Former AFA National President launches The Money Sandwich

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Marc Bineham, former Association of Financial Advisers (AFA) National President, former financial adviser, and Managing Director of Noall & Co, has launched The Money Sandwich, a book aimed at helping the over-50s better manage their money and retire comfortably. “This is a demographic I know very well because I belong to it, as do my... Read more continue reading

Get clients saving more with the 10/30/60 Rule

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One of the biggest issues for advisers is to get clients saving more.  Getting them to do now what will be good for later means deferring instant gratification and the constant  “we wants”, even in countries where compulsory or incentivised retirement savings schemes exist. A fascinating piece of work for any advisers working with retirement... Read more continue reading

Protect your loved ones from elder abuse

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Elder abuse is a horrifying prospect we’ve come to better understand thanks to relentless work by recent media investigations and royal commissions. No one likes to think they (or someone they love) will ever be a victim in this way but all Australians can take action well before there is a possibility of losing capacity... Read more continue reading

Consumer confidence fades in response to Melbourne lockdown

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The Westpac-Melbourne Institute Index of Consumer Sentiment fell 5.2% to 107.2 in June from 113.1 in May. The Index has now fallen by 9.7% over the last two months. According to Westpac Chief Economist Bill Evans, the latest fall in June is almost certainly due to concerns around the two-week lockdown in Melbourne. The survey... Read more continue reading

Australians approve of higher government debt to aid the recovery of the economy

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Research out yesterday from MyState Bank has found that three-quarters of Australians (74%) are comfortable with the level of government debt reaching $1 trillion by June 2025 ($37,000 for every Australian), regarding it as necessary to support the economy and Australian livelihoods during the COVID pandemic. However, when it comes to the individual during the... Read more continue reading

Australian Actuaries Intergenerational Equity Index shows 2020 ‘a year like no other’: COVID impact felt unevenly across generations

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The equity gap between Australia’s generations closed slightly after ‘a year like no other: 2020’. The authors of the Australian Actuaries Intergenerational Equity Index (AAIEI) believe gains for young people will be temporary, quickly reversing as government support is withdrawn. The first update to the AAIE Index was released today. The Index, commissioned by the... Read more continue reading

Worker optimism shaken during COVID-19 – but future outlook in Australia is positive: new data from ADP

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Optimism among workers in Australia has been shaken in the wake of the COVID-19 pandemic, but there is confidence that the ‘new normal’ will result in positive changes to the working environment, reveals the ADP® Research Institute’s People at Work 2021: A Global Workforce View. ADP’s report found that four out of five Australian workers feel... Read more continue reading

Savings a priority as financial confidence takes a hit among Australians

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Australia has been recognised for its handling of the health and economic related aspects of COVID-19, however new research from MLC Wealth shows the impact of COVID-19 is still being felt with Australians’ financial confidence taking a hit. An MLC Wealth survey[1] of more than 1,000 people aged between 18 and 79 found only 43% of... Read more continue reading

Australian women and younger workers urged to consider rebuilding their super savings

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Australian women and younger workers are among those who need to kickstart rebuilding their superannuation and retirement savings as the economy recovers after Australians withdrew more than $36 billion in early super release payments in 2020. New research from Colonial First State (CFS) show its members aged under 30 took almost one-third of all early super... Read more continue reading

Financial wellness: The top 5 strategies to improve member engagement

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Outstanding customer experience aided by financial wellness programmes are playing a crucial part in ensuring Super funds generate deep and meaningful member engagement. This engagement is key to retention and growth. But what does it look like, and how do you get there? From conversations with Shannon O’Shea, partner and head of member and corporate... Read more continue reading