Just a note to say that the annual tax statements are currently being calculated by Linear Asset Management and all current clients will be notified when available.
There is more from the Royal Commission grilling of National Australia Bank today, "Hopelessly Conflicted" is one term that I'm hoping will catch on:
News out this morning that ASIC Chairman James Shipton has greenlit the prospect of tactical taskforces to be embedded in our banks (for up to 8 weeks at a time) in an attempt to address the surging and endemic misconduct present in our banking system.
Fairfax has been running a series of articles (see here and here) on the collapse of Great Southern and the hardships it has caused, a timely reminder of the perils of mixing debt, investment and tax breaks. Almost every case consists of investors borrowing to invest on the advice of a trusted ...
From the AFR:
Source: Commsec
Via The Australian:
Correlation doesn't equal causation. But sometimes it does. I would like to know whether the board of Macquarie are Freakonomics listeners or just unwitting participants in a glass cliff experiment - Australian edition.
Vested interests are everywhere, chipping away at the moral fibre of politicians, tilting taxes in their favour and diverting resources. In a more diversified economy, the vested interests compete with each other for government favours - a waste of money I'm sure, but there is some benefit in that ...
A fascinating story of David v. Goliath has emerged in REST super member, Mark McVeigh taking the $50 billion superannuation fund to Federal Court after some frustrated attempts to find out what the fund is doing to protect his retirement savings from the risks of climate change.
ASIC's report into fees and costs has landed, just as our own superannuation solution nears release to our clients. It largely supports our experience in developing our new superannuation solution - the fee comparisons in most PDS's are a nightmare.
I belatedly found this slide deck from a GMO presentation from earlier in the year talking about climate change and investing at the LSE: http://www.lse.ac.uk/GranthamInstitute/news/the-mythical-peril-of-divesting-from-fossil-fuels/
Good breakdown by Credit Suisse (via the Wall Street Journal) on where the US earnings growth is coming from:
