Financy Women’s Index cuts through pay noise

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The Financy Women’s Index shows why we need to focus on data facts as we press for change on gender pay. The release of the latest Financy Women’s Index received increased media attention just as many high profile women and their supporters push for an end to the gender pay disparity in Australia. In an ABC Lateline exclusive, […]

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1 November law change: new intestacy laws grant automatic inheritance to surviving partners  

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A significant change to an almost 60-year-old Victorian inheritance law is about to take effect. Partners will no longer share the inheritance (on the passing of a partner) with their children when their partner passes away without a will. Rigby Cooke Lawyers’ Special Counsel and wills & estates specialist Rachael Grabovic said the long-awaited amendment […]

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Intergenerational Advice Part 1: the opportunity worth chasing

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Like most developed countries, Australia is facing the challenge of an ageing population. It is estimated that by 2020 there will be more 65 year olds than one year olds in Australia, leading to a complete inversion of the “population pyramid”[1]. This will pose a number of economic problems as the pool of active, productive […]

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Household debt reaches the highest highs: are your clients covered?

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The decision by the Reserve Bank to leave the cash rate on hold for the eleventh month in a row has surprised few. Even more unsurprising may be the news that Australians’ level of household debt has reached historical highs, at 190% of disposable income. These two events are not unrelated. Everyone from the RBA […]

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Young family is $240,000 better off with financial advice

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In a new report by one of Australia’s biggest super funds, Sunsuper has found that financial advice could help a young family enjoy more lifestyle choices and be $240,000 better off at retirement. Sunsuper commissioned CoreData to conduct research and modelling of milestones and scenarios to better understand the value that financial advice offers Australians […]

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Breaking down inequality: the different sex debate

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The equality theme is highly topical in our society today. Australians will soon learn the outcome of a postal vote on same sex marriage. Leaving out the politics, the ‘postal plebiscite’ is essentially a heightened version of another long-term, slow-burn societal discussion we need to have. By this I mean the debate around financial equality […]

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Intergenerational Advice Part 2: building your tribe

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In the first part in this Intergenerational Advice series, we looked at the threat of not having an intergenerational advice strategy – not just for advisers but also for clients, and the resulting risk of familial breakdown, lost assets and a dissipating client base. The fundamental lesson lay in tapping into the Gen X and […]

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Active Aussies most likely to keep finances in shape

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A new study by AMP, a leading financial services organisation, has found Aussies who play sports regularly are 64 per cent more likely to achieve the majority of their financial goals, compared to those who don’t. In fact, unsporty Aussies are more than twice as likely to have no financials goals at all. The research […]

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Five good habits to build wealth

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According to the Reserve Bank of Australia, the average Australian earns $1,164 per week or $60,528 per year. Then, the average Australian saves 4.70% of their income or $2,844 per annum. Not much. You do not create wealth by saving money. Yet, I see many people hesitant to invest in their own financial future because […]

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Responsible investment continues to gain acceptance among investors

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There is a growing acceptance of responsible investment (RI) by millennials, women, affluent investors and institutions as the concept moves from being considered a niche and product-specific approach to one that has a proven track record of contributing to portfolio performance leading to a broader appeal among global institutional and retail investors, according to Nuveen’s […]

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