Sean McCormack

The prudential regulator has made clear to a room full of the biggest super funds in the country that they are obligated to have a strategy that works for all members from high-net-worth to low balance members. The message to the Conexus Retirement Conference was simple: outsourcing to external advisers will not fulfill their Retirement Income Covenant obligations. Margaret Cole Simone Constant The Conexus Institute #conexusretirementconference #retirementincomecovenant #apra #asic #retirement #financialadvisers #financialplanning #financialservices

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Australian household wealth has hit a new record, growing for the seventh straight quarter. In the June quarter, wealth rose by 1.5%, reaching $16.5 trillion, mainly driven by property values, according to the ABS. 💸 Household wealth is now 9.3% higher than a year ago, with residential land and homes contributing to the bulk of this growth. According to Dr. Mish Tan from the ABS noted that despite high interest rates, house prices keep rising across most states due to limited housing supply and increased investor activity. 🏘️ Property assets now make up 68% of total household wealth, reaching $11.22 trillion by June 2024. While property has boosted wealth, experts like Tim Keith of Capspace suggest Australians should diversify their investments to reduce risk, especially as house prices in Sydney and Melbourne start to weaken. 💰 Households also hold $1.72 trillion in cash and $3.94 trillion in superannuation assets 💰 #AustralianWealth #PropertyMarket #InvestmentStrategy #HousePrices #WealthDiversification #Superannuation #CashSavings #PrivateCredit #FixedIncome #PropertyInvestment

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Confused about Private Medical Insurance? Why do I need it, and what is it all about? We can clear things up for you. Private medical insurance in New Zealand offers valuable benefits to you and your family, including the following: 1. Shorter Wait Times: Reduced waiting times for elective surgeries and specialist consultations. While New Zealand's public healthcare system provides comprehensive care, it can sometimes involve long wait periods for non-urgent procedures. 2. Access to a Wider Range of Services: Often covers services that may not be fully covered by the public system, such as physiotherapy, dental care, and alternative therapies. 3. Choice of Specialists and Hospitals: With private insurance, you typically have more freedom to choose your healthcare providers, including specialists and hospitals. This can be particularly beneficial if you prefer to see a specific doctor or receive treatment at a particular facility. 4. Advanced Treatment Options: Private insurance can provide access to newer or more advanced treatment options that might not be readily available in the public system. This includes access to the latest medical technologies and medications. 5. Complementary Coverage with ACC: The ACC provides coverage for injuries resulting from accidents. However, the ACC does not cover illnesses or non-accident-related medical conditions. It can cover elective surgeries, specialist consultations, and ongoing treatments for chronic conditions. By having both ACC and private medical insurance, individuals can ensure they are covered for both accidental injuries and other health issues, providing a complete safety net. We're here to guide you through the options. https://lnkd.in/gjzcTK_B Questions? 👨‍💼 Speak to us. Duane Dormehl- 022 588 4302 Juan Crafford- 027 343 6964 Chris Coetzee- 022 127 1524 [email protected] https://www.dormfin.co.nz    #HealthCoverage #InsuranceExplained

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Tradies encounter risks and challenges everyday and the right insurances is often overlooked. With so many types of insurance available for tradies, it can be challenging to figure out what cover you need for your individual risk. Click on the link below to find out more #tradies #insurance https://lnkd.in/gEFWiRj4

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"By 2021, Coles Financial Services had around 350,000 home, car, and landlord insurance policyholders. However, in the annual reports for 2022 and 2023, Coles no longer highlighted its insurance segment. Over a decade, Coles reached 350,000 policyholders. It’s not our place to judge whether this is good or bad due to lack of information around opportunity costs, customer acquisition costs (CAC), etc., but knowing the numbers helps set proper expectations." - Coverager® 🐿️ Research - June 2024. Timely. As IAG, the current insurer for Coles, is making room for Auto & General. Link to our research in comments. #EmbeddedInsurance

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Broker Spotlight: Meet Aimee Henderson In our latest Broker Spotlight, we’re excited to feature Aimee Henderson, Operations Manager at Grace Insurance and a previous state finalist for the NIBA WA Broker of the Year award. Watch this inspiring video in which Aimee shares how her career in insurance broking aligns perfectly with her passion for helping people daily. From her beginnings to becoming a leader in the field, Aimee’s journey is one to watch! Watch the full video here and discover the possibilities of a rewarding career in insurance broking. Curious about what a future in insurance could hold? Learn more at Insure Your Future. #InsuranceCareers #BrokerSpotlight #NIBA #InsuranceBrokers #CareerJourney #InsureYourFuture

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Australians don’t think of insurance as an investment, viewing it a secondary measure of financial security behind saving and investing, according to research from Investment Trends. The research found consumers will prioritise branding over premium costs or advice services, justifying insurers’ large marketing budgets in a tight cost of living environment for consumers. Irene Guiamatsia #financialservices #financialadvisers #financialplanning #lifeinsurance #riskadvice

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As the backbone of the Australian economy, small businesses play a crucial role in driving growth and innovation. However, navigating the complex landscape of insurance can be daunting for these entrepreneurs. In this article we discuss some of the key person risks of a business and how you might decide to mitigate them. Read more below. #Insurance #FinancialPlanning #SmallBusiness #KeyPerson #BusinessSuccess #FinancialSecurity

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Get covered for your businesses’ important assets. Mercurien Commercial Car Insurance provides cover for when it matters, like after theft*, attempted theft*, accidental damage*, malicious damage* and more! Get a quote for Commercial Car Insurance now at qikio.com.au Commercial Motor Insurance is distributed by Mercurien Insurance Pty Ltd. Mercurien acts under a binding authority on behalf of Assetinsure Pty Ltd. Australian Insurance Company is authorised by Mercurien to arrange for the issue of this insurance. AIC has appointed Qikio as its AR to exercise this authority. Neither AIC, Qikio or Mercurien consider your objectives, financial situation or needs. AIC and Qikio provide general advice only. Prior to purchasing, consider the PDS, FSG and TMD: qikio.com.au/documents Jayde Mulholland Luke Calderon Andrew Carey Josh Payne #Qikio #CommercialInsurance #BusinessProtection #StayCovered #InsuranceAustralia

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We know most SME’s look at #EOFY as their time to pay the Tax Man 💲 ... but did you know it's also peak season for #Brokers to ensure that you have the right insurance cover in place for your business? If you haven't had a chat with your broker lately, it's probably time to ask why 🤷‍♂️ . With #Gallagher brokers nationally supporting over 125000 small to large businesses in all #industries, professional expertise is just a conversation away 😁 . #Insurance #Broker #ProfessionalExpertise #financialservices #relationships #EOFY #lookingoutforSME's Glenn Kemp William Unger Paul Broughan Natasha Jackman Bianca Prewer Molly Jacob Linda Johnson Mike Williams Kate Davis Leanne Gracias

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Insurance in an SMSF should line up with a fund’s overall investment strategy and be reviewed every 12 months, says an industry expert. https://bit.ly/40mVamq

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Hey Millennials and Gen Xers...Default insurance in Super doesn't ensure you are adequately covered!! In this edition of "Pizz-Spectives" we highlight the importance of insurance for Millennials & Gen Xers for debt management, family protection, lifestyle maintenance and peace of mind.... Rob Pizzichetta #financialplanning #financialadvice #superannuation #lifeinsurance #incomeprotection #montwealth

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TPD insurance is an insurance product that is often (but not always) held in your super account. This leads many people to be concerned that claiming a TPD benefit will impact on their superannuation money. However, claiming a TPD benefit will not usually impact your superannuation account balance. This article explains why this is the case. https://bit.ly/3RdPDcG #supertpdclaims #tpdlawyers #nowinnofee

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