CPD: The airline food enigma – The way clients think, and how 9 out of 10 advisers respond

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The world depicted in many economics textbooks is populated by completely informed consumers who value choice and make perfectly rational decisions. Such a world is, of course, mythical. In the real world, decisions are an outcome of a complex interplay between our thinking styles and the way information is ‘framed’ or presented to us. The... Read more continue reading

Australian’s savings and financial dreams hit hard by COVID-19   

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While Australians have, to some extent, been negatively affected by the COVID-19 (Coronavirus) pandemic, some are faring better than others when it comes to their financial security. Working from home arrangements and fewer opportunities to spend discretionary income are arguably enabling Australians to bolster their savings at a faster rate than ever before, says MyState... Read more continue reading

Are you really ‘surplus’ing or actually saving?

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According to the Reserve Bank of Australia (RBA), Australian households are currently savings 5.5% of their income. Is this really ‘savings’? Or is it actually a ‘surplus’. There is a difference. ‘Savings’ is when you deliberately put money aside to build a cash reserve for a new car, investments, your next holiday or to accelerate... Read more continue reading

TAL reports strong member engagement with its COVID-19 support services

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Leading Australian life insurer, TAL, has reported strong uptake of its COVID-19 wellbeing and career support services with its superannuation fund partners, with seven partners focused on engaging members around the initiatives so far. The wellbeing and career support services include access to TAL’s online mental wellbeing program, Headlight, in addition to career guidance content that... Read more continue reading

Australian investors adapt to challenging market conditions

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Over 9 million Australians hold investments outside their home and super, with 6.6 million directly holding exchange-listed investments, according to the ASX Australian Investor Study 2020 released yesterday. Dominic Stevens, ASX Managing Director and CEO, said that the 2020 study comes at a historic time as investors respond to the challenges from the COVID pandemic.... Read more continue reading

Top tips for advisers to support themselves and their clients with mental health

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It is well known that mental health plays a crucial role in holistic health and wellbeing, and that making small improvements in day-to-day activities can help all of us thrive and stay mentally healthy. Financial advisers in particular have a significant opportunity to support the health and wellbeing of their clients. To do this effectively... Read more continue reading

COVID-19 pushes out timeframe to gender economic equality by 4 years

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The Coronavirus pandemic has prolonged the timeframe for achieving economic gender equality in Australia to 36 years due to a decline in female workforce participation in the June quarter. The Financy Women’s Index shows that in just four months of the COVID-19 health crisis, four years had been added to the estimated time it will... Read more continue reading

Actuaries Institute research shows equity gap growing between generations

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Falling rates of home ownership, government spending that skews to older Australians and deteriorating environmental factors are some of the factors that have driven a wider gap in equity between Australia’s young and old. The Actuaries Institute’s latest Green Paper, Mind the Gap – The Australian Actuaries Intergenerational Equity Index (AAIEI), launched yesterday, takes a... Read more continue reading

CPD: What doesn’t kill us makes us poorer – the cost of care in Australia

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Life, looking good in the ‘lucky country’? As the self-proclaimed ‘lucky country’, Australia’s impressive achievements across sport, science, and cultural pursuits, are often out of proportion to our modest size. Happily, another area where we ‘punch above our weight’ is in life expectancy, where Australia ranks amongst the best in the world. Since the very... Read more continue reading

myprosperity platform sees record debt levels as Australian households navigate recession

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Wealth management platform myprosperity has seen record quantities of debt recorded on its platform, up nearly 200% since the start of the year to $12 billion. There’s also been an estimated 80% increase in credit card accounts added to the platform since late 2019. The myprosperity portal is used by advisers and households to track... Read more continue reading