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

Investor confidence increased in March by 2.0 Points to 93.9

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State Street Global Markets has released the results of the State Street Investor Confidence Index® (ICI) for March 2021. The Global Investor Confidence Index increased to 93.9, up 2.0 points from February’s revised reading of 91.9. The increase in Investor Confidence was driven by the European ICI, which rose 12.6 points to 90.7, and the... Read more continue reading

Financial advisers are key to annuities, but need government backing

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New research has uncovered the obstacles preventing more Australians from understanding their financial options in retirement. The latest findings from the Orford Initiative have revealed the key role that financial advisers play in recommending annuities to their customers, as well as the barriers that prevent them doing so more often. “Our research highlights that the financial advice... Read more continue reading

Advisers need an empathetic mindset to support the financial needs of Generation X

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Generation X is the squeezed generation, and it’s not hard to figure out why. Facing unique challenges both day-to-day and financially, they’re experiencing pressure from all sides. Currently sitting between 40 and 55 years old, many in the cohort are hitting that time in their lives where they’re not only responsible for a growing family,... Read more continue reading

55% of Australians trust robots more than themselves with money

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2020 has changed our relationship with money, and people now trust robots more than themselves to manage their finances, according to a new study by Oracle and personal finance expert Farnoosh Torabi. The study of more than 500 consumers and business leaders around Australia found that the COVID-19 pandemic has increased feelings of anxiety, sadness, and... Read more continue reading

Supporting clients to stay healthy begins with financial advisers engaging with their own preventative health

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Preventative health is a catalyst for overall wellbeing. There’s no question that early diagnosis can be extremely beneficial to overall long-term health and can help reduce the need for expensive treatments by detecting a health condition before it reaches an advanced stage. Financial advisers play a crucial role in enabling the financial health of their... Read more continue reading

SMSF members urged to seek good advice as COVID divorces spike

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The coronavirus pandemic has taken its toll on Australian couples. As well as marriage rates continuing their 20-year decline, divorce is reportedly on the rise. Google searches for the term ‘divorce’ surged to their highest point in 12 months at the end of June, even higher than the traditional Christmas divorce season.[1] Family law firms... Read more continue reading