves unable to work. Simply put, many Australians cannot afford to ‘not’ work. Nearly half of Australians (47%) said […]

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Bank of Mum and Dad contribution up 41% in last two years, lending a total of $92 billion in property assistance

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Key Points: Bank of Mum and Dad is Australia’s fifth biggest lender, after the Big 4 Banks $92.3 billion lent to children to help them onto the property ladder, with 59% of parents not expecting repayment Nearly half of parents cutting expenses or delaying retirement in a bid to get their children on the property […]

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Almost half of women would struggle financially in relationship breakdown

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Almost half (44.1%) of Australian women say they would not be financially stable if their relationship or marriage were to end tomorrow, new research from Fidelity International reveals. This compares to 29.7% of men. Women are also vulnerable when it comes to job security with one in three (34.5%) saying they could only manage for […]

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CPD: The changing nature of work in Australia, implications for advisers and the broader protection ecosystem

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Introduction As professional service providers, it is vital (and legally required!) for financial advisers to understand each of their clients at a highly detailed micro level. This detailed understanding – of their current situation and future goals – is an enabler of quality, personalised financial advice. As business owners, seeking to maximise the sustainability of […]

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