Inflation debate: Older Australians accused of driving crisisBY JAMIE WILLIAMSON | WEDNESDAY, 5 JUN 2024 12:44PMThe Reserve Bank of Australia is accused of using young Australians as "cannon fodder" in fighting inflation after it conceded over-65s are spending more on the back of increased rates, leading to suggestions older Aussies are driving inflation. Related News |
Editor's Choice
Government consults on discretionary trust tax
The government is consulting on the minimum tax on discretionary trusts set to come into effect 1 July 2028.
SMSFA backs review of ATO's regulatory approach
The SMSF Association (SMSFA) has welcomed the Australian National Audit Office's (ANAO) review of the Australian Taxation Office's regulation of self-managed super funds, describing it as a timely opportunity to assess whether the regulatory framework remains fit for purpose as the sector surpasses ...
ASFA makes suggestions for performance test overhaul
The Association of Superannuation Funds of Australia (ASFA) has called for the federal governments annual superannuation performance test to be modernised, arguing the current framework is discouraging long-term investment assets such as housing, infrastructure and renewable energy.
AutralianSuper injects $500m in Indian infrastructure
AustralianSuper will increase its commitment to India's National Investment and Infrastructure Fund (NIIF) with a further $500 million, taking the fund's overall holdings in India across all asset classes to $3.3 billion.
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
I believe that you are only looking at one side of the coin. What about when interest rates were at historical lows. Were they "making bank: then? At least take a balanced look.
RBA only has an interest rate lever. The government needs to come to the party of fiscal management as well. I am not sure that is happening.
Of course the opposite applied over the last few years when those with savings cut their spending when interest rates were absurdly low, dampening the stimulatory impact of the lower interest rates. Central banks across the world have not taken proper account of demographics when setting interest rates particularly as the baby boomers, who own a lot of the assets, have entered retirement age. The main manifestation of this was interest rates being kept too low for too long that encouraged levels of debt that were, and are, too high.