SMSFs' use of advisers plummets: ResearchBY ANDREW MCKEAN | WEDNESDAY, 22 MAY 2024 12:50PMThe number of self-managed super funds (SMSFs) using advisers has reached a new low, with the proportion of SMSFs using advisers falling to 23% from 27% in the past 12 months, according to a Vanguard/Investment Trends report. Related News |
Editor's Choice
ASIC accuses Kalkine of providing unlicensed advice
The regulator said it has concerns Kalkine's customer service representatives were providing unlicensed financial advice.
Super tax debate suffocates action for low-income Australians
As politicians, industry groups, and financial experts spar over the $3 million super tax, which will only affect a fraction of Australians, another critical problem is being ignored.
Why emotions, cash derail good investments
While we know that during turbulent times it is critical not to let emotions get in the way of investing, an investment expert and former policymaker says it is equally important to remain active and not lean in on cash.
ANZ Staff Super loses investment head
The staff superannuation scheme's investment head has resigned after less than a year in the role.
Products
Expert Feed
The gatekeeper fallacy: A critical analysis of financial advice regulation in Australia
The current regulatory framework for financial advice in Australia rests on a fundamental misconception that threatens both consumer protection and industry ...
How family shapes our financial futures
It doesn't take our 100+ years of collective wealth management experience to know that intergenerational wealth is a hard problem.
A tale of two conflicting PBRs
What happens if a spouse survives the death of the member but dies before payment has been made?
From red tape to results? DBFO's potential
With only around 15,480 financial advisers in the country at last count, and 800 Australians retiring every day, the profession is facing a severe shortage ...
Featured Profile
Liz McCarthy
CHIEF EXECUTIVE OFFICER, MLC EXPAND
INSIGNIA FINANCIAL LTD
INSIGNIA FINANCIAL LTD
Liz McCarthy has spent her whole life on the move, which has taught her invaluable lessons about life, work and always moving forward. Eliza Bavin writes.
Why would you pay to see a licensed financial planner with the associated costs when unlicensed accountants are providing the same advice illegally with no action being taken by ASIC against them for a lower cost? The system is broken and that is due to the people overseeing the system.