Finance News
It has been an interesting few days politically and as House Of Representatives Speaker Peter Slipper resigns Julia Gillard now needs to revisit her 2010 promises. As a quick reminder: 1) she agreed to a carbon tax of $23 (the Greens), Tick 2) promised regional Australia they would get the NBN (Rob Oakeshott and Tony Windsor) Tick and…
Keyman Insurance policies fall into 3 categories: Revenue protection Capital protection, and Buy sell insurance Revenue protection is designed to ensure any loss of revenue accrued through the unexpected loss of a key member of a business is compensated up until the time a suitable replacement is found and business may proceed as normal.…
We can all recall the natural disasters of recent times. Bushfires, floods, hail and wild winds have ravaged many parts of Australia. One of the more unpleasant outcomes came later, when many families struggling to come to terms with total losses found that their insurance didn’t cover them or provided only limited coverage for their…
The Reserve Bank of Australia left the Cash Rate steady again at 4.25% following their April meeting. In March we saw many lenders lift rates slightly, moving out of step with RBA, arguing that their “cost of funds” had and will continue to increase due to international factors. In most cases it was a modest…
Network of banks, discount houses, institutional investors, and money dealers who borrow and lend among themselves for the short-term (typically 90 days). Money markets also trade in highly liquid financial instruments with maturities less than 90 days to one year (such as bankers’ acceptance, certificates of deposit, and commercial paper), and government securities with maturities…
Ensuring that you have the best and most relevant economic and market data available please join the team at Instreet Investment Limited who are hosting a conference call on there latest opinions on economies and markets. The call is on Monday 2 April 2012 at 3pm (Sydney Time) Dial In Details Phone: 1800 500 485 Passcode: 7919278252 Let us…
ASIC last week released the full findings of ‘shadow shopping’ research which examined financial advice given to people to help them plan for retirement. The purpose of Report 279 Shadow shopping study of financial advice (REP 279) was to investigate the quality of retirement advice provided and people’s experience of obtaining financial advice. ASIC’s…
Age Pension Calculator I came across this handy little calculator for pensioners to do what if analysis. Feel free to share. Maximum Rates of Payment – Couples from 20 September 2009 Rates of payment (maximum) Couple (each) Full pension rate per fortnight (1) Total Annualised From To Base New (2) Supplement Total Pension 20/3/12 19/9/12…
