Super funds heading for disappointing, but positive, 2018/19 returns

Super funds are likely heading for a disappointing, though positive, investment return for the 2018/19 financial year. SuperRatings said super funds were facing a “grim” financial year, given challenges to global growth following “sharp” losses in the December quarter. SuperRatings has the ‘median balanced option’ at 3.2%, which “so far… Read More »Super funds heading for disappointing, but positive, 2018/19 returns

Calling franking credits a ‘gift’ an insult to retirees: Morrison

Prime Minister Scott Morrison has accused Opposition Leader Bill Shorten of insulting retirees by calling refunds of franking credits a ‘gift’. Labor has a policy of stopping refunds of excess franking credits. Shorten used his budget-in-reply speech earlier in April to argue for the policy: “If the tax office pays… Read More »Calling franking credits a ‘gift’ an insult to retirees: Morrison