Monthly Archives: May 2017

Death Benefit Nominations for your super

Did you know that on your death, your superannuation balance will not dealt with in accordance with your wishes unless you have a valid beneficiary death benefit nomination in place. That’s right, your Will probably doesn’t have any effect as regards your super. The trustees of most super funds have...

May 2017 Economic & Market Update

May 2017 Economic & Market Update In this update, Bob Cunneen, MLC Senior Economist talks to Jason Hazell, MLC Head of Investment Communications, about key events driving markets during April 2017. They discuss: Australian shares delivering a solid monthly performance US and European share markets making strong gains in April...

2017 Federal Budget Summary

Click here to view our budget summary as at 9 May 2017 Key measures from last night’s budget include: Individuals aged 65 or older will be able to make non-concessional (after-tax) super contributions of up to $300,000 from 1 July 2018, using proceeds from the sale of the family home....

May 2017 Reserve Bank Decision – rates on hold (again)

At today’s Monetary Policy Meeting of the Reserve Bank Board, the RBA decided to leave the cash rate steady at 1.5%. The cash rate target has been at an historic low of 1.5% since 3 August 2016. Read the Governor’s statement here and the Board’s minutes here (minutes available from 16 May...

What is Critical Illness Insurance?

Critical illness insurance can pay you an agreed lump sum on the diagnosis of a specified serious illness (such as cancer, multiple sclerosis, Parkinson’s disease, heart attack, loss of sight and many other conditions). The benefit is paid by the insurer on diagnosis of the defined ailment and even if...