Top tips for advisers to support themselves and their clients with mental health

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It is well known that mental health plays a crucial role in holistic health and wellbeing, and that making small improvements in day-to-day activities can help all of us thrive and stay mentally healthy. Financial advisers in particular have a significant opportunity to support the health and wellbeing of their clients. To do this effectively... Read more continue reading

COVID-19 pushes out timeframe to gender economic equality by 4 years

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The Coronavirus pandemic has prolonged the timeframe for achieving economic gender equality in Australia to 36 years due to a decline in female workforce participation in the June quarter. The Financy Women’s Index shows that in just four months of the COVID-19 health crisis, four years had been added to the estimated time it will... Read more continue reading

Actuaries Institute research shows equity gap growing between generations

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Falling rates of home ownership, government spending that skews to older Australians and deteriorating environmental factors are some of the factors that have driven a wider gap in equity between Australia’s young and old. The Actuaries Institute’s latest Green Paper, Mind the Gap – The Australian Actuaries Intergenerational Equity Index (AAIEI), launched yesterday, takes a... Read more continue reading

CPD: What doesn’t kill us makes us poorer – the cost of care in Australia

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Life, looking good in the ‘lucky country’? As the self-proclaimed ‘lucky country’, Australia’s impressive achievements across sport, science, and cultural pursuits, are often out of proportion to our modest size. Happily, another area where we ‘punch above our weight’ is in life expectancy, where Australia ranks amongst the best in the world. Since the very... Read more continue reading

myprosperity platform sees record debt levels as Australian households navigate recession

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Wealth management platform myprosperity has seen record quantities of debt recorded on its platform, up nearly 200% since the start of the year to $12 billion. There’s also been an estimated 80% increase in credit card accounts added to the platform since late 2019. The myprosperity portal is used by advisers and households to track... Read more continue reading

Fidelity research reveals true cost of pandemic

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The mental wellbeing of almost half of Australians has been negatively impacted by COVID-19, while almost one in three have seen their financial wellbeing suffer, new research from Fidelity International reveals. Fidelity’s latest ‘Pulse Survey’ explored the impact of COVID-19 on people’s finances, as well as their overall wellbeing.  It found 28.6% believe their physical... Read more continue reading

Australians plan for a thrifty FY21 after COVID-19 hit

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With the nation in its first recession in 29 years, Australians are resolving to be better money managers this new financial year, according to new research from MyState Bank. MyState Bank asked more than 1,000 Australians what their biggest financial resolutions and concerns are coming into the new financial year (FY21). Overwhelmingly, the research found... Read more continue reading

CPD: Mental health and financial services – delivering better advice, service and care

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Introduction It’s hard to pick up any news publication today and not find some discussion on the topic of mental health. This ubiquity isn’t a recent phenomenon; the increasingly poor state of mental health across communities – and the associated social and financial impacts – has been documented for several years now. In Australia –... Read more continue reading

Less wealthy Australians lack confidence in retirement, seek better and more regular information from super funds

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Key points Five segments of super fund members have been identified from the Qantas Super CSBA Retirement Confidence Index (RCI) data collected over the last two years: Confident Empty Nesters, Middle Class Families, Aspiring Up-and-Coming, Working Class and Survivors (detailed segment descriptions available upon request). Each segment has vastly differing levels overall of both confidence... Read more continue reading

CPD: Health and wellness in advice – powering better financial and lifestyle outcomes for your clients

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Introduction The topic of ‘wellness’ (or ‘wellbeing’) is one of increasing relevance to employers, product manufacturers, and – crucially – financial advisers. On one level this is because advisers should be always be mindful of major societal trends and evolve their service offering accordingly; but more importantly, because wellness can be one of the biggest... Read more continue reading