Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 228 results for "millennial"

ATO cracks down on crypto

ANNABELLE DICKSON  |  MONDAY, 31 MAY 2021
The Australian Taxation Office is cracking down on cryptocurrency investors to report capital gains and losses in their tax returns after fears investors may think they are tax-free. The ATO estimates that 600,000 taxpayers have invested in crypto assets ...

What Gen Z think about investing

ELIZABETH MCARTHUR  |  TUESDAY, 25 MAY 2021
New research from Vanguard has revealed what the TikTok generation think about investing, and it turns out they are highly motivated. Generation Z, defined as those born between 1997 and 2009, were found by the survey of more than 1000 Australians to ...

Generational wealth gap continues to widen

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
The children of those in their 40s, 50s, and 60s are likely to be significantly worse off financially than their parents, with the intergenerational wealth gap only widening. Speaking at the Conference of Major Superannuation Funds, Taylor Fry principal ...

How advisers can capture young risk clients

KARREN VERGARA  |  WEDNESDAY, 14 APR 2021
... complexity and their lengthy application processes act as a deterrent for many would-be customers." In capturing the Millennial market, the first step is using different channels like social media, podcasts, review sites and YouTube is much more likely ...

Not-so-Zuper: Super disruptor folds

JAMIE WILLIAMSON  |  MONDAY, 22 MAR 2021
Having failed to reach sufficient scale, the millennial superannuation fund will close its doors next month. Closed to new members as of March 10, existing Zuper members have now received word that the offering will cease to exist from April 30 - just ...

Raiz expands to SMSF market

ANNABELLE DICKSON  |  FRIDAY, 19 MAR 2021
... member and adviser demand coupled with the opportunity in its 30,000 clients aged 50 or over. "People think of Raiz as a millennial tool but it's not. It's cost effective and it's easy to use. We do the reporting, give a daily contract, a monthly ...

Women don't own fair share of super

ELIZABETH MCARTHUR  |  TUESDAY, 9 MAR 2021
... Rainmaker found that super's gender inequality is present at all stages of a woman's working life. Women make up 50% of millennial super accounts, yet their account balances represent only 43% of the age groups respective funds under management. Women ...

Women-led super funds outperform

KARREN VERGARA  |  MONDAY, 8 MAR 2021
New research shows superannuation funds with females holding an executive position continue to outperform male counterparts. Of the 50 super funds analysed in Rainmaker's annual W-Index, one-third of leadership roles such as chairs of the board ...

Superhero to launch super fund

KARREN VERGARA  |  MONDAY, 14 DEC 2020
Online trading platform Superhero will go after the $2.9 trillion superannuation market, launching an APRA-regulated fund in early 2021. While the super fund is open to everyone, it is eyeing members with an average age of 30 with a minimum of $10,000. ...

Spaceship delivers for millennials

KARREN VERGARA  |  TUESDAY, 3 NOV 2020
Spaceship is the best-value superannuation for younger members, which, based on new research, is outperforming its competitors by a long shot. Rainmaker's newly-released June 2020 Benchmarking report found Spaceship outclassed its peers in terms ...