Confusion around credit reports rife among Aussie consumers

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Australians are still confused about what goes into their credit report, despite it being an important record of their credit health, according to research by consumer education website, CreditSmart. The CreditSmart survey found that nearly three quarters of Australians assume their credit score is included in their credit report. One in five mistakenly believe that marital […]

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12 Reasons clients maintain an ongoing relationship with Financial Advisers

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In one of my previous articles, I talked about what clients value about a financial adviser. It was evidence-based meaning it was taken from the research I have conducted for many years with clients of financial advisers. In this article, I’d like to share why clients maintain an ongoing relationship with a financial adviser, again, […]

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Six in 10 Australians say their mood negatively impacts their savings habits

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Boredom and ‘bad days’ are among the biggest savings roadblocks for Australians, along with social media influencers, peer pressure from friends, and Buy Now, Pay Later services according to new research by MyState Bank. MyState Bank research revealed Australia is a nation of emotional spenders, with 62% of Australians saying their emotional state, such as […]

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Keeping you safe at tax time

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This tax time, the Australian Taxation Office (ATO) is warning taxpayers to keep an eye out for people posing as tax agents who are not registered with the Tax Practitioners Board (TPB). Assistant Commissioner Karen Foat is concerned about a number of people claiming to be tax agents, often promising refunds that sound too good […]

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Aussies face into new world of work more positively than global peers

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The nature of work continues to evolve, with technology creating more opportunities for self employment and ‘gig work’, and movement between jobs, industries and locations becoming more commonplace. However, this increase in flexibility has come at a cost, with workers prone to more gaps when it comes to job and income security. At the same […]

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Aussies’ awareness of changes impacting credit health still a work in progress

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Research from credit information website, CreditSmart.org.au, has revealed that one year on from the adoption of Comprehensive Credit Reporting (CCR), most Australian consumers are still unaware of the changes that are impacting their credit health, and may not know how it can impact their future credit applications. The research found that in the last 12 […]

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Exclusive consumer survey shows alarming overconfidence in financial literacy vs capability

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Consumer Research released by FINSIA uncovers a real power imbalance of financial knowledge and a high level of vulnerability which the industry must tackle to have any hope of restoring trust. More than three quarters of consumers failed to grasp basic financial concepts like tax and inflation, yet almost two thirds are over confident in […]

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Industry struggling with seismic shift from wealth accumulation to wealth utilisation

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A seismic shift is occurring within Australia’s investment landscape and the investment management industry is struggling to cope. Over five million Australian baby boomers (born from 1946 to 1964), more than 1 in 5 Australians, are transitioning away from full-time employment. They are increasingly reliant on their accumulated wealth to fund part or all of […]

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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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