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Economic Wrap

BENJAMIN ONG  |  THURSDAY, 7 APR 2016
AiG Performance of Construction index Construction activity in Australia continues to slow. The AiG Performance of Construction Index fell to a 13th month low of 45.2 points in March from 46.1 in February. The latest result also marked the fourth straight ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 6 APR 2016
... and, Employment down to 47.8 from 47.7. While the new orders index remained in expansion, March's 51.9 reading represented a big drop from the previous month's 53.6. US trade balance The US trade deficit increased to US$47.1 billion in February - the ...

Government lagging on super policy: Labor

KERRIE SYDEE  |  TUESDAY, 5 APR 2016
... call the warring tribes approach of public policy making in super. There is a great deal we can agree on... there are some big issues in superannuation that we can agree on to make financial services and super work for more Australians and that should ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 5 APR 2016
Australian retail sales Retail spending showed no change in the month of February. This is lower than market expectations for a 0.4% lift, marking the third month in a row of disappointing retail sales - up 0.3% in January versus expectations for a ...

Accountants should beware AFSL traps

ALEX BURKE  |  MONDAY, 4 APR 2016
... licensee agreements have very strict client ownership stipulations, especially those by licensees that operate within the big four major banks, AMP and IOOF," Tynan said. Tynan went on to suggest that accountants could conceivably establish their own ...

Housing market set to flat line not crash: QIC

KERRIE SYDEE  |  MONDAY, 4 APR 2016
... contribute to monetary policy and further easing," said Miall. Concluding Miall said: "We recognise that housing has had a big run up, housing affordability has come down - certainly in Sydney and Melbourne - but the factors that we would think would ...

Janet's words stronger than BOJ and ECB bazookas

BENJAMIN ONG  |  MONDAY, 4 APR 2016
... negative interest rate. All of the above plus promises of more. The European Central Bank (ECB) and the Bank of Japan's (BOJ) big bazookas proved no match for US Federal Reserve Chair Janet Yellen's words, "I consider it appropriate for the Committee ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 31 MAR 2016
Australia migration The Australian Bureau of Statistics (ABS) reports that the percentage of Australian born overseas reached their highest level in "over a century" (120 years). As at 30 June 2015, 28.2% -- or 6.7 million -- of the country's resident ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 30 MAR 2016
Australia retirement and retirement intentions The Australian Bureau of Statistics (ABS) survey (conducted 2014-15) on retirement and retirement intentions show that Australians intend to work longer than ever before. The survey - which started a few ...

Riskier glidepaths could be one retirement answer

DARREN SNYDER  |  TUESDAY, 29 MAR 2016
A global retirement solutions executive says a stable, or even climbing, asset allocation glidepath in post-retirement may be a more sensible approach for target-date superannuation funds. J.P. Morgan Asset Management global head of retirement solutions ...