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What will estate planning look like in 2020?

DARREN SNYDER  |  WEDNESDAY, 4 APR 2018
... tax increase on super earnings, the technical services expert predicts it would be a small amount at about 5%. It could apply to contributions but it should never apply to non-concessional contributions, Chew said. "Let's not be fearful of every dollar ...

PwC urges super trustees to fast-track GDPR compliance

KARREN VERGARA  |  WEDNESDAY, 4 APR 2018
... to what extent they will need to update their privacy and data protection frameworks to meet GDPR requirements. It will apply to all personal information collected including membership information, identity characteristics, contact details, tax file ...

Industry welcomes pensioners' dividend tax policy exemption: Poll

KARREN VERGARA  |  TUESDAY, 3 APR 2018
... without the exemption from Labor's no-cashback policy on dividend imputation." Versteege added the exemption would also apply to Newstart recipients. "This is important to older Australians who have not yet reached pension age and are long-term unemployed." ...

Focus on tax outcomes to drive up member returns: Parametric

ALEX BURKE  |  TUESDAY, 3 APR 2018
Research from Parametric shows a tax-efficient super investment portfolio can demonstrably improve member outcomes. The report, co-authored by chief investment officer Paul Bouchey, research managing director for Australia Raewyn Williams and researcher ...

New law tightens unpaid SG penalties

KARREN VERGARA  |  THURSDAY, 29 MAR 2018
... "Importantly, in cases where employers defy directions to pay their superannuation guarantee liabilities, the ATO will be able to apply for court ordered penalties, including up to 12 months imprisonment," O'Dwyer said. The legislation will also extend ...

US hedge fund slams Blue Sky

ALEX BURKE  |  THURSDAY, 29 MAR 2018
... Apollo, KKR and Blackstone, these companies have an enterprise value that is, on average, 13% of their fee-earning AUM. "If we apply the same ratio to Blue Sky, and factor in a corporate governance discount, we estimate that the company's shares are ...

Government increases market manipulation penalties

JAMIE WILLIAMSON  |  THURSDAY, 29 MAR 2018
... years imprisonment. Meanwhile, corporate bodies will be subject to a maximum penalty of $9.45 million. The penalties also apply to foreign nationals and institutions, even when the conduct takes place abroad and results in an Australian entity suffering ...

MGP partners with advice firm

JAMIE WILLIAMSON  |  TUESDAY, 27 MAR 2018
Managed Accounts Holdings is adding $160 million in funds to its new MDA Service offering through a new partnership. Independent financial advice firm Bennett & Co has implemented the platform's MDA Service after a competitive review process to support ...

ABA makes new code compulsory

KANIKA SOOD  |  MONDAY, 26 MAR 2018
... called the Banking Code of Compliance Committee (BCCC) which will monitor compliance with the code, investigate breaches, and apply sanctions. The code, when signed by a bank, will have the force of law. ABA's move comes as the financial services industry ...

GROW Super begins group insurance innovation

JAMIE WILLIAMSON  |  THURSDAY, 22 MAR 2018
... insurance that can be overcome using the right technology. This partnership will enable us to explore these technologies and apply them to our business quickly and efficiently where genuine value can be created and delivered to clients," Obertopp said. ...