Stop thief! That’s my identity

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Identity theft is a multi-billion dollar problem – and growing. To the extent that financial advisers help guide their clients in protecting against risks, the topic of identity theft is arguably one that advisers can credibly discuss, and not just because financial product communications are often targeted by those by criminal intent. Stories like this... Read more continue reading

A sophisticated client – there’s no such thing

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Advisers sometimes refer to their clients as sophisticated clients, but this term is often misunderstood according to The Fold Legal. Senior Lawyer at The Fold Legal, Lesley Thorne says there is no such thing as a sophisticated client, only a sophisticated investor. “A sophisticated investor is a person with sufficient experience in using financial products... Read more continue reading

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... Read more continue reading

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... Read more continue reading

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... Read more continue reading

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... Read more continue reading

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,... Read more continue reading

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... Read more continue reading

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... Read more continue reading

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... Read more continue reading