19 Apr 2018
The Pension Time Bomb: US$400 trillion
- Posted by Dejan Pekic BCom DipFP CFP GAICD
The World Economic Forum is estimating a current combined retirement savings GAP of US$70 trillion for Australia, Canada, China, India, Japan, Netherlands, United Kingdom and United States.
This deficit is forecast to reach US$400 trillion by 2050 with the key driver being increasing longer life spans.
As the number of retirees increase from 1.5 billion to 2.1 billion between 2017 to 2050 The World Economic Forum predicts that the number of workers for each retiree will halve from 8 to 4 which is the financial equivalent of climate change.
The message, don’t rely on social security for your retirement.
Click to read.
17 Apr 2018
mediatech
- Posted by Dejan Pekic BCom DipFP CFP GAICD
There is a great deal of coverage on fintech which is focused on banking and financial product solutions but what about mediatech.
The business of mediatech is all about leisure and entertainment such as for example playing Fortnite, watching Netflix, listening to Spotify.
Surprisingly there are now twice as many US$1 billion private mediatech companies as there are fintech companies.
The opinion piece that we have linked provides insight on the size of the numbers involved in mediatech.
Click to read.
12 Apr 2018
China: New Opportunity
- Posted by Dejan Pekic BCom DipFP CFP GAICD
The Chinese government has decided to permit foreign banks and financial services institutions to own a majority shareholding (up to 51%) in Chinese banks and financial assets management companies by the end 2018.
This is a major policy change and a big change in direction.
Why now?
Is it due to the escalating trade war with the United States or is it to help the local banks reduce loan default risk by introducing new lenders into the market place who will be eager to offer new finance or something else entirely?
Difficult to know but it opens up increased opportunity for capital markets and business in a 1.4 billion people consumer market.
Click to read.
5 Apr 2018
Tertiary Education: STEM
- Posted by Dejan Pekic BCom DipFP CFP GAICD
Which countries are investing in their future economic prosperity?
The chart link below will give you a good indication.
China is currently producing almost 5,000,000 University graduates per year in the fields of science, technology, engineering and mathematics (STEM).
The commercial impact on innovation will be seismic because increasing numbers of theoretically trained researchers will almost always lead to faster and better product development for consumers.
Click to view.
The Asian Century has arrived.
