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On this episode of The nestegg Podcast, the CEO of Industry Super Australia, Bernie Dean, shares his insights into the impact of COVID-19 on super funds.

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Bernie joins host Grace Ormsby to unpack how the economic downturn has been affecting different demographics, why many in the older age bracket are experiencing increased levels of anxiety, and what those people can do to preserve their nest egg and minimise their losses.

Bernie also delves into Industry Super Australia’s stance towards accessing superannuation early as part of the government’s stimulus measures, whether now is a good time for people with the means to contribute extra to their super, and industry fund plans for a road to recovery for both their members and the national economy.

Thanks Bernie, for sharing your insights with the nestegg podcast team!

You can keep up to date with what Industry Super Australia are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Saturday, 06 June 2020

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Hunt for yield driving alternative investments

By Grace Ormsby · February 27 2020

Reading:

Invest

Hunt for yield driving alternative investments

By Grace Ormsby
February 27 2020

Reading:

Hunt for yield driving alternative investments

By Grace Ormsby · February 27 2020

Reading:

The low rate environment means investors are moving towards financial product assets and away from property to earn returns in 2020, according to new research.

Consumer credit financier RateSetter has found that nearly seven-in-10 of its users consider low interest rates as having impacted their investment strategy over the course of 2019.

According to RateSetter CEO Daniel Foggo, “low-interest rates are the new reality Australians have to face”.

“If the UK is anything to go off, we could be settling in for a decade of low rates,” he advised.

Almost two thirds of investors surveyed who indicated they would be moving their money in 2020 said they would invest their money in financial products to earn returns over property investments in 2020, it was reported.

Mr Foggo said the company’s insights have revealed the top three factors impacting investors’ decisions.

These are are the need for portfolio diversification, low-interest rates and the quest for performance.

With the low-rate environment meaning a number of investors are re-evaluating where they should be putting their money, RateSetter highlighted how there is “a misconception that retail investors are willing to try anything, including speculative products they don’t understand”.

Instead, the credit company reported that “when confronted with low-interest rates, investors are sticking with the investments they know and that have served them well”.

Investors have been urged to look for transparency when evaluating alternative investment strategies, with Mr Foggo advising people to watch out for excessive fees or hidden risks.

“If you don’t get how it works, the product is probably not for you,” he indicated.

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About the author

Grace Ormsby

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.