After the Bell: daily market update, May 29 | AMP Capital

ECONOMICS & MARKETS After the Bell: daily market update, May 29 29 May, 2020 After a big week in Australian and overseas markets, portfolio strategist Brad Creighton shares his views and insights on the key sector and data moves for week and month that was. 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 …

COVID-19 and the job market

COVID-19 and the job market 29 May 2020 How COVID-19 is affecting the Australian employment market and what it means for your job The coronavirus outbreak has had a major impact on Australians’ livelihoods. Many working Australians have needed to adjust to a loss of income resulting from working from home, reduced working hours, and in some cases loss of employment as government restrictions have taken hold. Let’s look at the state of play in …

The Impacts of COVID-19 on Women’s Money

The COVID-19 (coronavirus) outbreak has affected Australian and global economies, but Financy Women’s Index report is showing that women have been hit hardest financially, in the form of job cuts and lost income. Lara Bourguignon, Managing Director, Superannuation, Retirement and Platforms at AMP and Bianca Hartge-Hazelman, editor and founder of Financy, discusses the latest quarterly Women’s Index and the key steps women can take to protect their financial wellbeing. 0:19 – Find out about the …

Covid-19: Temporary changes to minimum pension payments | Q&AMP

Covid-19: Temporary changes to minimum pension payments In response to coronavirus (Covid-19), the Australian government has temporarily reduced the minimum drawdown for account-based pensions by half. AMP Capital senior economist Diana Mousina and technical services manager Fabian Bussoletti discuss the changes in minimum drawdown amounts and how it can benefit retirees. Watch to find out what the temporary reduction in superannuation minimum drawdown rates can mean for your retirement savings and future income payments. 0:42 …

The residential property market won’t escape the fallout from COVID-19 | AMP Capital

A cloud of uncertainty is hanging heavily over the Australian residential property market, as it is over most parts of the global economy. The simple truth is that we don’t know the end destination for this COVID-19 health crisis, and until we do, it is hard to predict the long-term effects on asset values. We can, however, read the indicators as they arise and at least gain an understanding of the dynamics currently driving the …

Federal Government stimulus package: Changes to pension drawdown and deeming rates

Federal Government stimulus package: Changes to pension drawdown and deeming rates The Australian Federal Government has proposed two key measures to help retirees and those receiving income support to manage the financial impact of COVID-19. 1. Lower minimum pension drawdown rates The government has announced a 50% reduction in the minimum income drawdown from account-based pensions and similar products for 2019-20 and 2020-21. This means Australian retirees can reduce income payments from their superannuation-based pensions …

What we’re watching in our holdings as lockdowns are rolled out | AMP Capital

What we’re watching in our holdings as lockdowns are rolled out Large parts of the Australian economy are shutting down, and we anticipate further draconian measures are on their way. This creates a substantial knock-on effect in consumer behaviour. How companies manage through the weeks and months ahead is imperative for investors to understand. It’s our view that investors with current holdings in Australian shares, or indeed people looking to start or increase their investing …

What the RBA’s response to COVID-19 means for the Australian economy | AMP Capital

What the RBA’s response to COVID-19 means for the Australian economy   The Reserve Bank of Australia (RBA) met today and agreed to a support package for the Australian economy, through the challenging period that is the COVID-19 outbreak. The central bank acknowledged this is, first and foremost, a health issue, and that the primary response is to manage the health of the population. As the RBA said, other arms of policy play an important …

The new decade starts on a high note for Australian women

The new decade starts on a high note for Australian women   Positive news for Australian women after the economic progress measurement, the Financy Women’s Index, posted its best performance of 2019 in the December quarter. Here’s what stood out: The 2019 December quarter delivered a strong finish to the decade, helped by a number of fresh records set in women’s financial progress However, the pace of 2019 progress disappointed with a decline by over …

Weekly Market Update 13 December 2019

Weekly Market Update 13 December 2019 Investment markets and key developments over the past week The past week saw good news on the geopolitical front with the US and China reaching a Phase 1 trade deal, Congressional agreement on the USMCA (NAFTA replacement), Congress averting another US Government shutdown from December 20 and the Conservatives on track for a big majority in the UK’s election. This pushed most global share markets higher, with the exception of …