Via Karen Moley: … economists warn the US central bank will have no option to shelve any plans for hiking US interest rates this year to compensate for the hit to US economic activity after Harvey shuttered businesses and made it impossible for people to get to work. Some estimate that Harvey could slice as much as 1.5 percentage points off US GDP
There has been a recent push in the planning fraternity to renew calls for upfront financial planning advice to be made tax deductible (as opposed to ongoing investment management fees etc). Tax deductibility is an interesting beast. From my experience meeting with hundreds of clients in various roles over the years, it sits at the
People in glass houses shouldn’t throw stones, so are we going to let Graham Hand toss a few rocks for us at of one of the larger players in the online superannuation space, Spaceship: Spaceship recently said it had almost reached $100 million under management, an incredible amount for a startup. On 1 June 2017, The Australian
Close watchers of Macrobusiness will be aware that after a year of set-up we recently launched a fund to implement the macroeconomic themes for readers in the market. When putting together an offer like this to such a broad readership, there are always going to be surprises. One area that offered such a surprise is the
There has been a recent spate of feather ruffling directed at one area of superannuation not known for high levels of excitement. The area is MySuper and you can be forgiven for not knowing a lot about it. So why all the noise? – simply, some changes are coming to upset a typically cushy segment
It’s been a big month for financial advice in Australia. Big 4 CEO’s have all returned from Canberra and now sit uncomfortably on their leather chairs in their corner offices. The advice regulator has continued the barrage with the timely release of a report admonishing the big instos for hiring each other’s bad apples. As luck
An interesting article out yesterday revealed the largesse local developers are now showering on brokers and real estate “advisers” to help move unsold stock from upcoming off the plan apartment developments: Commission payments of up to15 per cent, free tickets to Adele concerts and luxury holidays to Greece are on offer to mortgage brokers and
As covered today by Leith here and here today’s ABS release confirms what most of us suspect, that wage growth in the long term is looking pretty bleak. I won’t cross swords with the other fellas here on mega mortgage repayments and employments prospects but I thought I could chime in with some planning considerations.
AMP released their results last week, bringing with it news that it was reducing its adviser numbers across the network. This comes as no surprise given the results but does continue the trend of adviser number reductions across the big players in the market. See here and here. So what’s going on? Normally the fast
Find below the first post by Tim Fuller, MB’s new super blogger and planning specialist at the MB Fund. Tim found MacroBusiness after a stint in the Pilbara and liked what he read. He has since jumped from constructing gas plants to constructing no nonsense financial advice for retail and sophisticated investors. Having spent a
