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Has COVID-19 driven a final push lower in very loose monetary and fiscal policy worldwide, the rise of on-line business models, and de-globalisation, or was the world going down this path anyway? Two leading economic thinkers, Andrew Balls of PIMCO and John Butler of Wellington, will provide their perspectives on the future direction of the global economy post the pandemic.
In the first edition of Money for this decade JANA’s very own Jeremy Wilmot, Head of Advisory, discusses Superannuation performance noting that Superannuation is a marathon and not a sprint. “People invest in Super over a lifetime and not over a year so it is really long term results that matter”. Jeremys’ insightful article discusses this statement in detail.
The Australian Labor Party (ALP) has announced that if it was to win the upcoming Federal Election, it would eliminate the cash refund of excess imputation credits for all recipients with the exception of individuals receiving Centrelink pensions, charities and not-for-profit institutions, and SMSFs that have at least one Centrelink pension or allowance recipient before March 2018.
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (‘Commission’) released its final report on 4 February 2019 (‘Final Report’).