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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Australian couples need to work together on their finances to reduce stress, reveals MyState Bank research

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Money is driving conflict, secrets and stress among Australian couples, according to new research from MyState Bank, which is urging all Australian couples to devote more time to working together on their finances this Valentine’s day. The Love and Money Survey was commissioned by MyState Bank and surveyed over 1000 people in a relationship. While 62% of […]

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How understanding preventative health can help you provide better financial advice

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At present, Australians are spending well over $180 billion annually on healthcare and only 1.34% of that amount – or just over $2 billion annually – is spent on reducing health risks and preventing conditions each year[1]. Preventative health plays an important role in people’s overall wellbeing, and the rising rate of preventable conditions means […]

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Australians not feeling supported by the retirement funding system

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Household Capital, an independent, specialist retirement funding provider has completed its submission to the Retirement Income Review in response to the government’s consultation paper released in November 2019. The purpose of the Retirement Income Review is to ascertain the degree to which retirees are supported by the three pillars of Australia’s retirement system; superannuation, the […]

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Investor sentiment remains grounded amidst rising markets: Investor Product Needs Report

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Leading research firm Investment Trends has released its latest Investor Product Needs Report, an in-depth study of Australians’ investing behaviour and their use of various investment products. The study, now in its fourteenth year, is based on a survey of 7,933 Australian investors: Investor sentiment remains grounded amidst rising markets As we enter a new […]

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Fidelity research highlights the importance of personal finance in overall wellbeing

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The mental health, family life and physical health of a large proportion of Australians are being adversely affected by financial issues, new research from Fidelity International has revealed. Fidelity International’s ‘The Value of Advice’ report, based on a survey of 2,000 Australians, aims to take a pulse of Australia’s financial and overall wellbeing and highlight […]

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