Rethinking the adequacy of retirement planning

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When taking into account the costs of aged care, the current retirement planning approach taken by many advisers may fall short of predicting the real retirement income needs and leave clients with significant shortfalls. Financial planners need to adapt their approach to retirement planning to ensure their service meets the real needs of their clients. […]

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Federal Budget 2017 analysis

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The Government handed down the 2017 Federal Budget on 9 May. It is no surprise that the main focus of the Budget was to address the issues of affordable housing and job growth. After the massive overhaul of superannuation in last year’s Budget, no further changes were announced this year apart from the opportunities for […]

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A Super chance to talk aged care

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Over the coming months financial advisers will meet with most of their clients to explain the changes to superannuation that take effect from 1 July 2017, to discuss the impact on each client individually and determine actions they need to take. We strongly recommend that advisers use this opportunity to broaden the conversation to include […]

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Aged Care Steps reaches the milestone of training 1,000 professionals

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Increasingly, advice professionals are building their knowledge and skills to deliver effective aged care solutions for clients. Louise Biti, Director at Aged Care Steps said “We are proud to celebrate the milestone of training 1,000 professionals on aged care”. Our Accredited Aged Care ProfessionalTM program in particular has given professionals the confidence to provide aged […]

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The aged care client value proposition is key to business success

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Organising a move into residential aged care is a stressful and emotional time for an older person and their family. Building an advice service model that enables clients to outsource some of this stress is key to an adviser’s success. “Overwhelmingly, people helping their parents with a move into care will be struggling with a […]

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Infographic: Trends and opportunities in aged care advice

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The ageing of the population is one of the major forces shaping the demand and delivery of financial advice.  This ageing tsunami has long been touted as one of the key economic and social driver affecting Australia over the long term.  This has been reinforced by the recent intergeneration report. This infographic demonstrates the repercussions […]

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New aged care rules boost the advice opportunities for professionals

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Organising a move into aged care is a stressful and emotional time for an older person and their family. The new aged care rules that came into effect on 1 July are likely to increase the confusion for clients and their families. “Clients are more likely to need advice to navigate through the new rules, […]

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Negotiating aged care accommodation bonds – December 2013 update

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This is an update of an article last updated in July, 2013. This update addresses recent changes in legislation. Too often articles and information published on aged care focus on how to reduce the accommodation bond. Many clients (and their families) will also express a reluctance to pay the high bonds required. The opportunity to […]

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Aged care awareness essential for advisers

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Financial advisers need to arm themselves with aged care strategies in the new year, as the holiday period is likely to prompt clients to question the care needs of their ageing relatives and the financial impacts of this care, says Aged Care Steps (ACS). “Christmas is a time when families catch up. Adult children may not have seen […]

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Negotiating aged care accommodation bonds – July 2013 update

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This Article was updated on December 17, 2013 – To view the update click here. Too often articles and information published on aged care focus on how to reduce the accommodation bond. Many clients (and their families) will also express a reluctance to pay the high bonds required. The opportunity to initially agree on a low bond […]

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