ASIC to launch tools for first time financial decisions

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The Australian Securities and Investments Commission (ASIC) will launch today new tools to help 16 – 25 year olds keep their finances in check. ASIC’s MoneySmart Rookie education initiative aims to help prepare young Australians for first time financial decisions. Resources cover a range of topics including buying a car, credit contracts and debt, and

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ASIC’s MoneySmart releases new reverse mortgage calculator

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ASIC has launched a new reverse mortgage calculator on its MoneySmart website. Robert Drake, ASIC’s Senior Executive – Financial Literacy said, ‘The calculator is a great tool if you or someone in your family is considering a reverse mortgage. It allows you to test ‘what if?’ scenarios and to understand the financial implications before you

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How can your clients keep track of their spending?

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ASIC’s 2012 spending clock estimates the average Australian household will spend $69,166 on general living costs in 2012. This amounts to $1,290 per week [1]. Yet only 54% of people know exactly what their money is spent on [2]. This information supports the release of ASIC’s new suite of tools to help Australians track where

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Survey findings support need for financial literacy in schools

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RaboDirect, the leading online savings and investment bank, announces its support of the government’s Moneysmart Teaching Primary Package, launching today in Adelaide. A recent national survey conducted by RaboDirect revealed just how real the need is for financial literacy to be taught in schools, with Gen X and Baby Boomers outed as the generations currently

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ASIC to launch consumer and financial literacy package for primary teachers

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ASIC will join teachers and education leaders this week for the launch of the MoneySmart Teaching Primary professional learning package – a new resource to help teachers deliver consumer and financial literacy education in schools. ASIC’s MoneySmart Teaching Primary package will be unveiled in Adelaide this Thursday (9 August) at a national MoneySmart Teaching conference

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Your clients can get a MoneyStart start to 2012

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ASIC’s MoneySmart website has a new budget planner to help people start 2012 with a fresh financial outlook. MoneySmart’s Delia Rickard said: ‘Getting out of debt and getting sorted financially are top new year’s resolutions for many people this year. Our new budget planner can help new year resolutions come true – it reveals exactly

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ASIC warns consumers about hybrid securities and notes

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ASIC today urged consumers to ensure they understand the conditions and risks of hybrid securities and unsecured notes before committing their money. With considerable volatility in equity markets, many investors are looking for alternative investments, including debt and fixed interest securities. However, some of these alternatives need close scrutiny before the decision to invest is

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MoneySmart says check your insurance cover

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ASIC’s consumer website, MoneySmart, is encouraging people to check they have appropriate insurance cover. The Bureau of Meteorology predicts a high risk of tropical cyclones this summer . The long-term average is twelve cyclones each season. There is also the ever-present risk of bushfires. ASIC’s Senior Executive Leader Financial Literacy, Delia Rickard said, ‘To check

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MoneySmart named best government website

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ASIC has announced its MoneySmart website has been named the best government website at the Australian Web Awards on 12 November 2011. The Australian Web Awards evaluates websites on criteria including visual design, content, user experience, accessibility and technical compliance. ASIC Chairman Greg Medcraft said: ‘Over one million people have visited the MoneySmart website since it

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AustralianSuper welcomes launch of MoneySmart.gov.au

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Website will support consumers to make better financial decisions AustralianSuper today announced its support for ASIC’s new personal finance website MoneySmart, launched this afternoon by the Prime Minister, Julia Gillard. MoneySmart aims to help people make good financial decisions by providing free, independent and unbiased information, tools and motivation and is a key part of

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