Covid-19: Is now the right time to downsize my property? | Q&AMP

As a result of COVID-19 and the rising unemployment rate, many Australians have questions about their retirement and savings, especially whether it’s a good idea to downsize your home right now. AMP Capital senior economist Diana Mousina and financial adviser John Dani discuss downsizing your home in the current state of the residential property market. Watch for an outlook on Australian property prices, the main reasons for selling your home and downsizing, and the key …

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Client experience front and centre for AMP Bank’s latest technology enhancements

AMP Bank has launched a range of technology enhancements to boost client experience, including digital pre-application, electronic signatures and digital identification verification. Original Author: Produced by AMP and published on 04/06/2020

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Making the most of tax savings before 30 June | Money & Life

Making the most of tax savings before 30 June The COVID-19 crisis is turning out to be a tough time for many households. Maximising tax effectiveness is one strategy for being smart with your finances. With the financial impact of COVID-19 being felt by many individuals and families, perhaps you’re looking to lodge your next tax return quickly to benefit from a refund. Before the end of the financial year arrives on 30 June, it’s …

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Early access not so super for women | Money & Life

Early access not so super for women The COVID-19 crisis has seen many Australians taking steps to stay afloat with their finances. With women more likely than men to withdraw super to make up the shortfall in their income, what does this mean for their long term financial wellbeing? Fran Hughes CFP®, Head of Financial Solutions at Nexia Perth explores the reasons why a super withdrawal at this time could leave women financially vulnerable. The Australian Government’s …

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After the Bell: daily market update, June 3 | AMP Capital

ECONOMICS & MARKETS After the Bell: daily market update, June 3 03 Jun, 2020 It was a historic day for Australia today, as the nation entered its first recession in 29 years. Our senior economist, Diana Mousina, explains how markets fared, and also commented on recent strengths in the Aussie dollar. Important information While every care has been taken in the preparation of this video, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL …

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After the Bell: daily market update, June 2 | AMP Capital

  ECONOMICS & MARKETS After the Bell: daily market update, June 2 02 Jun, 2020 Our senior economist, Diana Mousina, talks through today’s late rally on the ASX and the outcomes of today’s RBA meeting. Important information While every care has been taken in the preparation of this video, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) and AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) makes no …

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What is a Power of Attorney? | Money & Life

Just as having a Will ensures assets are managed properly when you die, a Power of Attorney allows someone else to look after your finances when you’re unable to. Find out more about what’s involved in having a Power of Attorney and why you’d be wise to have one, just in case. Money & Life team Money & Life contributors draw on their diverse range of experience to present you with insights and guidance that will …

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After the Bell: daily market update, June 1 | AMP Capital

ECONOMICS & MARKETS After the Bell: daily market update, June 1 01 Jun, 2020 Shane Oliver talks about the day that was in markets, his thoughts on whether Australia could avoid a technical recession, and his level of concern about a second wave of infection. Important information While every care has been taken in the preparation of this video, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) and AMP Capital Funds Management …

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7 ways to get your money working harder during COVID-19

7 ways to get your money working harder during COVID-19 If you’re fortunate enough not to have been affected financially by coronavirus, you might find you’re spending less and saving more The COVID-19 (coronavirus) outbreak has seen Australians rise to the challenge of a new way of life involving a lot less time spent outdoors and a lot more time spent at home. We’ve seen new concepts added to our daily vocabulary like social distancing, …

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Australian house prices starting to fall – collapse likely averted but expect more weakness ahead | AMP Capital

  Australian house prices starting to fall – collapse likely averted but expect more weakness ahead   Key points Australia capital city home prices fell -0.5% in May. Significant policy support & the earlier reopening of the economy have made our worst-case scenario for a 20% decline in average Australian house prices unlikely. However, our base case is for home prices to fall around 5-10%, as “true” unemployment will remain high, government support measures and …

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