Link to IWP's Aged Care Act Changes (PDF) - https://tinyurl.com/2b7yq7q6

In this strategic update Williza Demirel, IWPs Aged Care Specialist walks through the new Aged Care Act changes in detail - and what they might mean for families that have a loved one considering entering aged care over the next 12-18 months.

The Australian Government is introducing a new Aged Care Act, aiming to significantly reform the aged care system. The new Act is a response to the recommendations from the Royal Commission into Aged Care Quality and Safety. It seeks to improve the quality of care for older Australians and give them more choice and control over their care.

The new Act is expected to commence on 1 July 2025, coinciding with the launch of the new Support at Home program.

This is a must watch for anyone thinking about Aged Care in Australia over the next year.

Should you prefer this in video form, please head to YouTube: https://youtu.be/fTtXrUNrwlY

Link to IWP's September Update (PDF) - IWP Monthly Update - September 2024

This month Andrew and Chris walk through the last month of financial markets.

We discuss the main themes of:

• Some calm has been restored in markets following a sharp rise in downside volatility in late July and early August.
• Eurozone inflation continues to fall
• Australian inflation remains high - pushing expected rate cuts into 2025

Should you prefer this in video form, please head to YouTube - IWP Market Update - September 2024

Link to IWP's August Update (PDF) - IWP Monthly Update - August 2024

During the first few days of August there have been several significant economic updates:

• The Bank of England began its rate-cutting cycle by cutting the official rate by 0.25%
• The Bank of Japan raised rates (to 0.25%) and announced a reduction in its bond buying program.
• Australian core inflation fell marginally, and;
• There was a softer than expected US jobs report.

Whilst economic growth data has been choppy recently, in aggregate it has remained consistent with a moderate, if slowing, global expansion.

This view was called into question last Friday with the relatively weak US unemployment data release and this was a key catalyst in market participants calling expectations of a “soft landing” into question.

As a result Shane and Chris walk through the events of the week, our views, and what this means for client portfolios.

Should you prefer this in video form, please head to YouTube - IWP Market Update - August 2024