You may have read in newspapers or heard in the media today of the collapse of the Banksia Financial Group.
The National Australia Bank (NAB) is issuing a new series of ‘floating rate’ income securities called NAB Subordinated Notes (ASX code: NABHB). <<Read more>>
Recent moves by the Federal Government are reinforcing the notion of “user pays” with the outcome being that the next generation’s inheritance is reduced substantially. Financial planning can play an important role now and in the future in determining your aged care requirements and in determining the various funding options using superannuation or non-superannuation retirement savings. <<Read more>>
In late March 2012 the House of Representatives passed the Future of Financial Advice legislation.
The objective of these reforms is to (i) improve access to financial advice through the introduction of ‘scaled’ or limited/single issue advice, (ii) remove conflicted forms of remuneration in the financial advice industry which have (or are perceived to have) influenced the advice provided, and (iii) strengthen investor protection. <<Read more>>
Much seems to have changed since our last economic commentary in early January. Greece dropped some of its debt burden and most major central banks in the world loosened the monetary strings further. In the US the macroeconomic data for December, January, and February was surprisingly positive which has had a flow on effect to global equity markets.
Yet, under the surface, things are not so different. <<Read more>>