In December the Government released its response to the proposals of the Cooper review. The government announced that it accepted 139 of the 177 proposals, including the proposal to introduce a MySuper fund.
If you haven’t crystallised your New Year resolution for 2011 yet, you might appreciate a little financial help. Particularly following the Christmas cash splash and, quite possibly, a burnt out credit card, entering a New Year is perhaps the best time to take charge of your finances and having a savings plan in place could save you some significant dollars.
After all the huff and puff from the Treasurer Mr Swan and the Minister for Finance Penny Wong, egged on by the Shadow Treasurer Joe Hockey, we finally see the promised massive reform that will revolutionise the banking industry and encourage Australians to go down the street to get a better deal. Oh really?
Hardly a day goes by where we are not presented with a commentators view on the global economy. With all their PhD’s and post nominal’s you would think that these so called experts have a crystal ball and can accurately foresee the future. The mere fact is that no one knows what the economic outcome will be in the short term.