October 23, 2017

Bracket creep is hitting the hip pocket

Taxpayers can look forward to their tax rate increasing by an average of 2.3 percentage points over the next four years, according to estimates prepared by the Parliamentary Budget Office The PBO looked at expected changes in average personal income

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Forager cashes up

High-performance equity fund manager Forager Funds has sold out of a number of its Australian stock positions and is in the process of selling more. The fund has increased its cash position to 37 per cent over the past few

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Low fees the key to a ‘fit cat’ fund

Digital investment adviser Stockspot reckons that most of the difference in managed fund performance can be put down to fees. Stockspot has issued its latest Fit Cat Funds Report, a rating of after-fee funds performance over one, three and five-year

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Latest hybrid offer to pay close to 4 per cent

Bendigo and Adelaide Bank has launched an offer of hybrid securities, seeking $300 million of funds with the option to raise more. Converting Preference Shares 4 (CPS4) are fully paid, non-cumulative, converting preference shares and will qualify as additional tier

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ANZ asset sales bode well for long-term performance

The impact on ANZ’s future earnings of the sale of part of its wealth management business will be “broadly neutral to slightly dilutive”, according to Macquarie Securities, which has maintained an ‘outperform’ recommendation on ANZ stock. Macquarie says it see

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Easing the financial pressure of divorce

Couples that go through a divorce only start to recover financially after five years and even then a significant gap between the financial footing of a divorced couple and a married couple still remains. The break-up of a relationship can

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Challenging the ‘bond proxy’ thesis

The idea that infrastructure assets are ‘bond proxies’ and will perform poorly when interest rates rise is an overly simplistic view of the asset class and its dynamics, a leading infrastructure fund manager says. This issue has had plenty of

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Unsent text message ruled a valid will

The Queensland Supreme Court has ruled that an unsent text message is an official will. The draft message said that Mark Nichol’s intention was for his assets to be left to his brother and nephew, rather than his wife and

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Q&A 22 October 2017

Q: I have been advised that since the introduction of the $1.6 million transfer balance cap, the Australian Taxation Office is cracking down on SMSF valuations, looking for more timely valuation updates from more reliable sources. What is the ATO

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Forager cashes up

High-performance equity fund manager Forager Funds has sold out of a number of its Australian stock positions and

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Q&A 22 October 2017

Q: I have been advised that since the introduction of the $1.6 million transfer balance cap, the Australian

More »