2015

Presentations from ASIC's Financial Literacy Community of Practice delivered in 2015. 

Innovative Prescriptions for Financial Pain Points (20 Nov)

Jeanne Hogarth, Vice President, Policy, Centre for Financial Services Innovation (USA)

Video: Innovative Prescriptions for Financial Pain Points

Jeanne Hogarth, CFSI Presentation

Jeanne Hogarth, Vice President, Policy, at the Center for Financial Services Innovation (CFSI) explores some of the financial pain points that consumers face at the ASIC Financial Literacy CoP. 

The Australian Defence Force: A Case Study in Workplace Financial Literacy Education and Advice (23 Oct)

Air Commodore Robert M.C. Brown AM BEc FCA  Chair, ADF Financial Services Consumer Centre

Since 2005, the ADF has mandated independent financial education for all of its members at every stage in their careers, including recruits, pre/post deployment, promotion and transition to retirement. This session outlines the purposes and principles behind the education programs, their unique content, their methods of delivery and our members' reactions to them. There is particular emphasis on recent developments, including one-on-one counselling and the ADF Financial Advice Referral Program. 

ADF Financial Services Consumer Centre

Video: ADF Workplace Financial Literacy Education and Advice

ADF presentation

Air Commodore Robert Brown discusses ADF financial literacy at the ASIC Financial Literacy Community of Practice.

The Wesley Report: Facing Financial Stress (25 Sep)

Michael Sheedy,  Executive Manager, Mental Health and Counselling Services, Wesley Mission

An increasing number of Australians are living with the impact of financial hardship and financial stress. In 2010, Wesley Mission commissioned a report into the effects of financial stress on individuals and families in NSW. In December 2014 a follow-up survey was conducted to see what changes, if any, had occurred since 2010. The latest survey results indicate that the impacts of financial stress remain profound and can lead to a range of undesirable outcomes.
 
The Wesley Report 2015: Facing Financial Stress

Video: Wesley report 2015 - Facing financial stress

Wesley Mission presentation

Michael Sheedy talks about the Wesley report 2015: Facing financial stress, at the ASIC Financial Literacy Community of Practice.

When Financial Literacy meets Cognitive Decline (21 Aug)

Dr Joanne Earl, University of New South Wales

Australia, like other OECD countries, continues to promote self-sufficiency as a solution to the government's increased economic responsibility (OECD, 2013). But what are the implications of an older population taking significant responsibility for managing their own finances when the people most likely to be affected by dementia are also the ones making significant decisions relating to retirement income?  This presentation discusses the findings of two studies exploring the links between financial literacy and cognitive ability.

Please contact Dr Earl directly (j.earl@unsw.edu.au) for information about her presentation and her research.

ANZ Adult Financial Literacy Survey Results (31 July 2015)

Jane Nash, Head of Corporate Sustainability and Financial Inclusion, ANZ

Jane presented a summary of the findings of the 2014 ANZ Survey of Adult Financial Literacy in Australia.  The fifth in the series first published in 2003, this survey of 3,400 Australian adults looks at changes in attitudes and behaviours over time. The 2014 survey includes a new section which considers women's financial attitudes, financial knowledge and financial literacy.

ANZ Survey of Adult Financial Literacy in Australia

Video: ANZ Adult Financial Literacy Survey results

ANZ presentation

Jane Nash talks about ANZ's 2014 Financial Literacy Survey at the ASIC Financial Literacy CoP.

GSM Financial Abuse module (26 June 2015)

Courtney Keefe & Peter McNamara, Good Shepherd Microfinance

Good Shepherd Microfinance (GSM) recently launched an online learning module for their microfinance network to enhance frontline worker capability to identify and safely refer instances of financial abuse.

In this presentation, Courtney Keefe (Learning & Development Officer) spoke about how the learning gap was identified, the partnership with ASIC and the Office for Women, and the development and aims of the module itself - including a brief tour of the module.

With an estimated two million Australians affected by financial abuse, GSM is keen for the module to have a wider impact than microfinance. Peter McNamara (Operations Manager) talked about next steps for the module, calling on government, community organisations, banks, corporates and the utility sector to support workforce capability in dealing with the issue.

Women and money: an introduction to financial abuse

Women and Money (29 May 2015)

Pauline Vamos (Association of Superannuation Funds of Australia (ASFA)) and Professor Roslyn Russell (RMIT University)

The presentations by Pauline and Roslyn focused on money issues for women, who are a key audience under the National Financial Literacy Strategy 2014-17.

The session explored some of the most important financial issues facing women, such as the impact of life events and career breaks on their short term and long term finances, retirement planning and superannuation. It included a snapshot of women's financial lives based on research from RMIT University, and showcased ASIC's new resource toolkit for women, developed in partnership with PM&C Office for Women.

Women and money across the generations

Walkabout your Business (24 Apr 2015)

Clinton Hoffman & Jo Fitzpatrick, Ambrose Business Solutions

Clintron and Jo discuss 'Walkabout your Business', which is a business capacity building program which accommodates people with little or no formal education by using visual tools such as animations, mentoring mats, and story-telling. Workshops focus on empowering participants through a mentoring model. By the end of the program participants typically own and understand their own business plans and financials, which they can then put into action. With funding support from the Commonwealth Bank (CBA) Ambrose Business Solutions have customised this program for Indigenous entrepreneurs.

Walkabout your Business

Ambrose Business Solutions Program Guide

Financial Literacy Australia Grants program (24 Apr 2015)

Robert Drake, FInancial Literacy Australia

The 2015 round of the Financial Literacy Australia (FLA) Grants program is now open.

Full information on this year's Grants program and the priority areas that FLA is focusing on is available at the Financial Literacy Australia website. Expressions of Interest close on Friday 29 May.

Be MoneySmart VET resource (25 March 2015)

Australian Securities and Investments Commission (ASIC)

This presentation showcases ASIC's new 'Be MoneySmart' Vocational Education and Training (VET) resource, which supports the VET Certificate III unit of competency 'Be MoneySmart'.

Developed with assistance from the Australian Tax Office, Group Training Australia, Fair Work Building and Construction, Kangan Institute and Innovation and Business Skills Australia, ASIC's 'Be MoneySmart' resource uses a blended learning model consisting of five online modules that help students better understand personal taxation, superannuation, insurance, debt management and budgeting.  While aimed primarily at trade students and training providers, the resource is also freely available to anyone offering training in money management skills, including workplace training and small businesses.

Be MoneySmart VET resource

Money101 research report

Unit of competency - FNSFLT301A - Be MoneySmart

Unit of competency - FNSFLT401A - Be MoneySmart through a career in small business

Australian Financial Attitudes and Behaviour Tracker (27 Feb 2015)

Stuart Attwood, EY Sweeney

Stuart presents the findings of the first wave of ASIC's new Australian Financial Attitudes and Behaviour Tracker, which conducted by EY Sweeney Research.  The Tracker highlights key financial attitudes and behaviours of Australian consumers and investors in relation to issues such as budgeting, borrowing, saving, investing, and short and long term planning, as part of ASIC's focus on improving measurement and evaluation under the National Financial Literacy Strategy.

Australian Financial Attitudes and Behaviour Survey - Wave 1


Last updated: 03 Mar 2016