The last inflation data came out at a record low and is a trigger for the RBA to move on the cash rate. In addition here are some observations supported by data released that will support such a decision.

Australia is currently experiencing some good economic fortune with company profits up by up to 20%  iron prices up on settled contracts well above the forecast. On the other side spending on various items in the last budget has been held back, when you put this all together you will see a pretty good budget position.

Superannuation when introduced the intention was for a safe retirement fund for all. However, since then the remuneration contributions made was in the hope these funds would grow. There were many who figured out the contributions made were not adequately managed although exorbitant fees were collected, this prompted the rapid growth of Self Manged Funds where the investments were decided by the owner of the funds and not a retail fund.

In very uncertain times Individuals like you and me have to be prepared to protect our savings in our superannuation. The uncertainty and proposed changes being pushed is a catalyst for the eroding of value in our super.