Advice

Two reports highlight the fact that trustees getting professional advice enjoy better returns due to more diversified portfolios and exposure to overseas markets – particularly the US.

While the international benchmark price of crude and the Australian dollar are the key factors in determining the price of petrol, there are still steps that can be taken to lower the cost of filling up the family car.

While two reports highlight a fall in those seeking professional input into managing their financial affairs, the irony is that client trust in advisers has never been higher.

As people age, a balanced diet becomes all the more important. So, seeing a nutritionist on a regular basis can be as crucial as a regular medical check-up to maintain good health and well-being.

A one-day conference will offer some concrete steps for those heading into or in retirement already about how they can enjoy their golden years – whether it be their health, well-being, relationships or social engagement.

With June 30 rapidly approaching, retirees need to closely review the past year – especially from a tax perspective – and begin their planning for the coming year.

It’s a lesson many in their retirement years need to learn – how to stop worrying about making money and start learning how to enjoy it.

It was the father of medicine, the Greek Hippocrates, who famously said “let food be thy medicine and medicine be thy food”. For retirees, that’s advice well worth heeding.

Many retirees are attracted to the notion of self-managing their nest eggs – a bid to find self-worth in retirement. It can be a poor choice.

To fill Australia’s financial advice gap and empower better financial and retirement outcomes for millions, the government’s plan will create a “new class of advisers” from the institutional ranks to provide simple advice to customers. Industry groups have applauded the move.

An annual survey of high-net-worth investors shows an increase in the richest Australians over the past year, even as the share of those receiving financial advice has fallen. With the largest intergenerational transfer of wealth in history on the line, a better-aligned approach may be needed.

With higher interest rates and inflation upending investment dynamics, advisers say they’ve already begun transitioning their clients toward fixed income and defensive assets following a long period when duration didn’t have much to offer.