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DelphiNews January 2013

Welcome to the first edition of Delphi Financial Management's newsletter for 2013.

I’m pleased to enclose the January 2013 edition of Market Update.

Last month the US made global headlines, as it narrowly avoided the ‘fiscal cliff’ – a scenario of tax hikes and spending cuts. While this was good news, US public debt issues still exist and are likely to return to the forefront when negotiations to raise the debt ceiling take place in February.

In Europe, economic sentiment was on the rise in December as a result of improved consumer sentiment across all sectors with the exception of retail.

In domestic news, November online retail sales surged to an all year high, as pre-Christmas spending began. However while consumer spending was up, the numbers were less positive for the trade balance report, which showed a $2.637 billion deficit for November.

Investment in the sharemarket is a key strategy to building the kind of wealth you need in retirement. However as you get closer to retirement your horizon changes and market movements can have a greater effect.

So with this in mind MLC has developed the MasterKey Investment Protection so you have the potential to grow your retirement savings, with the confidence of knowing your savings or income is protected even if the market falls.

MLC MasterKey Investment Protection is available on MLC MasterKey Super & Pension Fundamentals with eligible MLC horizon and MLC Index Plus investment options. You can choose from two types of protection, Protection Capital or Protected Income.

I have enclosed a brochure providing more information on MLC MasterKey Investment Protection. Please let me know whether you or someone you know would like to meet to discuss this new service further.

Retiring from the paid workforce is one of the most important life changes most of us ever make. Below are some issues to think about and steps you can take to become truly retirement ready.

As markets continue to remain uncertain in the short term, please remember to remain focused on your long-term goals.

If you would like to review your investment strategy or discuss any of these articles please contact us.

 

Regards

Vince Dore

Director