Australian Prudential Regulation Authority released results from their first MySuper Product Performance Test. We discuss why our clients are protected from this poor super fund performance.
Super fund performance
Government support for business
2020 has been a challenging year. The economic impact of the coronavirus pandemic has been felt across the entire country. We look at the Government support for business.
Federal Budget 2020-21 review
We hosted a webinar run by Tim Howard, Technical Consultant at BT on Friday 16 October. Tim unpacked the budget announcements and discussed what is likely still to come.
Extended mortgage relief
The coronavirus pandemic has dramatically impacted the lives of millions of Australians. People have lost their jobs, their primary source of income and many have been facing financial hardship. Find out about extended mortgage relief.
Government financial support for home buyers
Median house prices in most capital cities have dramatically increased over the past few decades and the nation’s house price to income ratio, which measures house prices against disposable income, sat at 106% as of 2019’s fourth quarter.
Cyber scams during COVID-19
Scammers love to prey on people who are emotionally drained… and the heightened anxiety felt across our society during the recent health crisis has unfortunately provided them with new opportunities.
Are banks 40% worse than in February?
Everyone’s wondering how the banks will fare as we inevitably head into a coronavirus driven recession. We have seen all 4 of the major banks’ share prices decline more heavily than the broader market
Summary of the Government stimulus benefits
The $84 billion stimulus passed through both the House of Representatives and the Senate and includes the first round of measures announced on 12th March, partnered with the additional package announced on 22nd March.
First Home Loan Deposit Scheme
The First Home Loan Deposit Scheme (FHLDS) began in January 2020 and is the Australian Government’s latest initiative to support first home buyers secure their property sooner.
How to recognise a scam
With scammers using highly trusted companies as their cover and presenting themselves as professional staff members, it’s not surprising that they manage to succeed in stealing people’s funds.
Record low interest rates
There’s no doubt that current interest rates are unlike anything we’ve ever experienced in Australia before.We spoke with Graeme Quinlan, Senior Adviser and head of the First Financial Investment Committee, about the cause and impact of the low rates.
Federal Election review
The results of the Federal Election on 18th May 2019 came as a surprise to most people. But for many financial advisers, it was a nice surprise.
First Financial – 2019 Budget Review
The Government handed down its 2019-20 Federal Budget on 2nd April. This Budget was highly anticipated as the next election is now set for 18th May, and many Australians rely on these policies to help them make their decision at the polls.
Medicare Scam Alert
The scam starts with a phishing email that looks like it is from Medicare, asking you to update your Electronic Funds Transfer (EFT) details…
…so you can start receiving payments for Medicare benefits and claims.
First Home Super Saver Scheme
The Aussie dream of home ownership has taken a battering in recent years.
House prices have skyrocketed making it almost impossible for first home buyers to get into the property market.
A Post-Budget View of the Aged Care Sector
It’s been a month since the treasurer handed down the 2018 Federal Budget. The aged care sector and older Australians came out on top of the list of winners and losers.
Budget Boost for Aged Care
The Government wants more older Australians to receive care at home. The aged care sector gets $1.6 billion in the budget over four years to assist the elderly to stay in their homes while accessing care services.
Labor’s Proposed Tax Policy Explained
We’ve been closely watching the tax debate around Labor’s proposed policy to abolish a cash rebate for shareholders who pay little or no tax.
Centrelink Scam Alert
Have you received an automated voicemail message claiming to be from Centrelink which asks you to call a Canberra number?
If so, do not call the number as this is a scam.
Protecting Yourself from Scams
We have had a number of clients receive phone calls from people purporting to be from the ATO and Centrelink. They have been asking for personal details such as date of birth, Tax File Numbers, Bank account numbers, etc., in order to either steal their money or steal their identity.
Helping you Navigate this Year’s Federal Budget
On Tuesday 9 May, the Government handed down its Federal Budget for the 2017–18 financial year. According to Federal Treasurer Scott Morrison, this year’s Budget is founded on the principles of fairness, security and opportunity.