Financial health and related concepts are widely used in financial services, but often poorly defined and inconsistently measured.  Terms like financial health, wellbeing, fitness, security, stability, freedom, resilience, stress, satisfaction, confidence and capability are frequently used interchangeably. The result is confusion about what drives financial health and how it can be improved.  For advisers, super funds and financial institutions, this creates a practical problem. If financial...

Like personal health, MYMAVINS research suggests building and maintaining financial health is an ongoing process with multiple drivers. These include mindset, capabilities, habits, decisions and actions. It is lived, dynamic and deeply personal. If advisers and super funds aim to improve financial health at scale, the focus should be on the drivers that shape trajectory and ultimately outcomes. While we are less able to directly influence someone’s income, savings, or debt in the shorter...

This blogs explores how a focus on quality of life is critical to realising dignity in retirement and this necessarily involves navigating the inevitable changes life holds for us all. In fact, helping navigate change with confidence is the core value most of us really seek from financial service providers. Restated purpose of superannuation The prime purpose of superannuation has again been in the news over the last couple of weeks with the Government’s announcement of the latest adjustments...