Child care strain on family budgets: women lose 60 per cent of their pay says AMP.NATSEM Report

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Family budgets are under pressure with the primary carer, typically the mother, losing about 60 per cent of her gross income when returning to work full-time after having children – when factoring in the cost of child care, loss of Government benefits and increase in tax – according to the latest AMP.NATSEM report. Middle income […]

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Start the new financial year on the right track

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With the end of the financial year (EOFY) approaching, AMP Capital is encouraging customers to run their investments against a simple checklist to ensure they start the new financial year on the right track towards achieving their investment goals. AMP Capital Head of Retail and Corporate Business Craig Keary said: “The end of the financial […]

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Australian adviser client satisfaction highest in Asia

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Satisfaction rates among Australian adviser clients are the highest in Asia and second highest in all major global markets, according to recent Legg Mason research. Among those who use an adviser currently, client satisfaction was extremely high relative to the rest of the world. A solid 40% of respondents indicated they were entirely satisfied with […]

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ASX launches new managed funds settlement service

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ASX has  officially launched its new managed funds settlement service – mFund. The launch was hosted at Exchange Square in Sydney by ASX Managing Director and CEO, Elmer Funke Kupper, with guest speaker John Brogden, Chief Executive Officer of the Financial Services Council. mFund – through which the first transaction took place on Tuesday between APN Funds […]

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Consumer financial priorities revealed ahead of Budget

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New consumer research findings ahead of the Federal Budget reveal that building up savings is the current top financial priority for Australians. The research conducted for Australia’s leading specialist insurer TAL shows that saving is the top priority for all key demographic groups, with 100% of those aged 18-24 listing this as a current financial priority. However, […]

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Brokers, accountants and advisers are the “essential link” in credit reporting: ARCA

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The Australian Retail Credit Association (ARCA) has called on financial intermediaries – mortgage and finance brokers, accountants and financial planners – to use yesterday’s inaugural CreditSmart Privacy Day (7 May) as a catalyst to discussing  recently-introduced changes to the credit reporting system with clients. On 12 March, reforms to the Privacy Act saw extensive changes […]

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Making sense of the bewildering world of SMSFs

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Wealth Know How, Australia’s first independent financial educational video-based website, designed for consumers, has launched a series of educational videos covering several of the issues relating to self-managed super funds (SMSFs). Wealth Know How’s George Lucas (Co-Founder) says the decision to produce a series on SMSFs videos was driven by viewer requests, reflecting the fact that there are now about one million SMSFs trustees, many of whom are looking for a range of […]

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Legg Mason’s global investment survey: future generations face challenges to wealth

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The majority of Australian investors believe the investment environment facing their younger counterparts will be more difficult, according to Legg Mason’s 2014 Global Investment Survey. The survey, which looked at the attitudes of 4,200 affluent investors in 20 key markets, found Australian investors were particularly concerned when it came to the long-term future of the […]

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Advice group in fight to boost financial literacy



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A leading financial planning firm has joined the Australian government in the fight to boost the financial literacy of Australians, as the Australian Securities and Investments Commission prepares to release the government’s National Financial Literacy Strategy for 2014-17. Sydney-based financial planning firm Caboodle Financial Services has developed a range of educational tools which will be […]

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Lifeplan Financial Advice Satisfaction Index hits all time high

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Investor satisfaction with financial advisers is at its highest level since the inception of the Lifeplan ICFS Financial Advice Satisfaction Index in 2007, according to the April 2014 survey results. Lifeplan Funds Management with the University of Adelaide undertakes a survey every six months. It looks at changes in investors’ attitudes towards financial advisers including […]

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