Gmail will write your email replies for you; Superannuation Warehouse Australia fined $25,000 over misleading ads: Midday Roundup

Gmail is rolling out a feature this week that will analyse the contents of your email and suggest up to three responses in order to speed up your reply.

In a blog post announcing the update, Google software engineer Balint Miklos said the feature is designed to make responding to emails less cumbersome while on the go.

“Smart Reply suggests up to three responses based on the emails you get,” Miklos said.

“For those emails that only need a quick response, it can take care of the thinking and save precious time spent typing. And for those emails that require a bit more thought, it gives you a jump start so you can respond right away.”

Gmail’s Smart Reply feature will be rolled out later this week on both the Google Play and App Stores.

Superannuation Warehouse Australia fined $25,000 over misleading advertising

A business that provides online accounting services for self-managed superannuation funds has been forced to pay a whopping $25,000 fine because of false and misleading advertising.

The Federal Court found Superannuation Warehouse Australia mislead consumers with the statement “free SMSF setup” on two of its websites between January 22, 2014 and May 8 this year.

The court ruled the statement was misleading because Superannuation Warehouse Australia’s online SMSF application form could not be submitted without authorising the company as the fund administrator, for which there was a fixed monthly fee.

Deputy chair of the Australian Security and Investment Commission, Peter Kell, said in a statement the corporate regulator is watching how SMSF services are advertised closely.

“Deciding to establish a self-managed superannuation fund is a significant financial decision,” Kell said.

“Consumers should not be misled by advertising, including online. ASIC considers that terms such as ‘free’ convey a strong impression to consumers and should not be used where there is any charge or cost associated with the product or service advertised.”

Shares up on open

Aussie shares have nudged higher this morning off the back of a positive showing from Wall Street.

Ric Spooner, chief market analyst for CMC Markets, said recovery in US markets and strong gains in oil prices should mean a positive note for the local market today.

“Energy stocks are likely to build on yesterday’s good gains,” Spooner said.

“Buyers are positioning for cyclical recovery in this sector with merger and acquisition potential providing additional support.”

“Gold miners, on the other hand, are likely to be a weak spot in today’s market. The fact that gold is down $50 over the past week reinforces its short term vulnerability to the increased probability of a Fed rate hike.”

The S&P/ASX 200 benchmark was up 63.7 points, rising 1.2% to 5239.2 points at 10:58am AEST. On Tuesday, the Dow Jones closed 89.39 points higher, up 0.50% to 17,918.15 points.