ASIC confirms SMSF negative returnsBY ELIZA BAVIN | TUESDAY, 14 JAN 2020 11:46AM
The Australian Securities and Investment Commission has told the House of Representatives Standing Committee on Economics that SMSF's below $200,000 have a negative return on assets.Read more: SMSF, ATO, ASIC, House of Representatives, Danielle Press
Moelis Australia has promoted two managing directors to joint chief executives as it announces plans to acquire a local non-bank lender, eyeing a bigger slice of the $1.8 trillion Australian residential mortgage market.
OneVue has made a provision to write down its Sargon receivable by $26 million to just $3.9 million, dragging its first half bottom line to $27 million in losses after tax.
The director of a 'one-stop-shop' for SMSFs has pleaded guilty to 17 counts of aggravated deception and one count of dishonest dealings with documents.
The multi-asset manager has warned of the effects of climate change on investor's portfolios, urging them to assess a company's "carbon footpath" over eliminating polluters altogether.
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