Newsletter

February Newsletter

Welcome to the February Newsletter.

The Client Information Session for 2021

Is currently being organised for mid March

Our guest speaker will once again be John Owen

So watch this space!

We hope to see you there.

Centrelink Assessments

For those of you in receipt of Centrelink entitlements or those approaching that age this month we would like to remind you what is needed when coming for reviews.

To assist Loomis Financial in estimating your entitlements it is important to provide up to date details of your assets, both lifestyle (including household contents, motor vehicles, caravans etc), financial (including bank accounts, direct shares, investments) and other assets (including rental properties or property that exceeds the maximum primary residence and 5 acres) and any external income stream or super that are not managed by Loomis Financial.

This will assist us in providing you with accurate estimates of your Centrelink entitlements.

This will also indicate if your records need updating with Centrelink. Please remember, while Loomis Financial can assist with updating your records, it is ultimately your responsibility to ensure your Centrelink details are accurate and you provide the necessary supporting documents.

Such documents are necessary when updating Bank Accounts, direct shares or investments. A current statement or report is requested by Centrelink and should include the following details - date, account number, owners name, address and current balance. An ATM slip is not sufficient. Without these supporting documents, Loomis Financial may not update your records on your behalf.

If you have any questions concerning your Centrelink entitlements, or any other part of your portfolio, please call our office and talk to either Tim or Emily.

Market Update - February 2021

Highlights:

Macroeconomic indicators remain robust, but vaccine supply delays in some regions and the emergence of new Covid-19 strains have dampened sentiment.
The US congress is negotiating President Biden’s proposed US$1.9 trillion stimulus package, which includes US$1,400 payments to low-income workers.
The EU has imposed tougher restrictions on visitors and the UK will introduce tighter border controls to prevent the spread of new Covid-19 strains.
The Biden administration will seek to repair relations with China but will face immediate challenges as China steps up military activity around Taiwan.
The RBA left the cash rate on hold at 0.1% and announced it will buy an additional $100 billion of Australian government bonds before ceasing purchases in April.

Global economies

The pandemic still looms large across the global economic landscape, with over 100 million confirmed Covid-19 cases worldwide at the start of February.

Covid-19 vaccines have begun rolling out across the country as daily confirmed cases continue to fall.

Europe

The European Union imposed tougher restrictions on visitors from outside the bloc, with travellers from countries with a higher infection rate than the EU (more than 25 Covid-19 cases per 100,000 people over 14 days) required to enter quarantine.

China

China has been among the frontrunners in the global vaccine race, with late-stage trials underway for the Sinovac-developed CoronaVac in at least 16 countries across Asia, Africa and Latin America.

Asia Region

Japan’s economy, which was battling recession even before the pandemic hit, remains in precarious shape.

Australia

New positive Covid-19 cases in New South Wales and Victoria have prompted increased testing and tracing to prevent further outbreaks.

If you have any questions regarding this report or would like to discuss your portfolio, please contact either Tim or Emily on 02 6562 2295.

Read the full February 2021 market update report >>

The information in this Market Update is current as at 10/02/2021 and is prepared by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445 on behalf of National Australia Bank and its subsidiaries. Any advice in this Market Update has been prepared without taking account of your objectives, financial situation or needs. Before making any decisions based on the content of this document, the reader must consider whether it is personally appropriate in light of his or her financial circumstances or should seek independent financial advice on its appropriateness. Past performance is not a reliable indicator of future performance. Before acquiring a financial product, you should obtain and read the corresponding Product Disclosure Statement (PDS) and consider the contents of the PDS before making a decision about whether to acquire the product.