Weekly economic and market update – week ending 9 February, 2024

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Investment markets and key developments Global share markets rose over the last week. US shares rose to new record high supported by ongoing confidence in a “goldilocks” landing for the

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Five problems with the Australian tax system – and the changes to Stage 3

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Key points The Australian Government’s changes to the Stage 3 tax cuts have refocussed attention on the need for tax reform. The Australian tax system has five key problems: it’s

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Weekly economic and market update – week ending February, 2023

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Investment markets and key developments Share markets mostly rose over the last week helped by good economic data, solid US earnings results and ongoing signs that central banks are moving

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Australian December retail sales much weaker than expected after Black Friday boost was reversed.

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Key points Australia monthly retail turnover declined 2.7% in December, more than reversing the 1.6% rise in November. The fall was concentrated in discretionary spending items more than reversing their

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AMP MySuper delivers annual returns above 11.5 per cent

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AMP has delivered an investment return of 11.6 per cent for members of its AMP MySuper 1970s superannuation fund option for the calendar year ending 31 December 2023. Part of

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AMP appoints TAL as new default insurance provider for superannuation members

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AMP is pleased to announce it has appointed TAL as its new default and retail insurance provider for AMP Superannuation Fund members, including its flagship SignatureSuper offer. Members’ best financial

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Falling inflation – what does it mean for investors?

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Key points Inflation is in retreat thanks to improved supply and cooling demand. A further fall is likely this year. Australian inflation remains relatively high – but this mainly reflects

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Majority of homeowners face ‘debt cliff’ heading into retirement

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New research by AMP shows that older Australians are expecting to head into retirement with higher levels of debt, presenting a growing challenge to them achieving financial confidence in later

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Weekly economic and market update – week ending 8 December, 2023

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Investment markets and key developments Share markets were mixed over the last week with US shares up 0.2% for the week helped by still solid but cooling jobs data and

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Reforms a bold step towards making advice more accessible and affordable 

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AMP welcomes the Government’s comprehensive roadmap for financial advice reform, which will expand the delivery of advice to millions more Australians. It will make a meaningful difference to the lives

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