More than one million superannuation account holders will receive notice from their funds saying they have underperformed.

Movements in the value of the Australian dollar are important for Australian-based investors in that they directly impact the value of (and hence returns from) international investments and indirectly effect the performance of domestic assets like shares via the impact on Australia’s competitiveness.

Business confidence and conditions have slumped with half the population in lockdown and virus outbreaks occurring in several states, but so far that hasn’t resulted in a deluge of firms having to close their doors for good.

A majority of Australians believe the age pension should be increased, with many fearing they won’t have enough money when they enter retirement.

The post-pandemic economic rebound is strong in Australia. But, after the initial bounce in activity, there is a need to reinvigorate the drivers of long-run economic growth. Productivity growth has been low in Australia and needs to lift to see a rise in incomes and living standards. Higher productivity growth is achieved through economic reform.

Investment markets and key developments over the past week. US shares started the week strongly, but higher bond yields following the US Federal Reserve’s meeting led US shares down 0.8% over the week, on the S&P500 index

A new year can be a great time to set money goals, such as paying down a home loan. Paying off a mortgage early can save on interest, free up cashflow each month and help you enjoy all the benefits of a debt-free lifestyle.