Is it time to throw out the retirement planning rulebook? | Money & Life

Is it time to throw out the retirement planning rulebook? A ‘mix and match’ approach to advice is replacing one-dimensional thinking around retirement income. Based on their attractive tax treatment, other than the Age Pension, account-based pensions (ABPs) remain a retirees’ primary and often only source of retirement income. However, given that the likes of ABPs and term deposits are agnostic to the individual objectives of retirees, there is a growing appetite by financial planners …

After the Bell: daily market update, April 15 | AMP Capital

ECONOMICS & MARKETS After the Bell: daily market update, April 15 15 Apr, 2020 Some horrific data has hit the streets this week, on soft day for markets. According to our senior economist, Diana Mousina, activity indicators will be at record lows for some time. 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 …

Oliver’s Insights – What signposts can we watch to be confident shares have bottomed?

Introduction After a roughly 35% plunge from their February high point to their lows around 23rd March, global and Australian shares have had a 15-20% rally. What’s more this rally has occurred despite increasingly bleak economic data ranging from plunges in business conditions surveys or PMIs (see the next chart) to a record 10 million surge over two weeks in claims for unemployment payments in the US. Volatility remains very high but at least we …

Digital payments and online banking for older Australians

Digital payments and online banking for older Australians Although we’re already a predominantly cashless society1, the introduction of social distancing has further increased our reliance on digital payments and online banking. Face-to-face encounters have become less frequent in so many areas of our lives – and banking and shopping are no different. So now’s an ideal time for older Australians to start integrating more digital transactions into their everyday banking. Using these methods for the …

After the Bell: daily market update, April 14 | AMP Capital

ECONOMICS & MARKETS After the Bell: daily market update, April 14 14 Apr, 2020 Markets were up today and some promising data has come out of Australia, Europe and the US over the weekend. However, as senior economist Diana Mousina explains, there remains some horrible economic data to brace for. 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) …

After the Bell: daily market update, April 9 | AMP Capital

ECONOMICS & MARKETS After the Bell: daily market update, April 9 09 Apr, 2020 The ASX was up and some rallies have been creeping through in recent weeks. Our senior economist, Diana Mousina, talks us through the day and the week that was in markets, and what’s on the calendar for the weeks ahead. Important information While every care has been taken in the preparation of this video, AMP Capital Investors Limited (ABN 59 001 …

Market Update 10 April 2020 | AMP Capital

Investment markets and key developments over the past week Share markets pushed higher again over the past week on the back of a declining number of new coronavirus cases in several countries raising the prospect of a relaxation in shutdowns, as policy stimulus measures continued to provide confidence that the economic downturn may be relatively short and as talk of a cut in global oil production boosted energy shares. While Australian banks were hit on talk …

Tax deductions and working from home during COVID-19 | AMP Capital

Tax deductions and working from home during COVID-19 Did you know that one in three employees claims a tax deduction for work expenses for work done away from their employer’s workplace? With the explosion in the numbers of people now working from home due to COVID-19, the situation has changed significantly. The ATO says that in the past, claims for ‘home office’ expenses were relatively small for work occasionally done at home, such as at …

What happens in Australia if the US market crashes? | AMP Capital

What happens in Australia if the US market crashes? The COVID-19 situation in the United States is looking dire from a human health perspective. With the US still leading global markets, it’s fair to question to what extent Australia will be impacted by the fallout, in spite of its own containment progress. While it remains true that the US does lead markets, we see a divergence between the COVID-19 experience in Australia and the US, …

After the Bell: daily market update, April 8 | AMP Capital

ECONOMICS & MARKETS After the Bell: daily market update, April 8 08 Apr, 2020   Banks led the way down on local markets today, though there were some pockets of gains. Chief economist Shane Oliver talks us through the day that was, does a recap on markets since February, and lists signs to watch for which may indicate markets have bottomed. Important information While every care has been taken in the preparation of this video, …