The new age of consumer thrift

Key points The GFC has ushered in a period of more cautious consumers in the US and to a lesser extent in Australia. Household savings rates are likely to be higher than over the last decade as households seek to cut debt ratios in the face of reduced credit availability, greater economic uncertainty and constrained […]

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AMP Limited reports Q3 cashflows and AUM

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AMP Limited today reported cashflows and AUM for the third quarter to 30 September 2010. Total AMP Financial Services net cashflows for the quarter were $48 million, down from $103 million in the third quarter of 2009 as higher cash inflows were offset by higher cash outflows. This is in line with trends being seen […]

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Katherine Hunt is AFA’s Student of the Year

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Katherine Hunt from Aspire Financial Planning on the Gold Coast has taken out the Association of Financial Advisers (AFA)’s 2010 Student of the Year Award (the Award). Outgoing AFA National President, Dr Jim Taggart, OAM said the Award recognises the outstanding performance and achievements of financial advice students. “Commitment to education and lifelong learning are […]

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A new generation of leadership on the AFA board

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The Association of Financial Advisers (AFA) has announced an almost entirely new Board of Directors, including Brad Fox, current GenXt Chair, who has been elected National President unopposed. The new generation of directors includes other GenXt leaders, Adam Smith from Western Australia who takes up the post of National Deputy President and Michael Nowak from […]

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Salvia takes out AFA’s top award

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Steve Salvia, from Southern Financial Strategies in Western Australia, has taken out the 2010 AFA Adviser of the Year Award (the Award), proudly sponsored for the eighth consecutive year by Zurich Financial Services Australia (Zurich). The announcement was made at the AFA’s Gala Awards Dinner on 26 October, which marked the close of the AFA’s […]

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PIMCO forecasts positive outlook for Australia: quality RMBS stand out as key investment opportunity

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Australia has a positive investment outlook with flexible economic conditions and a clean banking sector Australian residential mortgage backed securities offer attractive relative value Claims that Australia is in a housing bubble are misplaced The world’s largest bond manager, PIMCO, has forecast a positive investment outlook for Australia, due to its fiscal and monetary policy […]

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Deflation reigns: Bonanza for consumers

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Consumer Prices There are more goods falling in price currently than at any time over the past decade. In the June quarter 33 items were cheaper than a year ago while 29 items were cheaper in the September quarter. In the September quarter alone, 25 goods were cheaper than in the three previous months. Deflation […]

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The Multiport SMSF Investment Patterns Survey

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Better performing markets see Trustees taking profits To get a closer insight into where SMSF trustees invest, Multiport regularly undertakes an analysis of our SMSFs investments to look at the up to date asset allocation and investment trends which have or may be emerging. The survey covers around 1,300 SMSFs that we administer and the […]

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Inflation: Another beautiful set of numbers

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Consumer Price Index Australia’s main inflation measure – the consumer price index (CPI) – rose by 0.7 per cent in the September quarter, well below economist forecasts. The annual rate of consumer inflation eased from 3.1 per cent to 2.8 per cent – in other words back inflation is back in the Reserve Bank’s 2-3 […]

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Darren Whereat appointed Asgard’s Head of Distribution

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Tim North Ash recruited to National Manager – Key Accounts, Institutional and NSW sales Craig Lawrenson, Head of Asgard, today announced the promotion of Darren Whereat to Head of Distribution following a review of Asgard’s sales and business support teams. Darren was promoted to the role after 2 years as Asgard’s Head of Institutional Business […]

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