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... Read more continue reading

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... Read more continue reading

ARCA responds to late payment grace period changes

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Commonwealth Attorney-General, Senator the Hon George Brandis QC, has today requested the Credit Reporting Privacy Code (CR code) be varied so that the five day grace period for late payments recorded on a consumer’s credit report is extended to 14 days. As the CR code developer, ARCA will make an application to the Office of... Read more continue reading

Financial resilience of Australian law firms under strain

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Local law firms have sacrificed growth forecasts to protect partner profitability in response to challenging economic conditions, according to a study of more than 100 law firms by leading national accounting firm, Crowe Horwath, and the Australasian Legal Practice Management Association (ALPMA). The ALPMA/ Crowe Horwath Financial Performance Benchmarking Study shows that the average profitability of firms... Read more continue reading

Advice conundrum – Gen Y trust financial advisers but view as too expensive

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When it comes to money and our financial futures – who do we turn to and trust most to give quality advice? According to the 2013 RaboDirect National Savings & Debt Barometer (NSDB), 36% of Gen Y relied on family and friends for financial advice – using their loved ones over a bank (33%), an... Read more continue reading

82% want US-style home eviction regulation here

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A study by Galaxy Research on behalf of Mortgage Mediators reveals that only 5% of Australians agree with the present practice of banks being able to automatically take possession of a home if a borrower fails to make mortgage payments for two or three months. The majority (82%) of Australians feel that when people can’t... Read more continue reading

Savers increase their lifeline by 43 days in twelve months

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Survey reveals Australians built up their savings buffer in wake of economic downturn Australians have learnt a valuable lesson from recent tough economic times, and have been busy squirrelling away savings in order to protect themselves from any further uncertainty; RaboDirect research shows. Impressively, almost a third of Australians have a savings safeguard that would... Read more continue reading

Helping more people enjoy financial freedom

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What many clients want from their relationship with a financial planner is financial freedom, according to 2012 AFA Female Excellence in Award winner, Christine Hornery, director of FMS Group, but that means different things to different people. “For some people, financial freedom might be about accumulating a certain dollar amount but for others it might... Read more continue reading

Private high school fees are set to rise at least 6 per cent next year

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Private high school fees are set to rise at least 6 per cent next month, prompting parents and grandparents to invest in a unique Australian innovation which is tax-paid and an easily manageable “targeted purpose”  investment. This has been the average level of private school fee growth over a long period in Australia. Austock Life’s managing director... Read more continue reading

Laughing all the way to the bank

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Survey finds that regular savers are healthier and happier While money itself may not be enough to buy happiness, regular saving habits can literally see people laugh all the way to the bank according to the 2013 RaboDirect National Saving and Debt Barometer (NSDB). The research found that regular savers[1] can bank on happiness and good health, uncovering... Read more continue reading