Data from MLC Life Insurance shows mental health support has doubled during COVID-19

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As Australia recognises Mental Health Week, new data from MLC Life Insurance reveals the number of customers using its Best Doctors’ Mental Health Navigator service has almost doubled since the onset of COVID-19, as more people seek mental health support during the pandemic. In just the last four months, 21 per cent of all current... Read more continue reading

The impact of COVID-19 on Australian workers has been profound, according to Australia’s largest workplace mental health study

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Australia’s largest workplace mental health study found that three in five workers experienced a mental health condition this year (up almost 9 percentage points from 2019), with many struggling for the first time during the pandemic. The new research, released today by SuperFriend, also showed clear benefits of improved financial and mental health outcomes for... Read more continue reading

Household Capital releases 2020 Retirement Outcomes survey

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Household Capital has released the results of their 2020 Retirement Outcomes survey, one of the first major national studies of its kind since the impacts of COVID-19 have hit. The Household Capital 2020 Retirement Outcomes research was conducted for the organisation by trusted advocates, Your Life Choices. Over 4,400 Australians participated, representing over 87 percent... Read more continue reading

Saving for your children

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Your child had their 8th birthday last week. Your mum-in-law again gave her yearly gift of $100 for your child’s saving account. Your second child is having their 10th birthday next month. In total, each child now has $4,000 to $6,000 in their respective savings accounts. You have been studiously putting away $25 per month... Read more continue reading

Two in three Aussies’ finances impacted by COVID-19

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While globally the COVID-19 pandemic has caused a huge economic shake up, it has also had far reaching impacts for Aussies in relation to their own personal finances. With this in mind, AMP has commissioned new research to unveil both the long and short-term impacts of the current crisis on everyday Australians – from day-to-day... Read more continue reading

CPD: The airline food enigma – The way clients think, and how 9 out of 10 advisers respond

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The world depicted in many economics textbooks is populated by completely informed consumers who value choice and make perfectly rational decisions. Such a world is, of course, mythical. In the real world, decisions are an outcome of a complex interplay between our thinking styles and the way information is ‘framed’ or presented to us. The... Read more continue reading

Australian’s savings and financial dreams hit hard by COVID-19   

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While Australians have, to some extent, been negatively affected by the COVID-19 (Coronavirus) pandemic, some are faring better than others when it comes to their financial security. Working from home arrangements and fewer opportunities to spend discretionary income are arguably enabling Australians to bolster their savings at a faster rate than ever before, says MyState... Read more continue reading

Are you really ‘surplus’ing or actually saving?

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According to the Reserve Bank of Australia (RBA), Australian households are currently savings 5.5% of their income. Is this really ‘savings’? Or is it actually a ‘surplus’. There is a difference. ‘Savings’ is when you deliberately put money aside to build a cash reserve for a new car, investments, your next holiday or to accelerate... Read more continue reading

TAL reports strong member engagement with its COVID-19 support services

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Leading Australian life insurer, TAL, has reported strong uptake of its COVID-19 wellbeing and career support services with its superannuation fund partners, with seven partners focused on engaging members around the initiatives so far. The wellbeing and career support services include access to TAL’s online mental wellbeing program, Headlight, in addition to career guidance content that... Read more continue reading

Australian investors adapt to challenging market conditions

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Over 9 million Australians hold investments outside their home and super, with 6.6 million directly holding exchange-listed investments, according to the ASX Australian Investor Study 2020 released yesterday. Dominic Stevens, ASX Managing Director and CEO, said that the 2020 study comes at a historic time as investors respond to the challenges from the COVID pandemic.... Read more continue reading