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Rising dementia rates to impact estate planning

As Australia’s population ages, the number of people who will be affected by dementia is a growing issue, and as well as the personal and emotional impact of dementia on both the individual and their family, there is also a practical consideration. “We are increasingly talking to people who have a parent suffering from dementia, […]

24 Nov 2017

Financy Women’s Index cuts through pay noise

From Financy Women’s Index

The Financy Women’s Index shows why we need to focus on data facts as we press for change on gender pay. The release of the latest Financy Women’s Index received increased media attention just as many high profile women and their supporters push for an end to the gender pay disparity in Australia. In an ABC Lateline exclusive, […]

30 Oct 2017

1 November law change: new intestacy laws grant automatic inheritance to surviving partners

From Rigby Cooke Lawyers

A significant change to an almost 60-year-old Victorian inheritance law is about to take effect. Partners will no longer share the inheritance (on the passing of a partner) with their children when their partner passes away without a will. Rigby Cooke Lawyers’ Special Counsel and wills & estates specialist Rachael Grabovic said the long-awaited amendment […]

27 Oct 2017

Intergenerational Advice Part 1: the opportunity worth chasing

From Zurich Life & Investments Australia

Like most developed countries, Australia is facing the challenge of an ageing population. It is estimated that by 2020 there will be more 65 year olds than one year olds in Australia, leading to a complete inversion of the “population pyramid”[1]. This will pose a number of economic problems as the pool of active, productive […]

16 Oct 2017

Household debt reaches the highest highs: are your clients covered?

From Zurich Life & Investments Australia

The decision by the Reserve Bank to leave the cash rate on hold for the eleventh month in a row has surprised few. Even more unsurprising may be the news that Australians’ level of household debt has reached historical highs, at 190% of disposable income. These two events are not unrelated. Everyone from the RBA […]

12 Oct 2017

Young family is $240,000 better off with financial advice

From Sunsuper

In a new report by one of Australia’s biggest super funds, Sunsuper has found that financial advice could help a young family enjoy more lifestyle choices and be $240,000 better off at retirement. Sunsuper commissioned CoreData to conduct research and modelling of milestones and scenarios to better understand the value that financial advice offers Australians […]

11 Oct 2017

Breaking down inequality: the different sex debate

From Adviser Intelligence

The equality theme is highly topical in our society today. Australians will soon learn the outcome of a postal vote on same sex marriage. Leaving out the politics, the ‘postal plebiscite’ is essentially a heightened version of another long-term, slow-burn societal discussion we need to have. By this I mean the debate around financial equality […]

06 Oct 2017

Intergenerational Advice Part 2: building your tribe

From Zurich Life & Investments Australia

In the first part in this Intergenerational Advice series, we looked at the threat of not having an intergenerational advice strategy – not just for advisers but also for clients, and the resulting risk of familial breakdown, lost assets and a dissipating client base. The fundamental lesson lay in tapping into the Gen X and […]

03 Oct 2017

Active Aussies most likely to keep finances in shape

From AMP Capital

A new study by AMP, a leading financial services organisation, has found Aussies who play sports regularly are 64 per cent more likely to achieve the majority of their financial goals, compared to those who don’t. In fact, unsporty Aussies are more than twice as likely to have no financials goals at all. The research […]

26 Sep 2017

Five good habits to build wealth

From Omniwealth

According to the Reserve Bank of Australia, the average Australian earns $1,164 per week or $60,528 per year. Then, the average Australian saves 4.70% of their income or $2,844 per annum. Not much. You do not create wealth by saving money. Yet, I see many people hesitant to invest in their own financial future because […]

22 Sep 2017