PERSONAL – AUSTRALIA

ANZ Roy Morgan Financial Wellbeing Indicator March 2024

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Original article by Roy Morgan
Market Research Update – Page: Online : 15-May-24

Financial wellbeing is the extent to which someone is able to meet all of their current commitments and needs comfortably, and has the financial resilience to maintain this in the future. The ANZ Roy Morgan Financial Wellbeing Indicator is reported as a 12-month moving average, with regular updates showing the changes in aspects of financial wellbeing across locations and for a range of segments in the community. The FWBI is a useful measure of how people are faring in their financial lives in Australia over time. This update examines how financial wellbeing changed in the December quarter of 2023 and year-on-year. While the financial wellbeing of Australians declined further in the December 2023 quarter, the quarterly decline was the smallest since March 2022. Indeed, the spot results show some improvement since June 2023 coinciding with the RBA (November excepted) leaving interest rates on hold during the September and December 2023 quarters. Download the full report.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Foreword – ANZ Roy Morgan Financial Wellbeing Indicator

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Original article by
Bluenotes – Page: Online : 16-Dec-19

The ANZ Roy Morgan Financial Wellbeing Indicator is a statistically robust snapshot of the personal financial wellbeing of Australians, reported as a 12-month rolling average every quarter. The indicator is derived from data gathered through the weekly Roy Morgan Single Source survey, which canvasses approximately 50,000 Australians annually. ANZ partnered with Roy Morgan Research to develop the indicator based on previous research conducted by ANZ on personal financial wellbeing in 2017. The result is an ongoing time-series measure of how Australians are faring financially.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, ROY MORGAN LIMITED

Boutique and robo models the new face of financial advice

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Original article by James Eyers, Elouise Fowler
The Australian Financial Review – Page: 17 : 21-Mar-19

Westpac CEO Brian Hartzer expects banks to focus on using automated solutions to provide personal financial advice in future, due to the high cost of providing such services. Hamilton Wealth CEO Will Hamilton agrees that so-called robo-advice may be the only option for banks if they are to continue to offer financial advice on a large scale. Hartzer adds that consumers will still be able to pay for bespoke personal finance advice via boutique firms.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, HAMILTON WEALTH MANAGEMENT PTY LTD, VIRIDIAN ADVISORY PTY LTD, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, BT FINANCIAL GROUP PTY LTD, KORDA CAPITAL, SIX PARK

Nearly three million Australians are ‘trusted advisors’ for finance and investment decisions

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 14-Jun-17

A Roy Morgan Single Source survey has found that 14% of Australians aged 14+ (2.96 million people) were asked by their friends or families for advice regarding their finances and investments in the year to March 2017. This large number of ‘trusted advisors’ has significant potential to influence the financial and banking decisions of the people who ask for their advice. The survey also shows that of the sixteen largest consumer banks, Citibank has the highest proportion of customers (25.2%) that are asked by friends or family for their financial advice. Macquarie Bank has the second highest proportion of customers who are asked for their advice (24.2%), followed by Heritage Bank (23.3%) and ING Direct (21.8%).

CORPORATES
ROY MORGAN RESEARCH LIMITED, MACQUARIE BANK LIMITED – ASX MBL, HERITAGE BANK LIMITED – ASX HBS, ING DIRECT, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, BANK OF SOUTH AUSTRALIA LIMITED, BENDIGO BANK, BANK OF WESTERN AUSTRALIA LIMITED

Assets back above pre-GFC peak

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Original article by David Uren
The Australian – Page: 4 : 5-Apr-16

Data from the Reserve Bank shows that the total value of Australians’ household assets compared with average household disposable income has risen above the high of 8.5 times recorded prior to the global financial crisis. This ratio declined to 6.8 times during the GFC. The figures also show that average debt comprises 21.6 per cent of the value of household assets, down from 23.7 per cent at the end of 2011.

CORPORATES
RESERVE BANK OF AUSTRALIA

Australians feeling "financially stable" but currently below pre-GFC levels

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 25-Jan-16

A Roy Morgan Single Source survey, which was carried out in the year to October 2015, has found that 60.4 per cent of Australians aged 14+ agree that they feel "financially stable at the moment". This compares with 61.2 per cent in the year to October 2007, prior to the global financial crisis, and 56.5 per cent in the year to October 2008. The survey also shows that 61.1 per cent of people who are customers of banks feel more stable regarding their finances than those who do not deal with banks (50.2 per cent).

CORPORATES
ROY MORGAN RESEARCH LIMITED, MACQUARIE BANK LIMITED – ASX MBL, ING DIRECT, CITIBANK PTY LTD, BENDIGO BANK, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BANK OF QUEENSLAND LIMITED – ASX BOQ, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

ANZ eyes Esanda sale to raise $1.5b

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Original article by Clancy Yeates, James Eyers
The Australian Financial Review – Page: 19 : 22-Jul-15

The ANZ Bank aims to offload its Esanda personal finance business by mid-2016, while the banking major has also flagged the sale of some Asian assets. The sale of Esanda is likely to be worth about $A1.5bn, which will significantly boost ANZ’s capital ratio ahead of the introduction of new capital requirements in July 2016. It is estimated that ANZ will need to lift its capital by around $A2.3bn in total.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, ESANDA FINANCE CORPORATION LIMITED, PT PANIN BANK, JP MORGAN AUSTRALIA LIMITED, GOLDMAN SACHS AUSTRALIA GROUP HOLDINGS PTY LTD, CITIGROUP PTY LTD, UBS HOLDINGS PTY LTD, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, BANK FOR INTERNATIONAL SETTLEMENTS. BASEL COMMITTEE ON BANKING SUPERVISION, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC

Porges to lead P2P lender DirectMoney

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Original article by James Eyers
The Australian Financial Review – Page: 15 & 20 : 17-Mar-15

Peer-to-peer lending group DirectMoney, which offers an average interest rate of 14.75 per cent, aims to list on the Australian sharemarket. Executive chairman Stephen Porges, who was CEO of Aussie Home Loans for five years, expects P2P lenders to put downward pressure on interest rates for personal loans in the same way that Aussie forced lenders to reduce home loan interest rates. DirectMoney was granted an Australian Financial Services Licence on 13 March 2015

CORPORATES
DIRECTMONEY PTY LTD, AUSSIE HOME LOANS LIMITED, LIBERUM CAPITAL LIMITED, EAGLEWOOD CAPITAL MANAGEMENT, SAI GLOBAL LIMITED – ASX SAI, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, SOCIETYONE AUSTRALIA PTY LTD, RATESETTER, THINCATS AUSTRALIA PTY LTD, MARKETLEND PTY LTD, MONEYPLACE, LEND2FUND, CITIBANK PTY LTD, KPMG AUSTRALIA PTY LTD, ADCOCK GROUP MANAGEMENT PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, WESTPAC BANKING CORPORATION – ASX WBC, IRESS LIMITED – ASX IRE, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, MORTGAGE CHOICE LIMITED – ASX MOC

Debt soars on the home front

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Original article by David Uren
The Australian – Page: 2 : 5-Jan-15

A report from the Reserve Bank shows that Australia’s total housing debt now exceeds total household income by 39 per cent. This compared with a differential of just 29 per cent prior to the global financial crisis (GFC). Meanwhile, the interest paid on mortgage loans now accounts for about 7.2 per cent of household income, down from nearly 11 per cent prior to the GFC. The figures also show that total household assets significantly exceed household disposable income

CORPORATES
RESERVE BANK OF AUSTRALIA, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY

Financial burdens sharpen grief of cancer

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Original article by Kate Hagan
The Age – Page: 12 : 1-Oct-14

Breast Cancer Network Australia (BCNA) has issued a new study of the financial impact on women who suffer an advanced stage of the disease. The figures show that on average the patients have out-of-pocket expenses worth $A687 a month, with drugs not covered by the Pharmaceutical Benefits Scheme the biggest cost factor. BCNA CEO Maxine Morand notes that these fees and charges come as most of the affected women also forgo part of their income for some period when they are ill

CORPORATES
BREAST CANCER NETWORK AUSTRALIA