On the 3rd May the government brought down the Federal Budget and in this proposed changes to the Superannuation System. We do not believe the government has adequately explained the ‘Why” these changes have been proposed, ands as a result we believe that these proposed changes combined with what previous governments have done is further eroding the confidence in our superannuation system.
John Green has also written on Fixed interest in asset allocation, which is important as we saw, also on the 3rd of May a decrease in the Reserve Bank of Australia, Official Cash Rate by 25 basis points to 1.75% with another 25 basis point cut to 1.5% looking imminent.
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