DelphiNews April 2013

Welcome to the April edition of Delphi Financial Management's newsletter.

I’m pleased to enclose the April 2013 Market Update.

Last month global markets were dominated by the issues surrounding US spending cuts and the continued Eurozone debt woes. As can be expected the current turmoil in Cyprus, despite its relative insignificant contribution to GDP, is likely to impact to some degree the wider Eurozone recovery moving forward.

In the US, the Central Bank is continuing with its current monetary stimulus and this strategy remains at the forefront of the Federal Reserve’s agenda. The Fed’s agenda also focuses on improving the wealth effect on consumers by underpinning the housing recovery, working on job creation and lowering unemployment.

In domestic news, the RBA kept the official cash rate at 3% at the April meeting after strong employment data was recorded in February. The RBA will continue to monitor employment trends particularly closely in the coming months, and will make further decisions regarding an appropriate interest rate level leading into the second half of 2013.

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

Reforms to Australia’s super system have been announced that will be considered by Parliament after the Federal election in September 2013. If legislated, the proposals will impact many super fund members before and after retiring. An article from MLC outlines the propsed changes.

Also included below are ten tips to help you get your Estate Planning in order.

Finally, the 2013 Autumn edition of Financial Focus is available on the Delphi website. This quarter's publication includes a Financial Health Check and some Smart Strategies for Families with Young Children.

If you would like to review your investment strategy or have any questions regarding these articles please contact us.

Regards

Vince Dore

Director

Vince Dore and Delphi Financial Management Pty. Ltd are Authorised Representatives of GWM Adviser Services Limited ABN 96 002 071 749, trading as Garvan Financial Planning/MLC Financial Planning an Australian Financial Services Licensee, Registered office at 105 –153 Miller St North Sydney NSW 2060 and a member of the National Australia group of companies.

This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial and tax and/or legal advice prior to acting on this information. The material contained in this newsletter is based on information received in good faith from sources within the market, and on our understanding of legislation and Government press releases at the date of publication, which are believed to be reliable and accurate. Opinions constitute our judgement at the time of issue and are subject to change. Neither, the Licensee or any of the National Australia group of companies, nor their employees or directors give any warranty of accuracy, nor accept any responsibility for errors or omissions in this email.

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