POWERED BY MOMENTUM MEDIA
ASIC’s investment tips
The Australian Securities and Investments Commission (ASIC) is urging people to take advantage of Australia’s more beneficial superannuation regime by consolidating their super accounts and accessing the Government’s co-contribution.
ASIC acting executive director of consumer protection Delia Rickard said the regulator was encouraging consumers to make the most of any tax gains.
ASIC has suggested consumers consider their financial situation, including converting any tax savings into superannuation dollars by increasing personal contributions.
“[We are] encouraging consumers to make the most of any tax gains,” Rickard said. “Putting this extra money, no matter how small the amount, to good use before you’ve spent it can make a big difference to your financial position over the long term.”
Recommended for you
AMP’s chief economist has unveiled a wish list for the Australian government’s Economic Reform Roundtable.
Australian retirees could increase their projected annual incomes between 3 and 51 per cent by incorporating personal and household data into their retirement income strategies, according to new research.
The best interests duty and new class of adviser didn't make the cut for the pre-election DBFO draft bill; however, ASFA has used its submission to outline what it wants to see from the final package.
The peak body stressed that the proposed financial advice reforms should “pass as soon as possible” and has thrown its weight behind super funds providing a greater level of advice.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
