Client Insights

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Will Australians trust startups with their money as the cashless economy takes hold?

F5 Networks has announced new research showcasing that while Australians are moving towards a cashless economy, they remain divided when it comes to the future of payments. The study, The Changing Face of Payments & The Rise of the Cashless Economy, revealed over a third (34%) of Australians wouldn’t trust a startup with their money despite 58% of people using digital […]

23 Nov 2018

Australia is over two-thirds of the way to optimal workplace mental health and wellbeing

From SuperFriend

SuperFriend, the national mental health organisation influencing positive change in workplace mental health and wellbeing, has released its annual Indicators of a Thriving Workplace report, which measures the current state of mental health and wellbeing in Australian workplaces against a desired state. The national workplace mental health and wellbeing index score is 65 out of 100[1] which suggests that […]

07 Nov 2018

myprosperity launches Kwidz to help foster financial literacy education for Australia’s next generation Financial app helps advisers attract and retain the next generation of clients

From myprosperity

A leading wealth portal, myprosperity has launched Kwidz, a financial literacy app geared to help advisers bridge the generational gap that currently exists in household finances. The app introduces children, aged eight and up, to the key concepts of personal finance, helping them set savings goals, view spendings and track success. “We are excited to […]

02 Nov 2018

How one financial planner’s cultural change is helping tackle Australia’s debt problem

From Moneysoft

How one financial planner’s cultural change is helping tackle Australia’s debt problem Financial planners are helping to tackle Australia’s escalating debt problem as the industry shifts from selling products to providing holistic advice with money management at its core. Australia’s household debt-to-income ratio has risen sharply in recent years and now ranks as one of […]

30 Oct 2018

Millennials score low when it comes to credit awareness

From ARCA - Australian Retail Credit Association

Australian millennials have a lower understanding of credit than older generations, according to research from consumer education website, CreditSmart. A huge 44% of millennials are unsure of the difference between a credit score and a credit report, and over half are unaware of what a lender looks for in a credit report. The study revealed that […]

26 Oct 2018

Complicated products have owners manuals, why don’t ours?

From Tony Vidler - Adviser to the Advisers

Let’s face it: our products are complicated as far as clients and prospects are concerned. The funny thing is, nearly all of the products we buy are pretty complicated these days. Even though we men folk tend to ignore them to begin with, most of the complicated products come with explanations about how they work […]

02 Oct 2018

Big data reveals the suburbs where Australia’s wealthiest and poorest retirees live

From Milliman

The Melbourne area of Stonnington is home to Australia’s biggest spending retirees, according to the latest Milliman Retirement Expectations and Spending Profiles (ESP) report. The average annual expenditure of Stonnington retiree households is $56,711, which is two-thirds higher than the national average ($33,943), with more expenditure directed towards discretionary areas such as leisure. The area […]

20 Sep 2018

Australian women in the dark about their credit history

From ARCA - Australian Retail Credit Association

Australian women are missing opportunities to optimise their credit health and make themselves look good to lenders, according to research from consumer education website, CreditSmart A huge 89% of women are unaware of changes currently happening in the credit reporting system, and a third of these feel the changes will not impact them in any […]

07 Sep 2018

Philanthropic giving via a Public Ancillary Fund

From Profile Financial Services

A PuAF is a communal tax exempt philanthropic trust that enables a number of donors to establish and name a ‘sub fund’ under the broader PuAF structure. With a sub fund, the donor does not need to worry about the trustee obligations and responsibilities associated with a Private Ancillary Funds (PAF) and can put their […]

02 Aug 2018

MYOB survey reveals 1 in 4 small business owners not making any superannuation contributions

From MYOB

MYOB’s latest survey has highlighted the burden of superannuation and EOFY tax payments on small business owners. Many struggle to make payments due to cashflow issues and are forced to prioritise tax payments in lieu of superannuation contributions and future financial security. Small businesses sacrifice future financial security as they prioritise tax over super Superannuation […]

02 Aug 2018