A FinSec View – SuperConcepts Update, Juxtaposition, Bill Shock, ChatGPT & The View and More
16th June 2023 Earlier this week, the Albanese government released its first response to the Quality of Advice Review (QAR), an independent review commissioned by the previous government (led by Michelle Levy) with the goal of simplifying the laws governing financial advice. It has accepted 14 of the review's recommendations "in full or in principle" but left the [...]
A Finsec View – Property, CGT, Gates on AI, Shrinkflation and More
2nd June 2023 Never let a good crisis go to waste! The biggest macroeconomic swing factor in global markets of the past few weeks has been the ongoing impasse around the US Debt Ceiling. And, whilst resolved for now (in principle - there are still a few bridges to cross), in considering these types of situations, it may [...]
A Finsec View – Recession, Debt ceilings, SLOOS, Federal Budget and more
19th May 2023 Former Reserve Bank governor Glenn Stevens knows all too well how long inflation can hang around. This week he warned Australians of the difficult road ahead. The current Macquarie Bank chairman told a conference this week that so-called ‘soft landings’ are pretty uncommon. When they have happened, he said, they have been in the context [...]
A Finsec View – RBA review, Charlie’s happy & fulfilling life, 60/40 portfolios, To wait or not? and More
5th May 2023 It's reached the stage where the RBA cash rate leads the news every few weeks. After this week's increase to 3.85%, the 11th in a year, it's not difficult to conclude that Governor Philip Lowe will most likely use the remaining four months of his term to quash inflation, even if the consequences for some [...]
A Finsec View – Etymology of superannuation, Grant Hackett OAM, Reshoring of supply chains, Family feuds and More
21st April 2023 It's that time of year again! In a few weeks, on 9 May 2023 at 7.30pm, Treasurer Jim Chalmers will deliver the Federal Budget for 2023/24. Last year, an earlier 'election budget' was presented in April by Josh Frydenberg, and then Chalmers handed down a light interim Budget in October 2022. The next one will [...]
A Finsec View – The problem with labor’s franking credit proposal, Investment themes, Investment fraud and More.
6th April 2023 Last week, the director of AFR insights James Daggar-Nickson, received an unsolicited text. It was supposedly from a 22 year old woman from China eager to make the acquaintance of a 'well-mannered' man (and presumably obtain his bank account details). The message couldn't have been more fortuitous, not only because we're sure James probably does [...]
A FinSec View – Aus’s Inflation Profile, Banking Collapses, UK Budget, The Salt March and More
Thank you for the feedback regarding our superannuation commentary last View. Whilst it’s a fact that the average Australian is not engaged with their super, it is nice to know our readers are far from average and highly engaged when it comes to understanding any changes and, more importantly, the implications thereof. At this stage, there is little [...]
The lifetime limit on tax-free pensions savings to be abolished as announced in UK Budget 15th March 2023
15th March 2023 The lifetime limit on tax-free pensions savings will be abolished, the chancellor has announced. In addition, the annual tax-free pension allowance will rise to £60,000. The changes are part of the government's plan to get older people back into work, but most people are unlikely to benefit. What are the pension lifetime allowance and annual [...]