How understanding preventative health can help you provide better financial advice

From

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

From

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

Investor sentiment remains grounded amidst rising markets: Investor Product Needs Report

From

Leading research firm Investment Trends has released its latest Investor Product Needs Report, an in-depth study of Australians’ investing behaviour and their use of various investment products. The study, now in its fourteenth year, is based on a survey of 7,933 Australian investors: Investor sentiment remains grounded amidst rising markets As we enter a new... Read more continue reading

Fidelity research highlights the importance of personal finance in overall wellbeing

From

The mental health, family life and physical health of a large proportion of Australians are being adversely affected by financial issues, new research from Fidelity International has revealed. Fidelity International’s ‘The Value of Advice’ report, based on a survey of 2,000 Australians, aims to take a pulse of Australia’s financial and overall wellbeing and highlight... Read more continue reading

Parents call for greater education to help children navigate cashless society, says MyState Bank

From

As Australia heads towards a digital world, Australian parents are concerned about the impact a cashless society would have on their children, with 67% believing the shift to digital will leave their children financially worse off, according to new research from MyState Bank. MyState Bank says a ‘cashless society’ refers to a society where cash... Read more continue reading

Four in ten Aussies expecting to use credit to pay for their Christmas budget blowout

From

According to new research by consumer education website, CreditSmart, more than 40% of surveyed Australians said they would rely on credit to help them with their festive budget blowout this year. Asked whether they are likely to spend more than they budgeted for this year, 1 in 3 expect their additional expenses to be  less than... Read more continue reading

Sky high trust and satisfaction rates from retirees in an advice relationship: New research

From

The positive impact of expert financial advice on the confidence of a person about to enter or in retirement must never be underestimated. In fact, more can be done to help educate and guide a greater proportion of non-advised Australians to receive the knowledge, confidence and satisfaction levels of those already in an advice partnership.... Read more continue reading

Inequalities continue to hinder financial progress of Australian women

From

Australian women made further financial progress in the September quarter but continue to be held back by a 193-year wait for gender equality in unpaid work. The latest measure of women’s progress the Financy Women’s Index rose 0.6 points to 124.8 points in the September quarter, from a revised 124.2 points in June 2019. The... Read more continue reading

Schroders Global Investor Study: Sustainable investment ambitions fail to reflect actions

From

The proportion of people who are investing sustainably is significantly lagging those who are interested and would like to invest, indicating that a gap exists between investors’ intentions and their tangible actions, according to the latest Schroders Global Investor Study 2019. The survey of over 25,000 investors across 32 locations around the world has found... Read more continue reading

Helping one of your children with a home deposit

From

More parents are contemplating helping children enter the home market. Whilst the banks are starting to relax their lending criteria, with the now sky high prices of real estate in the major capital cities, the “Bank of Mum and Dad” is still very much in demand. But don’t just give them the money! There are... Read more continue reading