Optimism suffers post-Budget slump
After reaching record highs in February, optimisim about the future of the economy has slumped following the May Federal Budget, according to a survey released by Allianz.
Allianz and Newspoll had conducted a bi-monthly survey, which measures Australians' level of optimism about the future of the economy, environment and society.
The survey found optimism about the future of the economy slumped following the May Federal Budget, with the largest decline in sentiment experienced by West Australians.
"Australians began 2013 in a much more optimistic frame of mind when it comes to their outlook on the economy; however, this has proved short-lived," according to Allianz Australia managing director Niran Peiris.
"After rising to a 12-month high in February, optimism about the future of the economy has slumped following the May Federal Budget."
The decline in optimism was particularly apparent among older Australians, Peiris added, while sentiment among Labor voters fell significantly more than for Coalition voters.
Recommended for you
The FAAA is set to launch an initiative next week to boost adviser numbers, offering support for Professional Year candidates and their supervisors.
Advice licensee Centrepoint Alliance could be more open to a proportional takeover bid after shareholders rejected a special resolution around takeover provisions.
Global private markets firm Partners Group has appointed a client solutions manager to strengthen its service offering across Australia’s southern states.
An aging profession and impending adviser exodus are fuelling a shift in the advice practice landscape, according to Adviser Ratings’ latest report, while internal restructuring prompts adviser redistribution.
