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The switch in focus to retirement incomes, ahead of the introduction of the Retirement Income Covenant, was evident at the annual SMSF Association conference last week. Deborah Ralston said: “Super has been a bit overdone”. Ralston, one of the panellists on the Government’s Retirement Income Review (RIR), which handed down its report in July 2020,…
“If you can’t beat ’em, join ’em,” as Bugs Bunny would say. This is exactly what NAB and CBA have done to take on the Buy-Now-Pay-Later (BNPL) phenomenon. NAB was the first to launch its new StraightUp credit card, which is aimed at millennials by offering interest-free purchases on credit anywhere that accepts Visa. Credit…
Metrics takes out top award among alternative managers
Pandemic tailwind to flow into 2021 for Woolies Woolworths Ltd (ASX:WOW) delivered a weaker than expected result, despite a 6% increase in revenue to $63.6 billion for the financial year. Net profit fell to $1.166 billion with the biggest hit coming from the mothballed Hotels division. Sales revenue improved across the board with Australian and…
S y s t e m a t i c i n v e s t m e n t g r o u p P a r a m e t r i c , o f f e r a c a s e s t u d y i n t o t h e m o s t i m p o r t a n t i s s u e m i s s e d b y i n s t i t u t i o n a l i n v e s t o r s w h e n t h e y s e e k t o c h a n g e i n v e s t m e n t s t r a t e g y ; t a x .
With July coming to a close, it’s time for reporting season – and this year, it’s not going to be pretty.
INBrief
Henrik Andersson – Apollo Capital
Like most assets, bitcoin cruised into the new year in 2020, racking up a 44% rise until mid-February. Then, like the stock market, BTC took fright at the extent of the global disaster that Covid-19 rapidly proved to become. But while the S&P 500 index plunged by 33.7% before a floor was (at least temporarily)…
Westpac has announced a new specialist businesses division and has appointed Jason Yetton as chief executive of the division. The specialist business division has been created to simplify the Australian and New Zealand banking businesses. This will include wealth platforms, superannuation and retirement products, investment, general and life insurance, auto finance and Westpac Pacific. Yetton…
In its latest quarterly statement on monetary policy, the Reserve Bank of Australia declared its preparedness to “ease monetary policy further if needed”.
Over the last year, 10-year German Bund yields have gradually declined. Investor sentiment deteriorated over the course of this period as the US-China trade dispute dragged on, taking global growth down with it.
The US Federal Reserve’s latest 25 basis points rate reduction in mid-September is seen by many market observers as another signal that world markets are in, or are fast approaching, a late cycle.
