Knowledge Centre

ripplesonwater

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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People are usually prompted to focus on financial issues when they experience a significant life event such as a career or income change which may spark a person’s interest in their finances. A marriage may prompt a couple to consider longer term investment goals. The birth of a child or taking out a mortgage may motivate others to do something about their life insurance.

tightropeman

China’s now-disgraced ex-politburo member Bo Xilai revealed one of China’s most sensitive pieces of information just before he was ousted from his leadership role last year. No, it wasn’t a military secret, some diplomatic manoeuvre, nor some political machination. It was where China’s Gini coefficient stands.

Father,son and grandfather fishing

The value of income protection is something that has gained a more widespread understanding and acceptance in recent years and many more are becoming wise to the need for a contingency plan which will pay a regular monthly income if sickness or injury prevents them from working.

tightropeman

Portugal’s President Anibal Cavaco Silva warns about the great threat his country faces; the spending cuts and tax increases imposed by Portugal’s rescuers. The worry for investors is that the US is imposing similar austerity policies. Politicians there are removing government stimulus from the economy in steps as they clash over Washington’s finances.

ripplesonwater

An event looms over the global economy that many Greeks, policymakers worldwide and investors see as almost inevitable. That event is a Greek default.

People think a default is coming because the International Monetary Fund (IMF), one of the “troika” of Greek rescuers, can only help a country if it assesses that a country’s debt load is on a sustainable trajectory.

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With the ongoing uncertainty in the global economy, many companies are being forced to cut costs, making redundancies more common. So what’s the best way to cope if you are made redundant and how can you keep on track with your financial goals?

Being made redundant can be a big blow to both your finances and self-esteem.

Father,son and grandfather fishing

Many people think estate planning is only for the rich, but every family can benefit from having an estate plan.

The truth is that most of us have some assets we would like to pass onto our children and other beneficiaries.  An estate plan can help to make the most of these assets.