Research highlights need for advisers to prepare for battle

From

National President of the Association of Financial Advisers (AFA) Dr Jim Taggart, OAM says recent research published by Roy Morgan Research around the low level of consumer trust in advisers means advisers must prepare for battle. “Trust is fundamental to the advice relationship,” Dr Taggart said. “We know from our own Back to Basics consumer […]

continue reading

Weekly Market & Economic Update, 15 October 2010

From

Headline developments of the past week After 28 years in the dogbox on the back of falling commodity prices and poor economic management the Australian dollar spiked above parity against the $US, briefly reaching $US1.004 before falling back to just above $US0.99. The return to parity has taken a bit longer than I first thought […]

continue reading

Weekly market and economic update – 01 October 2010

Headline developments of the past week Concerns about problems in Europe returned to the fore over the last week with Moody’s downgrading Spain’s credit rating, ongoing issues regarding Irish banks, more pressure on bond yields in peripheral countries and protests about fiscal cutbacks. This all weighed on European share markets. US Federal Reserve officials painted […]

continue reading

Financial planning in Australia: a bright future

From

Financial planners have been the recipients of an inordinate amount of ‘broad brush’ criticism over the last few years – some justified, some not so. Consumer surveys seem to regularly, painfully, suggest that all planners are held in low esteem by many in the community. Wave after wave of problems get enormous amounts of oxygen […]

continue reading

Petrol to fall as wholesale price hits 11-month low

From

Petrol price Petrol prices have risen for the second consecutive week. The Australian Institute of Petroleum reports that the average Australian petrol price rose by 0.5 cents a litre last week. The national pump price stands at a 4-week high of 123.2 cents a litre. The good news is that the strength of the Aussie […]

continue reading

Investor Signposts: Week Beginning September 26 2010

From

The big picture Finally one of the great myths has been debunked. The Reserve Bank has finally acknowledged that housing affordability is not a major problem in Australia. Neither is it worsening dramatically, or alternatively going through the floor. Actually it has been going sideways for the last 5-6 years. The Reserve Bank has come […]

continue reading

Spending posts first gain in nine months

From

CBA Business Spending index Tentative signs of a recovery in consumer spending. A key gauge of economy-wide spending posted its strongest result in nine months in August. The Commonwealth Bank Business Sales Indicator (BSI) rose by 0.1 per cent in the month, the first positive reading since November last year. The Commonwealth BSI is obtained […]

continue reading

Weekly market & economic update 17 September 2010

From

Headline developments of the past week Global financial market regulators – known as the Basel Committee on Banking Supervision – announced tougher capital requirements for banks so that they can better withstand future financial crises. However, bank shares actually rose in response as the capital requirements had been anticipated and the time to comply was […]

continue reading

Consumers display caution

From

Dwelling starts at six-year Consumer sentiment; New car sales; Dwelling starts The Westpac/Melbourne Institute index of consumer confidence eased in the latest month. The index fell by 5.0 per cent to a three-month low of 113.2 in September. Aussie consumers believe that bank deposits are the wisest place for savings (30.7 per cent of respondents), […]

continue reading

Weekly market & economic update 10 September 2010

From

Headline developments of the past week US President Obama announced plans for another round of fiscal stimulus including increased infrastructure spending, accelerated tax write-offs for new investment that would allow companies to write off all new investment undertaken before the end of 2011 and an extension of the Bush tax cuts for those earning less […]

continue reading