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Showing 81 - 90 of 176 results for "Millennials"

Millennial super products still just hype

KANIKA SOOD  |  WEDNESDAY, 12 JUN 2019
Millennials control $130 billion of superannuation money but most products pitched specifically at them have been slow to take off, new Rainmaker research shows. Australia had 19 superannuation products designed for millennials and marketed as app-based ...

Compulsory super detrimental: Research

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 MAY 2019
... homeowners have approximately nine times the net worth of non-homeowners, Cowan writes. Using that statistic, CIS suggests millennials would be better off with a home in retirement than with a super balance. The paper argues that Australians can be comfortable ...

FCA stokes intergenerational wealth debate

HARRISON WORLEY  |  THURSDAY, 23 MAY 2019
... the "changing needs of the different groups within and between generations". "From Baby Boomers to Generation X to Millennials - everyone's financial needs and circumstances are evolving. It is clear each generation will have its own challenges," FCA ...

Spaceship searches for new chief

KARREN VERGARA  |  TUESDAY, 21 MAY 2019
... Spaceship launched in 2017 under Tidswell Financial Services' Master Superannuation Plan with the aim of engaging millennials. Atlassian co-founder Mike Cannon-Brookes and AirTree Ventures partner Daniel Petre also back the fund. It currently manages ...

Call for super funds to divest gambling interests

ELIZABETH MCARTHUR  |  FRIDAY, 10 MAY 2019
... and general welfare." Research conducted by the Responsible Investment Association of Australia showed that 86% of millennials and 73% of baby boomers want their super funds to invest in responsible companies and 90% of investors in general believe that ...

Financial adviser salaries revealed

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2019
... They do not take into account potential bonuses. In regards to determining salaries for young advisers, Kaizen said millennials are looking for work-life balance and personal development. This is in comparison to baby boomers who search for stability ...

Younger HNWs splashing on art

KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
... high-net-worth individuals loosen their purse strings to buy more readily than the old guard, says a new UBS report. Millennials accounted for almost half of the total high end spending on art in 2017, according to the 2018 Art Basel and UBS Global Art ...

AUM growth subdued to 2025: Bloomberg

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
... growth. Other negative factors worrying asset managers were the trade wars, Brexit and the changing savings habits of Millennials compared to the Baby Boomers. Over the shorter term, compliance costs are set to increase for 20% of asset managers. While ...

VicSuper updates digital advice offering

HARRISON WORLEY  |  TUESDAY, 22 JAN 2019
... driving behavioural change was one of its long term objectives, pointing to Roy Morgan research that shows 7.4% of millennials surveyed access professional financial advice - 9.7 percentage points below the average of all age groups. However since July ...

Corporates can help solve retirement issue: BlackRock

JAMIE WILLIAMSON  |  FRIDAY, 18 JAN 2019
... huge impact on the US$24 trillion global wealth transfer tipped to occur in the coming years from baby boomers to millennials. In closing, Fink referenced a recent move by BlackRock to reduce its global workforce, cutting 500 jobs. "We recognise that ...