QUT research show that seniors are at high risk around financial decisions

February 27, 2018 Editor Uploads 0

Financial elder abuse, life savings lost through shonky investments – older people are high risk because they have more money just before retirement, on average, than at any other stage in their lives, says QUT PhD researcher Sylvain Hohn.

Mr Hohn, from QUT Business School, is investigating how older people make financial decisions and their preparedness for the potential financial risk posed by age-related cognitive decline.

“Financial decision-making is crucial for financial well-being and as we grow older, these decisions become even more vital,” Mr Hohn said.

AUSTRAC Expands Civil Penalty Case Against CBA

January 15, 2018 Editor Uploads 0

A further 100 alleged contraventions against the Commonwealth Bank of Australia (CBA) have been filed in Dec by the Australian Transaction Reports and Analysis Centre (AUSTRAC), the Government’s financial intelligence and regulatory body, adding to the current civil penalty proceedings.