Smart Australians Report

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Australians with postgraduate degrees will earn almost double, or $3.2 million, over their working lives compared to people with Year 11 or less qualification, who can expect to earn only $1.7 million, according to the latest AMP.NATSEM report. But women still face earnings inequality with the report finding that a 25 year old woman with […]

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AMP Lifestyle Monitor finds time still of the essence

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Australians are feeling increasingly time-pressured with more than half of those surveyed (54%) spending money on services to save themselves time according to the inaugural AMP Lifestyle Monitor. The AMP Lifestyle Monitor, a survey of over 1,400 AMP customers, looked at how respondents spend their time. For those choosing to buy back time, socialising, work, […]

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Generation Generous: Which is the most charitable?

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A recent television series painted a dis-favourable portrait of Australians…but we aren’t as bad as you might think. The 2012 RaboDirect National Savings and Debt Barometer reveals Aussies to be a charitable bunch with 20 per cent of Australians across all income brackets giving at least $500 per year to charity.   The survey also […]

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Retirement adequacy falls as Australians remain cautious

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The retirement adequacy of working Australians was at its lowest level since the GFC, falling almost 2 percentage points to 69.4% while projected retirement savings fell 7% to $492,000, according to the latest AMP Retirement Adequacy Index.  Superannuation was a major driver of these falls with the average worker’s total superannuation contributions falling to the […]

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Insurance Schmexperts

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Just as it seemed the life of a financial adviser would return to mind-numbing dullness after the FoFA brouhaha, the Experts Schmexperts have re-appeared with more great ideas.  What a relief! I was concerned that I would not have anything more to worry about other than focus on my clients, helping them to navigate the […]

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Aussie, Aussie Ostrich! We have a head in the sand mentality

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RaboDirect, one of the leading online savings and investment bank, is calling on Australians to take stock of their finances and put a plan in place after a recent survey found that 60% of those uncomfortable with their finances find financial planning daunting and are least likely to try to stay informed about money matters […]

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Research reveals sobering stats about baby boomers’ outlook

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A recent survey of the savings and debt habits of Australians has revealed that many Baby Boomers are facing precarious times, with a third of this generation entering retirement with a mortgage hangover. RaboDirect’s 2012 National Savings and Debt Barometer reveals that Baby Boomers are feeling the pinch and are the most pessimistic of all […]

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Survey findings support need for financial literacy in schools

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RaboDirect, the leading online savings and investment bank, announces its support of the government’s Moneysmart Teaching Primary Package, launching today in Adelaide. A recent national survey conducted by RaboDirect revealed just how real the need is for financial literacy to be taught in schools, with Gen X and Baby Boomers outed as the generations currently […]

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Not so super: Baby Boomers’ retirement reality

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Not having sufficient funds for retirement is a cause for alarm among Baby Boomers in Australia with more than half expecting to run out of money after retiring. According to the latest RaboDirect National Savings and Debt Barometer, Baby Boomers expect to retire with $400,000 in superannuation – which is half of what they think […]

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New research showing the growing opportunity for planners who can adapt to the needs of the SMSF market

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The Vanguard/Investment Trends Self Managed Super Fund Planner Report – which examines how Australian financial planners interact with SMSF investors – was released last week. The survey shows that SMSFs are an irrefutable growth opportunity for advisers – particularly those that specialise in this area. While SMSFs account for 19 per cent of planners’ funds […]

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