News

Key indicators point to rate cut in May

Key indicators point to rate cut in May

The market is banking on a rate cut today with the ASX reporting a 76% chance of a drop to 2% when the Reserve Bank of Australia Board meets later today. Track the RBA Rate Indicator here In our recent FiftyUp Club Annual Budget survey, we found that 57% of you are suffering because of low rates on savings and the Reserve Bank needs to be more mindful of retirees when cutting interest rates ... read more>
Cheaper electricity prices aren't always the best outcome for households.

Cheaper electricity prices aren't always the best outcome for households.

The storm that struck the Hunter, Central Cost and Sydney regions Monday, 20th April 2015, left thousands of homes and businesses without power and SES and firefighters flooded with calls for assistance. Networks NSW estimated that the overall repair bill to electricity networks for Ausgrid and Endeavour Energy would be many millions of dollars. However, last Thursday, Networks NSW chief... read more>
Survey of 11,000 reveals the pain of low interest rates, the sting of age discrimination and the future of GST

Survey of 11,000 reveals the pain of low interest rates, the sting of age discrimination and the future of GST

  As far as we know Glenn Stevens, the governor of the Reserve Bank, hasn’t yet done the FiftyUp Budget survey but he’s certainly explaining, if not quite feeling, your pain. He might even like to see the results. This week he told a conference that retirees now face tough choices because of very low interest rates meaning they need to take ‘more risk to fund th... read more>
Our Budget Survey hands down the People's Verdict on Super, Pensions & Negative Gearing

Our Budget Survey hands down the People's Verdict on Super, Pensions & Negative Gearing

The people have spoken: loudly, quickly, wisely and above all honestly in our annual Budget survey. You’ve even thrown in a few surprises. The responses were coming in at the rate of 100 an hour at some stages. At the time of writing, more than 7,500 of you have given the pollies a piece of your mind. Given the wide-ranging nature of the questions, and the fact some responses are st... read more>
Time to give the over 50's a voice in budget debates on tax, retirement and work

Time to give the over 50's a voice in budget debates on tax, retirement and work

As debate hots up before the Federal Budget, it’s time to gauge the views of those most affected by the hip-pocket issues being discussed – the over-50s. The 120,000-member FiftyUp Club has today launched its second annual pre-Budget survey, asking the over-50s what they think about: Pensions and superannuation Negative gearing, The GST and Working to age 70 Cons... read more>