Update to Optimo Financial default assumptions
25 June 2019
The following changes will apply to call cases created on or after 26 June 2019. If you would like to update any cases created before this date and you cannot edit the fields yourself, please Contact Optimo Financial.
List of changes
New shares/managed fund profile - Precious metals
To accommodate clients who have gold or other precious metals as an investment, we now have a 'Precious metals' investment profile available in 'Shares/managed funds' and superannuation investment options. Its current default assumption is 2.5%pa growth.
Update to Optimo default interest rates (cash and secured loans)
In light of the recent interest rate cut, Optimo Financial has updated the default Pathfinder assumptions for cash and secured loans, listed in the table, below.
For more details on our assumptions, please see Optimo Financial Default Assumptions.
| Item | Field | Old value (%pa) | New value (%pa) |
|---|---|---|---|
| Cash accounts | |||
| Cash | Interest rate %pa | 1.5 | 1.25 |
| Fixed Interest > Term deposit | Interest rate %pa | 1.5 | 1.25 |
| Shares/Managed fund (direct or in SMSF) - Profile | |||
| Cash (Trust) | Interest rate %pa | 1.5 | 1.25 |
| Cash (direct) | Income %pa | 1.5 | 1.25 |
| Secure | Income %pa | 1.5 | 1.25 |
| Superannuation investment option returns - Profile | |||
| Cash (Trust) | Accumulation phase | 1.3 | 1.0625 |
| Pension phase | 1.5 | 1.25 | |
| Cash (direct) | Accumulation phase | 1.3 | 1.0625 |
| Pension phase | 1.5 | 1.25 | |
| Secure | Accumulation phase | 1.28 | 1.0625 |
| Pension phase | 1.5 | 1.25 | |
| Secured loans | |||
| Secured loan | Interest rate | 5 | 4 |
| Other | |||
| Property > Type=House | Rental income % | 4 | 5 |
Buy/sell spread now included for shares/managed funds (direct or in SMSF)
All shares/managed funds owned directly or in an SMSF now have a 0.05% buy/sell spread. This means that shares are bought for slightly more expensive price (0.05% more than specified) and sold for slightly less expensive price (0.05% less than specified) thus discouraging roundabout transactions.