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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Big data reveals the suburbs where Australia’s wealthiest and poorest retirees live

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The Melbourne area of Stonnington is home to Australia’s biggest spending retirees, according to the latest Milliman Retirement Expectations and Spending Profiles (ESP) report. The average annual expenditure of Stonnington retiree households is $56,711, which is two-thirds higher than the national average ($33,943), with more expenditure directed towards discretionary areas such as leisure. The area […]

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Australian women in the dark about their credit history

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Australian women are missing opportunities to optimise their credit health and make themselves look good to lenders, according to research from consumer education website, CreditSmart A huge 89% of women are unaware of changes currently happening in the credit reporting system, and a third of these feel the changes will not impact them in any […]

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Philanthropic giving via a Public Ancillary Fund

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A PuAF is a communal tax exempt philanthropic trust that enables a number of donors to establish and name a ‘sub fund’ under the broader PuAF structure. With a sub fund, the donor does not need to worry about the trustee obligations and responsibilities associated with a Private Ancillary Funds (PAF) and can put their […]

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