Women’s financial progress hit by early impact of COVID-19

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Australian women are bearing the brunt of the initial economic impact of the Coronavirus (COVID-19) pandemic as job cuts start to mount. The scorecard of women’s financial progress, the Financy Women’s Index, recorded its weakest start to a calendar year since 2015 and rose by just 0.4 percentage points to a revised 71.3 points in... Read more continue reading

AMP releases good money habits guide for kids and parents

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AMP has released an educational e-book to help teach children good habits in money and finance. Good Money Habits for Life is designed to assist parents and grandparents to pass on positive lessons and behaviours. The e-book shows the key beliefs and attitudes that make a difference to how well we manage our money such as... Read more continue reading

MyState Bank calls for Australians to be extra vigilant amidst growing COVID-19 scams

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MyState Bank are urging Australians to exercise more caution online, with the risk of individuals falling victim to criminal scammers significantly heightened since the outbreak of COVID-19 (Coronavirus). MyState Bank General Manager of Digital and Marketing, Heather McGovern, said the current environment is ripe for criminals looking to exploit the fear and anxiety around the... Read more continue reading

80% of Aussies worried about the economic impacts of Coronavirus

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New research from comparison site Mozo has found that 80% of Australians are worried about the economic impacts of Coronavirus, with one in five particularly vulnerable, having no savings as a safety net if they found themselves unable to work. Simply put, many Australians cannot afford to ‘not’ work. Nearly half of Australians (47%) said... Read more continue reading

Bank of Mum and Dad contribution up 41% in last two years, lending a total of $92 billion in property assistance

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Key Points: Bank of Mum and Dad is Australia’s fifth biggest lender, after the Big 4 Banks $92.3 billion lent to children to help them onto the property ladder, with 59% of parents not expecting repayment Nearly half of parents cutting expenses or delaying retirement in a bid to get their children on the property... Read more continue reading

Almost half of women would struggle financially in relationship breakdown

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Almost half (44.1%) of Australian women say they would not be financially stable if their relationship or marriage were to end tomorrow, new research from Fidelity International reveals. This compares to 29.7% of men. Women are also vulnerable when it comes to job security with one in three (34.5%) saying they could only manage for... Read more continue reading

CPD: The changing nature of work in Australia, implications for advisers and the broader protection ecosystem

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Introduction As professional service providers, it is vital (and legally required!) for financial advisers to understand each of their clients at a highly detailed micro level. This detailed understanding – of their current situation and future goals – is an enabler of quality, personalised financial advice. As business owners, seeking to maximise the sustainability of... Read more continue reading

Australian couples need to work together on their finances to reduce stress, reveals MyState Bank research

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Money is driving conflict, secrets and stress among Australian couples, according to new research from MyState Bank, which is urging all Australian couples to devote more time to working together on their finances this Valentine’s day. The Love and Money Survey was commissioned by MyState Bank and surveyed over 1000 people in a relationship. While 62% of... Read more continue reading

How understanding preventative health can help you provide better financial advice

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At present, Australians are spending well over $180 billion annually on healthcare and only 1.34% of that amount – or just over $2 billion annually – is spent on reducing health risks and preventing conditions each year[1]. Preventative health plays an important role in people’s overall wellbeing, and the rising rate of preventable conditions means... Read more continue reading

Australians not feeling supported by the retirement funding system

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Household Capital, an independent, specialist retirement funding provider has completed its submission to the Retirement Income Review in response to the government’s consultation paper released in November 2019. The purpose of the Retirement Income Review is to ascertain the degree to which retirees are supported by the three pillars of Australia’s retirement system; superannuation, the... Read more continue reading