Search ResultsShowing 1 - 10 of 100+ results for "SMSF"
ASIC bans SMSF business director
HARRISON WORLEY  |  THURSDAY, 22 AUG 2019
ASIC banned the director of a firm allowing people to illegally access their superannuation early to buy a home. The corporate regulator slapped Max David Goldenberg with an eight year ban from providing financial services and engaging in credit ...
SMSF Association patron steps down
KRISTI CHENG  |  WEDNESDAY, 21 AUG 2019
The Reverend Tim Costello AO has stepped down as patron of the SMSF Association. Costello assumed the role in August 2017, succeeding former High Court chief justice Sir Anthony Mason. He has resigned for personal reasons. Speaking on behalf of the ...
Association policy lead to join Treasury
ELIZABETH MCARTHUR  |  THURSDAY, 15 AUG 2019
... major industry association has taken a new role with Federal Treasury. Jordan George has been the head of policy at the SMSF Association for seven and a half years. The SMSFA confirmed to Financial Standard that George will step into the role of ...
What is holding Aussie robo advisers back?
KANIKA SOOD  |  WEDNESDAY, 14 AUG 2019
... the investments are held in the name of the individual investor. Reflecting this, most are not yet set up to enable SMSF's to use their service," Dunnin said. "Only two of the six provide superannuation advice with the same number able to ...
ATO warns of SMSF concentration risk
KRISTI CHENG  |  WEDNESDAY, 14 AUG 2019
... thousands of SMSFs warning of the risks of being too concentrated. The ATO announced it will be contacting around 17,700 SMSF trustees and auditors at the end of the month who they suspect may be holding 90% or more of their funds in one asset or a ...
Adviser stole $200k from SMSFs
ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... providing financial advice after ASIC's investigation found Michael took loans for himself from four of his clients' SMSF accounts to the tune of $204,000. He used the loans to stave off bankruptcy, pay his children's private school fees and ...
Imminent launch for start-up super fund
KARREN VERGARA  |  FRIDAY, 2 AUG 2019
... co-founder and chief executive Wes Hall. Hall described Tomorrow Super's offering as having the "best elements of an SMSF without the boring paper work" whereby members can engage with their retirement savings via an app. With traditional ...
Managed accounts hit milestone
ELIZABETH MCARTHUR  |  WEDNESDAY, 31 JUL 2019
... million to $35 million in the last year. AMP Financial Planning, IOOF Group, Commonwealth Financial Planning, NAB and SMSF Advisers Network are the five largest advice licensees. IOOF is the fastest growing group among the big six - increasing ...
Sam Henderson cops ASIC ban
KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... by his practice. She refused but the foundation piece of the resulting Statement of Advice was the establishment of said SMSF. Had McKenna followed the advice, she would have forfeited a $500,000 deferred benefit available to her under her State ...
ASIC moves against SMSF auditor misconduct
HARRISON WORLEY  |  TUESDAY, 23 JUL 2019
ASIC has acted against misconduct by SMSF auditors, disqualifying three and imposing conditions on several others. The decisions follow concerns about SMSF auditors failing to meet requirements, including auditor independence standards, auditing ...
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