News

News

Economic Update August 2017

Within this month’s update, we share with you a snapshot of economic occurrences both nationally and from around the globe.

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New financial year is a good time to check super contributions

As the new financial year begins and you are busily pulling together receipts, log books and group certificates, don’t forget to check in on your compulsory super contributions. Former federal treasury Retirement Income Modelling Taskforce director and now Industry Super Australia special adviser Phil Gallagher estimates that as many as 32% of Australian workers are being short-changed by an average of $2,025 each.

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Speedy lender could shake up the mortgage market

After more than two years of research and development, an Adelaide fintech says it can approve a home loan online in just 22 minutes.

Tic:Toc Home Loans launched this week, with a purely online business model which it says lowers overheads and fees, while speeding up the approval process.

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Happy new financial year!

The end of the financial year heralds a flurry of squeezing of final deductions, finalising accounts and collating group certificates and receipts…then what?

If you have a straightforward return, you might be able to navigate your way through the Australian Tax Office (ATO)’s online system myTax through your myGov account. If your complete your return yourself online, you will need to lodge it by the 31st of October.

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Economic Update July 2017

Within this month’s update, we share with you a snapshot of economic occurrences both nationally and from around the globe.  
Strong signs of continued world economic growth 
 
- Europe has shaken off its recent rocky economic road to recovery 
- Signs of life in Australian employment data 
- Bank tax might limit growth in the ASX 200 during FY2018 
 
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Network 10 and Voluntary Administration – what does it all mean?

Voluntary administration.  It’s a term that seems to be popping up more and more in the media. We’re told that businesses who enter voluntary administration are finished and it’s the end of the road for them, when in fact, it can actually be a way to try to keep the business operating and viable.

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Innovation fuels Infocus software updates

With their demonstrated commitment to innovation in the financial advice space, Infocus has recently updated its holistic finance practice management software Platformplus with digital signature technology. 
 
Following a consultation with Infocus Group Financial Advisers, clients can now download and review advice online, then sign off via their mobile device. 
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Will Australia see a recession in 2017?

Despite Australia’s record-breaking run of GDP growth, recently the chatter has increased about the possibility of Australia experiencing a recession. 

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Fiduciary Duty: Whose Best Interest is it Anyway?

While on a trip to the US recently I had the opportunity to catch up with a group of peers from around the world.  We got to talking about the advice, asset management and technology industries in the United States and the impact of regulation– particularly the Department of Labor’s fiduciary rule.  This requires financial advisers to act in their clients’ best interests with retirement planning and assets and to be transparent with their fees and incentives. It’s a rule that was initially shelved by President Donald Trump, but will now come into effect partially from early June, and fully from January next year.

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Economic Update June 2017

Within this month’s update, we share with you a snapshot of economic occurrences both nationally and from around the globe. 
 
Support mounting for RBA rate cuts
 
- Popular Federal Budget
- United States (US) Federal Reserve maps out recovery phase
- China downgraded by Moody’s
 
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