Queenslanders pessimistic about economy
Nearly 50 per cent of Australians are pessimistic about the future of the economy – particularly Queenslanders, despite the state experiencing a mining boom, according to the Allianz Future Optimism Index survey.
The survey, conducted by Newspoll, revealed that when it came to expectations about the future of the economy, only 51 per cent of Australians were optimistic and 9 per cent were ‘decidedly pessimistic’. This was despite a positive economic outlook and low levels of unemployment.
The survey found that Western Australians were the most optimistic at 59 per cent, followed by South Australia (53 per cent), Victoria and New South Wales (both at 51 per cent) and lastly Queensland (47 per cent).
There was some difference between men and women, with women proving to be less optimistic. Some 57 per cent of men surveyed were optimistic about the future of the economy compared to 45 per cent of women. The difference was apparent across demographic groupings, Allianz stated.
Recommended for you
ASIC has shared the percentage of breach reports related to financial advice in FY24, noting increased reporting by smaller AFSLs.
With less than 5 per cent of Dixon Advisory complaints closed, AFCA has detailed how it is dealing with systemic issues, known as batch matters, through a consistent yet case-by-case approach.
For financial advisers and business owners seeking to run a top advice firm, Adviser Ratings has shared the characteristics of these leaders from top firms focusing on “scale, specialisation and sophistication”.
As Stephen Jones cites the new class of qualified advisers as a way to reduce legislative complexity in advice, the FAAA’s Sarah Abood says its members still have qualms with the idea and its naming.