1. The 2020 ASX Australian Investor Study exposed a number of new faces in the stock market, with 25 to 59-year-olds making up 63% of investors. 45% of investors who started investing in the past year were females, and women make up 51% of intending investors all up.
2. Research from Fidelity International shows 49% of female financial advice clients did not want to continue receiving financial advice after their partner passed away. “Financial advice could play a significant role in helping more women get invested but currently too many feel like advice is ‘not for them’,” said Fidelity International FundsNetwork head Jackie Boylan.
3. The Gender superannuation gap is set to widen due to COVID-19, according to a joint analysis of profit-to-member fund data released by The Australian Institute of Superannuation Trustees (AIST) and Women in Super (WIS). “Women who accessed their super through the scheme – often because they had no other place to turn for financial support – are now even further behind the eight ball when it comes to retirement savings,” said AIST Head of Advocacy, Melissa Birks.
4. New Zealand’s communications security bureau has been called in to help after its stock exchange was hit by cyber attacks for the fourth consecutive day.
5. Australia Post has seen unprecedented growth under CEO, Christine Holgate with E-commerce being a “strong driver” of the result. Profits have risen 30 per cent for the year which will allow Holgate to achieve her promise of returning the national postal service to growth, two years ahead of schedule.
