Leave Campaign wins the Referendum The United Kingdom (UK) has voted to leave the European Union (EU) in a shock decision that has sent global markets plummeting. It has been over 40 years since the UK last voted to stay in the EU and sentiment towards the common market has shifted dramatically. Whilst the margin…

Economic Update

Read the latest monthly market update – covering economic and investment market issues from Australia and across the globe. MARKET AND ECONOMIC OVERVIEW Australia As mentioned in the last edition of Market Watch, the Reserve Bank of Australia (RBA) cut the official cash rate from 2% to 1.75%, a new all-time low, at their May…

Overseas holidays, new cars and having the latest technology aren’t considered luxuries anymore, but are standard lifestyle expectations of the new ‘average’ Australian, according to research by MLC. It’s all about what we define as average, and it’s not so average anymore, with Australians’ perceptions of a middle class standard of living shifting significantly upward…

The ‘sandwich generation’ is a term used to describe people typically in their 40s and 50s who are caught between the demands of caring for ageing parents as well as their own dependent children. The term was originally coined for baby boomers in the 80’s and 90’s who married and had children later than their…

For most of us ‘spending’ is the first thing that springs to mind when we have money. So when a financial adviser suggests the idea of having a ‘budget’ most of us recoil in horror. It’s because many people believe that budgeting is all about sacrifice – in other words, having to cut back on…

Even if you’re nearing retirement age you might not be looking to leave the workforce just yet. Maybe you want to save more money or perhaps you enjoy the interaction and mental stimulation. Whatever the reason, a transition to retirement (TTR) strategy could provide financial flexibility as it enables you to access a portion of…

With interest rates at record lows and little chance of a change in sight, creating a reliable income in retirement can be challenging. With the cash rate at just 2% since June 2015, Australian interest rates are lower than ever before. And according to the Commonwealth Bank economics team, there’s little prospect of rates lifting…

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