Changes to super contribution rules for over 65s The Federal Government has updated superannuation laws to allow older Australians to contribute to their super for longer. Work test to apply from age 67 The government has increased the age up to which super contributions can be made without having to meet a work test from 65 to 67. The work test requires you to be in paid work for a minimum of 40 hours in …
5 common financial mistakes to avoid during a crisis The economic impact of the COVID-19 pandemic is playing havoc with finances for many households. Fran Hughes CFP®, Head of Financial Solutions at Nexia Perth offers five ways to limit the impact at this challenging time. With Australia recording a spike in the unemployment rate of 6.2% due to the coronavirus, it’s only natural that households feel under enormous financial pressure and face uncertainty about their future. Perhaps …
ECONOMICS & MARKETS After the Bell: daily market update, July 1 01 Jul, 2020 The first day of the financial year was a good one for the ASX, but some fresh data continues to show the scale of the damage caused by COVID-19. Our senior economist, Diana Mousina, explains. 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 …
ECONOMICS & MARKETS After the Bell: daily market update, June 30 30 Jun, 2020 The ASX finished higher today, on this the last day of trading for FY20. Our senior economist, Diana Mousina, talks us through the day that was, and her reflections on the financial year almost passed. 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 …
The US presidential election – implications for investors Key points The run up to the US election on 3rd November has the potential to see increased share market volatility if it looks increasingly likely Biden will win and if Trump ramps up tensions with China (and maybe Europe) in response. However, this is likely to be short lived as there is no reason to expect a weaker economy and hence share market under a Biden …
ECONOMICS & MARKETS After the Bell: daily market update, June 29 ASX started the week lower, following most major share markets finishing last week lower as well. There’s a fair bit happening socially and politically at the moment, but it appears second wave fears are a primary focus for markets. Our chief economist, Shane Oliver, shares his thoughts. Important information While every care has been taken in the preparation of this video, AMP Capital Investors …
ECONOMICS & MARKETS After the Bell: daily market update, June 26 26 Jun, 2020 It was a good day on the ASX today, with markets trying to find their way back. Portfolio strategist, Brad Creighton, explains. 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 …
5 ways to help prepare your finances for a recession If you think storms may lie ahead, it makes sense to prepare your craft for choppy waters. With Australia facing continued economic uncertainty, it may be time to take stock of your finances and get in the right shape. First the good news. The Australian economy fared better in the first quarter of 2020 than many other countries¹. To the end of March, the economy …
Market Update 26 June 2020 Investment markets and key developments over the past week Most major share markets fell over the last week as concerns about “second waves” of coronavirus cases, uncertainty about the growth outlook and geopolitical risks continue to rattle investors. The weak global lead and concerns about rising cases in Victoria also contributed to a fall in Australian shares with sharp falls in energy, industrial, IT and property shares. Bond yields were little …
ECONOMICS & MARKETS After the Bell: daily market update, June 25 ASX took a tumble today as trade and virus fears look like they’re giving markets the jitters. Portfolio strategist, Brad Creighton, explains. 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 representations or …
