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Showing 1001 - 1010 of 1391 results for "SMSFS"

SMSFs drive ASX growth

LAURA MILLAN  |  TUESDAY, 26 FEB 2013
... Products (ETP) is on top of the SMSF product of choice. The sector grew 34 per cent in the last year and ASX estimates that SMSFs hold between 25 and 30 per cent of it, bourse data found. In January 2013, the ETPs market cap within the ASX grew to $6.8 ...

ASIC slaps biggest fine ever

BEN COLLINS  |  FRIDAY, 22 FEB 2013
Financial services watchdog ASIC has handed out a record fine of $500k to a man who ran a $30 million scam targeting SMSFs. David Hobbs of Nelson, New Zealand, who was described as the "mastermind" behind more than a dozen unregistered offshore managed ...

Game changer in six months: AMP SMSFs

LAURA MILLAN  |  THURSDAY, 21 FEB 2013
... largest SMSF service provider since it launched in July 2012. From administering 3,000 accounts, it now looks after 9,100 SMSFs, or around 2% of the industry, across several brands including Cavendish, Multiport and Ascend. It also has a 49 per cent ...

Super assets up 15% to $1.5tr

ALEX DUNNIN  |  THURSDAY, 21 FEB 2013
... and default award arranagements. This stronger reliance on member contributions is why the seemingly unstoppable rise of SMSFs is a much bigger threat to retail funds than not-for-profit funds, especially if overlaid with segement-wide growth in SMSF ...

WHK appoints SMSF head

MARK SMITH  |  THURSDAY, 21 FEB 2013
... services firms are ploughing into the sector to benefit from exponential growth. ATO statistics indicate there are over 496,000 SMSFs established with $474 billion in funds under administration in Australia. Salmon, who will start her new role on 4 March ...

Industrial property funds draw SMSFs

LAURA MILLAN  |  WEDNESDAY, 20 FEB 2013
As the cash rate drops to three per cent, Self Managed Super Funds (SMSFs) are turning their attention towards the industrial property market in search for low-risk funds with higher-than-cash returns. Charter Hall Direct Property head Richard Stacker ...

SMSFs warned over incapacity planning

BEN COLLINS  |  MONDAY, 18 FEB 2013
Often the risks of a self-managed super fund director becoming incapacitated are ignored, a leading lawyer has warned. Speaking last week at the SMSF Professionals' Association of Australia (SPAA) national conference, Bryce Figot, director, DBA Lawyers ...

Don't meddle with super industry bodies warn Govt

LAURA MILLAN  |  FRIDAY, 15 FEB 2013
... received an unsolicited letter from the prime minister Julia Gillard endorsing SPAA's efforts to champion the benefits of SMSFs.

Ex-drug dealers now hitting-up SMSFs: ACC

BEN COLLINS  |  THURSDAY, 14 FEB 2013
Australia's criminal intelligence agency, the ACC is witnessing an increasing number of the illegal operations, with many organised crime rings - formerly involved in drug trafficking - now targeting investors, as the profits were better and there was ...

Industry urged to understand changes to transfer rules

BEN COLLINS  |  THURSDAY, 14 FEB 2013
... conference, SPAA technical director Peter Burgess reminded delegates that this year it would become harder for clients (with SMSFs) to transfer listed assets they hold personally, into their funds. Burgess, who is responsible for SPAA's technical policy ...