Results released in August this year showed that 13 super funds failed to meet the new super performance test. The funds have been forced to write to their members, informing them of this failure and suggesting they consider other funds. There are over 1 million super members involved and around 7% have since swapped out…
Here’s a link to my latest Facebook post – today’s topic is the release of the latest Chart Pack from the Reserve Bank of Australia. It’s not as boring as it sounds – there’s a bucket of interesting information on the world of money surrounding you right now.
Even if you don’t usually like financial detail, there’s bound to be something of interest for you somewhere in this update. After all, it’s Australia’s economy in pictures – and you are part of that economy. It impacts you, and to a lesser extent, you impact it – every day!
Enjoy your day, and your reading!
I’ve included a photo of some boys celebrating the release of the RBA Chart Pack. Look how happy they are. It’s fun stuff.[ Photo brilliantly taken by Robert Collins on Unsplash ]
Grandfathered commissions is a term that is receiving a lot of airplay at the moment through the Royal Commission. The term is used so often and to cover so many different concepts that I thought it might be helpful to spend some time discussing just what “grandfathered commissions” actually refers to. It’s also helpful to…