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The Morning Briefing: Hargreaves' bumper results and future-fit advice


1
st February 2021
7:40 am
Good morning and welcome to your Morning Briefing for Monday, 1 February, 2021. To get this in your inbox every morning click here.
Hargreaves’ Bumper Results
What a year direct-to-consumer platforms have had. With time on their hands, and uncertainty swirling in every direction, more people – and more young people – are taking it upon themselves to open investment accounts.
We have already seen the likes of AJ Bell report staggering numbers. Today was the turn of Hargreaves Lansdown, the biggest fish of them all. It did not disappoint; net new business was up 40 per cent for the six months ending December, reaching £3.24bn, with 84,000 new clients added since June. ....

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Compulsory super rises hit pay packets


 
Hike to legislated superannuation payments should be scrapped to alleviate pressure on employers just trying to keep Australians in work, business experts say.
The Federal Government s legislated increase to compulsory super is due to come into effect on July 1 but intense debate - including calls for a delay - is expected in the coming months as the pandemic continues to take a financial toll.
The increase would see annual super payments rise from 9.5 per cent to 10 per cent in July, then up to 12 per cent by 2025.
Under the changes, super groups say it will cost employers $8 a week for an employee earning $80,000 a year from next July. ....

Gary Ramage , Josh Frydenberg , Philip Lowe , Council Of Small Business Organisations Australia , Federal Government , Small Business Organisations Australia , Peter Strong , Retirement Income Review , Reserve Bank , Treasurer Josh Frydenberg , Industry Super Australia , Bernie Dean , Prime Minister , Hip Pocket , Mo Ney , Pay Packets , Personal Finance , Personal Wealth , கேரி ர்யாமேஜ் , பிலிப் குறைந்த , சபை ஆஃப் சிறிய வணிக ஆர்கநைஸேஶந்ஸ் ஆஸ்திரேலியா , கூட்டாட்சியின் அரசு , சிறிய வணிக ஆர்கநைஸேஶந்ஸ் ஆஸ்திரேலியா , பீட்டர் வலுவான , ஓய்வு வருமானம் விமர்சனம் , இருப்பு வங்கி ,