Post on 11-Jul-2020
transcript
Diamond Blue Financial Services September 2016 Newsletter
Spring is here, time to put your winter woollies away for another year and get
into the great outdoors.
All eyes on global financial markets were trained on the annual meeting of
central bankers at Jackson Hole, Wyoming, hoping for guidance about the
direction of US interest rates. In a much anticipated speech, US Federal
Reserve chair Janet Yellen said ‘the case for an increase in the federal funds
rate has strengthened in recent months’. She cited the solid performance of
the US labour market and the outlook for economic activity and inflation.
In Australia, rates moved in the opposite direction. The Reserve Bank of
Australia cut the cash rate to a record low of 1.5 per cent in August. While
noting that ‘prospects for growth in economic activity are positive’, the RBA
board believes ‘there is room for stronger growth’. This view was reinforced
by the company profit reporting season just ended. If BHP Billiton’s large loss
is excluded, an analysis by CommSec found that profits of the top 200
companies rose a solid 8.5 per cent in the year to June 30, while 92 per cent
paid a dividend. After a year of cost-cutting and restructuring, the outlook for
the corporate sector in 2017 is improving. With inflation running at an annual
rate of 1 per cent, the RBA has room to cut rates further if needed.
EFDB Pty Ltd
Level 13
23 Hunter Street
Sydney NSW 2000
P 02 9223 0911
F 02 9223 0922
E clientsupport@dbfs.com.au
W www.dbfs.com.au
EFDB Pty Ltd ABN 64 112 871 922, AFSL 311720 trading as Diamond Blue Financial Services.
This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal
financial advice prior to acting on this information. Investment Performance: Past performance is not a reliable guide to future returns as future returns may
differ from and be more or less volatile than past returns.
Reference: Advant Plus
The Government has announced significant changes to the proposed superannuation reforms that were originally outlined in the 2016 Federal Budget in May, providing clarity and certainty for financial planners and clients around Superannuation. We have provided below a table summarising the proposed changes to the initial budget announced in May this year. These changes have been proposed, but are yet to be legislated. Perhaps the most important proposed change for retirees is the introduction of the $1.6 m super cap and the reductions in the amount of money you can put into your super. We have sourced the following table from the AFR as a quick reference guide to these new changes.
We are constantly monitoring the development and we will advise our clients accordingly as further details become available. If you would like to speak to your adviser about how these changes may impact your personal situation, please feel free to pick up the phone and call us on 02 9223 0911. One of our friendly staff will put you straight through to one of our professional advisors, Ben, Jack, Jeremy, Vikram, Stuart or Elise.
Diamond Blue Office Fitbit Challenge
We have seen a significant change in staff’s attitude to health and wellness. They are more empowered and inspired to lead healthier, more active lives while engaging in fun competition. Thanks to fitness device trackers (i.e. Fitbit) which allow Diamond Blue employees share and compete with fellow colleagues and clients on the number of steps made each week. If you want to know more about possibly decreasing your risk insurance premiums while increasing wellness, please feel free to pick up the phone and call us on 02 9223 0911. One of our friendly staff will put you straight through to our risk specialist, Dianna Pecherczyk.
Reference: Advant Plus
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Reference: Advant Plus