Planning to bridge the aged care gapBY CHRISTOPHER PAGE | THURSDAY, 4 AUG 2011 12:55PM Australia's ageing population is about to explode. Currently the ratio of working Australians to those retired is 5 to 1 and by 2050 it will be 2 to 1. The proportion of the population ... Upgrade your subscription to access this article
Join the growing community of financial advisers
with unlimited access to our latest news, research and analysis of the industry.
Become a premium subscriber today. |
Latest News
Firms rebuffing AFCA determinations should be named: FAAA, professional bodies
|The Financial Advice Association Australia (FAAA) and four other professional bodies are urging the Australian Financial Complaints Authority (AFCA) to name and shame financial firms that fail to follow through on a determination as more than 60 have failed to do so.
Inheritance dissatisfaction an advice opportunity: Report
Most high-net-worth (HNW) inheritors are unhappy with how they have used their inherited capital, presenting an opportunity for financial advisers.
Link Wealth acquires boutique advice firm
Link Wealth's national expansion is continuing to progress, acquiring financial advice firm Xponential Advisory a few months after taking a majority stake in Sky Advisers.
AIOFP, FAAA encouraged by first meeting with Mulino
Following their inaugural meeting with new financial services minister Daniel Mulino, the Association of Independently Owned Financial Professionals (AIOFP) and Financial Advice Association Australia (FAAA) feel enthused about the impact he will have on the profession.
Further Reading
Cover Story
Moving mountains
MAGDELINE JACOVIDES
FOUNDER AND FINANCIAL ADVISER
MAZI WEALTH
FOUNDER AND FINANCIAL ADVISER
MAZI WEALTH
On top of running a successful practice, Mazi Wealth founder Deline Jacovides is a fierce advocate for closing the superannuation gender gap and has built a highly popular social media presence that takes financial literacy to the next level. She tells Karren Vergara where her passion comes from and how she integrates it all with family life.
Expert Feed
The need to achieve real scale in advice - and serve all Australians
One of the great social challenges in financial services today is the millions of everyday Australians who want and need financial guidance but cannot ...
Are US assets becoming less desirable?
There has been so much commentary, including by us, on the twists and turns of US trade policy - notwithstanding the latest 90-day truce with China - ...
Listed private equity: A strategic opportunity amid global market dislocation
The sharp escalation in global trade tensions in 2025 has injected a fresh layer of volatility into capital markets.
How to manage the rise of 'early' inheritances
For decades, financial advice around wealth transfers has largely focused on estate planning and the distribution of assets after death. However, a significant ...
One of the key challenges to advising people entering into Aged care is a lack of knowledge in the community of how the system works. We need to educate clients about the current system so they are mentally and financially prepared when the time comes. We also need to consider a financial product that will allow an investor to provide now for their aged care without impacting on their Centrelink/DVA entitlements (similar to a deferred annuity). Forewarned is for forearmed.
Hi Geoff, Thanks for your comment. Do you know of any product or service at the moment that does address this aged care/centrelink entitlements dilemma? it's a fair point.
Excellent comment. I think the government should be proactive in creating such a product with an exemption for Centrelink rules to encourage people to tuck some away for aged care. Although this would need to be tied to reforms as to how aged care is funded... People will not take this up if they end up having to pay more than the person who didnt save.