With the football season now upon us, I can't help but draw the analogy between the last quarter of football and the last quarter of the financial year. In this last quarter, it's important to review your positions before the final siren on June 30.
The market downturn caused by the COVID-19 pandemic, where the Australian equity market fell by over 30% within a month, was one of the most severe in recent history, but it also proved to be one of the shortest-lived.
While some things are more important than money, having a quality retirement plan in place means less financial-related stress. With that comes a sharper focus on the things money allows you to do in retirement when time is on your side.
Today I wanted to write about some observations in the personal insurance industry over the last year, particularly in relation to how tough underwriting is becoming.