Boredom and ‘bad days’ are among the biggest savings roadblocks for Australians, along with social media influencers, peer pressure from friends, and Buy Now, Pay Later services according to new research by MyState Bank. MyState Bank research revealed Australia is a nation of emotional spenders, with 62% of Australians saying their emotional state, such as […]
continue readingThis tax time, the Australian Taxation Office (ATO) is warning taxpayers to keep an eye out for people posing as tax agents who are not registered with the Tax Practitioners Board (TPB). Assistant Commissioner Karen Foat is concerned about a number of people claiming to be tax agents, often promising refunds that sound too good […]
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29
Jul
2019
The nature of work continues to evolve, with technology creating more opportunities for self employment and ‘gig work’, and movement between jobs, industries and locations becoming more commonplace. However, this increase in flexibility has come at a cost, with workers prone to more gaps when it comes to job and income security. At the same […]
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10
Jul
2019
Research from credit information website, CreditSmart.org.au, has revealed that one year on from the adoption of Comprehensive Credit Reporting (CCR), most Australian consumers are still unaware of the changes that are impacting their credit health, and may not know how it can impact their future credit applications. The research found that in the last 12 […]
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03
Jul
2019
Consumer Research released by FINSIA uncovers a real power imbalance of financial knowledge and a high level of vulnerability which the industry must tackle to have any hope of restoring trust. More than three quarters of consumers failed to grasp basic financial concepts like tax and inflation, yet almost two thirds are over confident in […]
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10
May
2019
A seismic shift is occurring within Australia’s investment landscape and the investment management industry is struggling to cope. Over five million Australian baby boomers (born from 1946 to 1964), more than 1 in 5 Australians, are transitioning away from full-time employment. They are increasingly reliant on their accumulated wealth to fund part or all of […]
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30
Apr
2019
The majority of millennials (92%) feel confident about their future financial situation but may be unprepared for the possibility of unemployment due to injury or illness. New research from MetLife reveals that six in ten (63%) millennials without an adviser and five in ten (54%) advised millennials could only maintain their current lifestyle for a […]
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05
Apr
2019
AMP’s Financial Wellness report has found financial stress impacts two in five Australian workers during their careers, with nearly half feeling financially stressed for an average of six and a half years or more. According to the report, there are currently 2.44 million Australians suffering from financial stress and this is having a significant impact […]
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22
Jan
2019
Younger people overwhelmingly rank budgeting and cashflow management as the most valuable type of financial advice they can receive, according to a recent ING and Rice Warner survey of more than 1000 Australians. Gen Z (66 per cent), Gen Y (60 per cent) and Gen X (40 per cent) all cited budgeting and cashflow management […]
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16
Jan
2019
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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10
Dec
2018
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