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Showing 11 - 20 of 196 results for "Millennials"

AIOFP partners with fintech firm to offer white-labelled digital advice

ANDREW MCKEAN  |  WEDNESDAY, 9 APR 2025
... out of receiving comprehensive advice, including non-advised clients with low balances, insurance-only clients, and millennials. In a statement, the fintech said its solution will allow for AIOFP member AFSLs to offer a fully white-labelled digital solution ...

Aussies need help to navigate the great wealth transfer: Fidelity

MATTHEW WAI  |  FRIDAY, 4 APR 2025
... the great wealth transfer, with over one-third (35%) expecting to inherit over $500,000. Comparatively, only 20% of Millennials, aged between 29 and 43, are expected to receive this level of inheritance. The number drops to 13% for Generation Z, aged ...

SMSF sector continues to grow

ELIZA BAVIN  |  FRIDAY, 21 FEB 2025
... an increase from Millennial SMSF investors, up 9.8% year-on-year. The report found this was mostly driven by male millennials. By contrast, there was a year-on-year decline in new Generation X female SMSF accounts. On the self-directed side, Generation ...

Gen X remains the largest cohort in SMSF establishments: Class

MATTHEW WAI  |  WEDNESDAY, 19 FEB 2025
Generation X and Millennials collectively drove about 85% of new self-managed superannuation fund (SMSF) establishments for the six months to 31 December 2024, according to a new report from Class. The total value of the net assets administered on Class ...

ETFs, global equities dominate retail portfolios: Data

MATTHEW WAI  |  TUESDAY, 21 JAN 2025
... displayed through data highlighted by nabtrade, NAB's trading platform, revealing that a substantial portion of Gen Z and Millennials have invested in at least one ETF and are actively engaged in the 'buy the dip' strategy. Around 25% of Gen Zs' investments ...

Cost-of-living worries drain retirement confidence: MFS

KARREN VERGARA  |  TUESDAY, 17 DEC 2024
... are very confident that their savings and assets will provide sufficient cash flow throughout retirement. Among the Millennials surveyed, many turn to their super fund for advice as well as financial publications. Almost one-in-five Gen Xers (aged between ...

'Alarming' figure in retirement research

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
... for their retirement without compulsory superannuation, according to a new survey from AustralianSuper. A third of Millennials (33%) and Gen X'ers (32%), as well as nearly one-in-five Boomers (19%) reported they would have between zero and $10,000 ...

Super funds fail to meet millennial members' expectations: ASIC roundtable

ANDREW MCKEAN  |  MONDAY, 2 SEP 2024
... commentator Effie Zahos, agreed that the current language and approach to superannuation is outdated and disengaging for millennials. The panellists agreed that terms like "retirement planning" and "pensions" don't resonate with millennials, who've ...

Financial services experiencing 'workforce transformation'

ELIZA BAVIN  |  MONDAY, 12 AUG 2024
... they bring and the challenges they faced during COVID. "The industry's workforce is in a state of transformation as millennials continue to climb the ranks, stepping into leadership roles at greater rates, bringing with it the challenges and opportunities ...

Young, bullish online investors drive trading: Survey

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2024
... to a new survey. The latest Investment Trends Online Investing Report finds that Zoomers (18- to 24-year-olds) and Millennials (25- to 39-year-olds) are dominating trading platforms. Zoomers now comprise 31% of participants surveyed in the first half ...