Knowledge Centre

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There are a number of different ways that you can save for your children’s education, especially as it’s likely to be one of the biggest family expenses that you’ll ever have.

It’s important to try and start as early as possible as saving for a child’s education is very much a long-term strategy, often taking 7-10 years.

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For many of us, retirement may seem a long way off and our superannuation may not get the attention it deserves. The reality is that in most instances, super is second only to the family home as your biggest asset, (and in some cases it may even be number one).

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While low interest rates are great for those people with a mortgage, they can make things very hard if you’re retired and rely on income from term deposits.

Many retirees like the security and consistency of term deposits, however the rates on offer are now so low that, after taking inflation into account, you may be going backwards.

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As effortlessly as magic, the US economic recovery is helping shrink Washington’s budget deficit as more taxes and income roll in and fewer welfare payments are sent out. The Congressional Budget Office predicts the US federal deficit will narrow to about 4% of GDP this year and dwindle to 2.1% of output by 2015 – less than a quarter of the post-crisis high of 8.5% of GDP in 2010.

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With the Federal Election coming up on 7 September, and a possible change of government in the midst, we ponder a question that may be on the mind of Australian investors – will this impact my investments?

History has shown that elections do have a short-term effect on investment markets.

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Quirky terms accompany a daring experiment that is underway on the world’s second-biggest modern economy. “Abenomics” formulated by the “reflationists” is about firing “three arrows” to thrust Japan’s economy out of two decades of deflation-ridden, stop-start growth. The weapons include full-bore monetary and fiscal policy and structural reform.

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After having an extended period of being above parity with the U.S. Dollar, the Australian Dollar appears to be back on the rollercoaster with its value falling recently into the nineties. So why is this happening all of a sudden and where is it heading? Can we expect more falls, or could it bounce back?

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The political uprisings that have swept across north Africa and the Middle East since 2010 surprised analysts. No one should be shocked, though, if similar upheavals ripple through austerity-hit Europe. There is a growing risk that the resentment, despair and anger brewing among the eurozone’s dispossessed, including its 19.1 million unemployed, will explode.

Over the past 12-months, there has been much talk in the media about the Future of Financial Advice reforms (FoFA). First announced by the Labor Government in 2010 as an initiative to improve consumer confidence and trust in the financial services industry following poor advice being provided by unprofessional advisers.

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Earlier this week Treasurer Wayne Swan delivered his sixth Federal budget. This summary is designed to update you on some of the key announcements and help you to understand the impact to your own situation. Federal Budget Update 2013

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