It’s been a busy start to the year for the company but it has been just as busy in financial markets. Perhaps more ;)
The most significant event so far for 2019 is the Royal Commission into Banking and Financial Services. We still await the legislative measures to be placed. During that time, and up until now, we have seen continued consolidation of financial service companies. Most financial advisory arms of larger institutions have been sold. More significantly, larger insurance companies have swallowed their smaller or less competitive rivals.
More recently the political engines of Canberra have began firing up. The recent Federal budget has drawn clear enough lines of the direction of the major parties. In May we will decide again who leads us. The result either way has an effect on us financially. I’m sure it will make for interesting times ahead.