Economic question marks arise pre-election
With the Government having thrown the country into election mode, a new report from Deloitte Access Economics has pointed to major resource projects no longer being a key economic driver after this year.
The analysis, released today, claims the mega-resources projects which accounted for much of Australian economic growth in recent years were likely to peak later this year, meaning Australia's main growth driver will no longer play a role.
"A key question for the Australian economy over the next few years will be what sort of business investment profile we see after resources investment peaks - one of gradual decline with resources investment remaining at historically high levels, or a much sharper drop-off?" the analysis said.
It said that 2013 would bring with it the due date of final investment decisions for a number of large resources projects, with the top 10 projects on the list potentially providing another $126 billion boost to Australia's investment agenda.
"What happens to this top 10 list will go a long way to answering that question," the Deloitte Access Economics analysis said.
Recommended for you
The FAAA is hopeful the education and experience pathway deadline will be the “last big thing” that could cause an adviser exodus but concern now turns to advisers moving to the wholesale space.
Invest Blue’s managing director says the firm is aiming to implement responsible private market access to its retail clients following the launch of its SMA last month.
After launching its digital advice offering earlier this year, AMP has announced the next phase of its strategy, providing its users with more personalised guidance.
Advice firms are increasing their base salaries by as much as $50k to attract talent, particularly seeking advisers with a portable book of clients, but equity offerings remain off the table.
