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Vale Garry Wyatt
Garry Wyatt, the co-founder and chief executive of Insync Funds Management, has sadly passed away.
NRF appoints inaugural chief investment officer
The National Reconstruction Fund has named its first chief investment officer.
First Bitcoin ETF to launch this week on ASX
VanEck will make history this week as the first investment manager to launch a Bitcoin ETF on the ASX.
More Aussies anticipate renting in retirement: Vanguard
An increasing number of Australians expect to be paying off a mortgage or forced to rent in retirement, according to the latest Vanguard How Australia Retires survey.
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Phil Usher
CHIEF EXECUTIVE OFFICER
FIRST NATIONS FOUNDATION
FIRST NATIONS FOUNDATION
Taking a gamble to steady the ship as chief executive of First Nations Foundation, Phil Usher has turned it into a more secure, self sustaining entity, far better equipped to empower First Nations people to achieve financial prosperity. Andrew McKean writes.
Anyone who has works in the larger super fund sector knows well the effect of reserving accounts, crediting rates and actual results. This is their latest stab at the fact that as a general rule people have lost trust in the lack of transparency of big funds, along with concerns around estate planning and related matters. Crediting rates are dubious at the best of times.
Now with group insurance premiums being hiked considerable the large funds are struggling to retain members with any sizeable superannuation savings.
The cost that is never taken into account with these types of calculations - and the one the ATO can never ascertain - is the cost of the trustees/members time in running and maintaining an SMSF.
If a tradesman or professional who charges their clients $100 per hour spends 1 hour per week on the SMSF, this has cost them $5,200 per year. This will never be reported in the retruns of the fund. In fact the member/trustee will never even consider this when they look at the costs.
Of course, costs are only one consideration but people at least need to be honest with themselves with the cost aspect.