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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MYOB survey reveals 1 in 4 small business owners not making any superannuation contributions

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MYOB’s latest survey has highlighted the burden of superannuation and EOFY tax payments on small business owners. Many struggle to make payments due to cashflow issues and are forced to prioritise tax payments in lieu of superannuation contributions and future financial security. Small businesses sacrifice future financial security as they prioritise tax over super Superannuation […]

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Traders driven to distraction during World Cup

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Don’t bother calling your broker when the World Cup is on the TV. Analysis of share volumes shows there is a noticeable dip in the number of trades during World Cup matches in which the market’s national team is playing. Happily, most World Cup matches this year have been scheduled during European evenings or weekends, […]

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If you can’t answer these questions, you don’t have a financial plan!

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Apparently eight out 10 Australians don’t get any formal financial advice. Earlier this year ASIC found that while 44 per cent of Australians said they have a short-term financial plan only 23 per cent said they had a long-term financial plan. Would you run a business with no business plan, budget or tracking your revenue […]

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Brexit was so 2016

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Two years after the Brexit referendum, stunningly little progress has been made in executing the withdrawal. That lack of progress has in turn led to a lack of clarity on the part of UK firms. While measures of business sentiment initially took a hit in the wake of the vote, real economic activity remained solid […]

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How advice practices benefit from early ratings on new funds

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In the past month Zenith has been the first Australian research house to rate three new funds from Airlie Funds Management and Firetrail Investments, and as Zenith’s Head of Equities Quan Nguyen explains, backing selective funds early is all part of a value proposition that can benefit adviser clients and their investors. That’s because like […]

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Moneysoft calls on financial planners to help clients understand their expenditure

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Financial planners need to broaden their role and help clients understand their household expenses in the wake of the Royal Commission’s damning revelations. Australian households have racked up record levels of debt as interest rates have been cut to historic lows in recent years, but the Commission heard that most lenders still over-rely on the […]

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