When most people hear the words ‘kids’ banking’, they think of school banking programs. That’s fair enough; after all, school banking has been a thing since the early 20th century. If it’s been a little while since you (or your …
Imagine if you could get your youngest customers more on board with your offerings from an early age. If you’re a super fund, imagine getting that elusive 15-21 year old bracket to engage with their super (with your fund, naturally) …
When clients come to Money101 to discuss a potential financial education program, they’re often looking for a solution to a relatively short-term problem. For example, a super fund with a statistically average customer lifetime (under 10 years) might be looking …
Here’s a startling stat: over a third of Aussies learn about personal financial management for the first time when they’re an adult[i]. Many of those people have reasons about why they haven’t taken the reins and learned how to make …
Every time financial literacy statistics hit the headlines, we see the same kind of question: ‘why aren’t we teaching financial literacy in schools?’ It’s a fair enough question. After all, many young people start managing at least some of their …
Would you be surprised to learn that the overwhelming majority of advisers think financially literate clients could positively impact their business? Getting clients to actually ‘understand, value and accept’ financial advice is a major hurdle for the profession, but recent …
The financial planning process is a lot like an athlete training for a gold medal. Coaching, hard work, determination, riding the ups and downs, and modifying the plan to get to the prize at the end.
A research report from CoreData has revealed that three in five Australian women in relationships are vulnerable to financial abuse due to their lack of financial literacy and, in turn, their financial independence. The survey defined financial abuse as ‘the financial …
Insurance contracts are based on an implied duty of utmost good faith – everyone in financial services is aware of this. Put simply, it is a legal requirement for each party in an insurance contract to act towards each other …
Consumers who resort to payday loans are some of the most vulnerable borrowers out there and taking advantage of their desperation is reprehensible. Yet despite ASIC’s notification that payday lenders are under the microscope, we still read about situations where …
