Millennials financially confident but inadequately insured, says MetLife

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The majority of millennials (92%) feel confident about their future financial situation but may be unprepared for the possibility of unemployment due to injury or illness. New research from MetLife reveals that six in ten (63%) millennials without an adviser and five in ten (54%) advised millennials could only maintain their current lifestyle for a […]

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Financial stress costs Australian businesses $31.1bn in lost revenue

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AMP’s Financial Wellness report has found financial stress impacts two in five Australian workers during their careers, with nearly half feeling financially stressed for an average of six and a half years or more. According to the report, there are currently 2.44 million Australians suffering from financial stress and this is having a significant impact […]

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Research shows that budgeting and cashflow management the top advice priority for younger Australians

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Younger people overwhelmingly rank budgeting and cashflow management as the most valuable type of financial advice they can receive, according to a recent ING and Rice Warner survey of more than 1000 Australians. Gen Z (66 per cent), Gen Y (60 per cent) and Gen X (40 per cent) all cited budgeting and cashflow management […]

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AMP launches new ‘Financial Help Hub’ to educate consumers about managing money

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Navigating the complex world of day-to-day banking and finance has been made easier with the launch of AMP’s new ‘financial help hub.’ The website is a one-stop-shop for financial education, with tools and tips to help better understand money, investing and planning for retirement. AMP’s Director of Strategic Marketing and Customer Experience Lara Bourguignon said […]

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Will Australians trust startups with their money as the cashless economy takes hold? 

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F5 Networks has announced new research showcasing that while Australians are moving towards a cashless economy, they remain divided when it comes to the future of payments. The study, The Changing Face of Payments & The Rise of the Cashless Economy, revealed over a third (34%) of Australians wouldn’t trust a startup with their money despite 58% of people using digital […]

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Australia is over two-thirds of the way to optimal workplace mental health and wellbeing

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SuperFriend, the national mental health organisation influencing positive change in workplace mental health and wellbeing, has released its annual Indicators of a Thriving Workplace report, which measures the current state of mental health and wellbeing in Australian workplaces against a desired state. The national workplace mental health and wellbeing index score is 65 out of 100[1] which suggests that […]

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myprosperity launches Kwidz to help foster financial literacy education for Australia’s next generation Financial app helps advisers attract and retain the next generation of clients

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A leading wealth portal, myprosperity has launched Kwidz, a financial literacy app geared to help advisers bridge the generational gap that currently exists in household finances. The app introduces children, aged eight and up, to the key concepts of personal finance, helping them set savings goals, view spendings and track success. “We are excited to […]

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How one financial planner’s cultural change is helping tackle Australia’s debt problem

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How one financial planner’s cultural change is helping tackle Australia’s debt problem Financial planners are helping to tackle Australia’s escalating debt problem as the industry shifts from selling products to providing holistic advice with money management at its core. Australia’s household debt-to-income ratio has risen sharply in recent years and now ranks as one of […]

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Millennials score low when it comes to credit awareness

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Australian millennials have a lower understanding of credit than older generations, according to research from consumer education website, CreditSmart. A huge 44% of millennials are unsure of the difference between a credit score and a credit report, and over half are unaware of what a lender looks for in a credit report. The study revealed that […]

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Complicated products have owners manuals, why don’t ours?

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Let’s face it: our products are complicated as far as clients and prospects are concerned. The funny thing is, nearly all of the products we buy are pretty complicated these days.  Even though we men folk tend to ignore them to begin with, most of the complicated products come with explanations about how they work […]

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