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Showing 91 - 100 of 590 results for %22SMSF Association%22

ASFA calls for super fairness

ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
... superannuation is system is well-designed it has concerns about the fairness of the system. ASFA is concerned that when the SMSF transfer balance cap (TBC) is indexed on 1 July 2021 from $1.6 million to $1.7 million that it will cause confusion for members ...

Hume advocates for affordable advice

KARREN VERGARA  |  WEDNESDAY, 20 JAN 2021
... way Australians could maximise their income in retirement." After consulting members and in response to CP332, SMSF Association chief executive John Maroney said: "[We] found that the advice process is lengthy, costly and prioritises compliance and the ...

Legacy pensions score win

KARREN VERGARA  |  WEDNESDAY, 13 JAN 2021
The SMSF Association has welcomed a new law that will allow the partial commutation of legacy pensions. The change was announced in the federal government's mid-year economic and fiscal outlook (MYEFO), which was released last December. Retirees with ...

AMP adviser numbers shrivel

ELIZABETH MCARTHUR  |  TUESDAY, 12 JAN 2021
... in 2020, with the institution no longer the largest AFSL in the country by number of advisers. The largest AFSL is now the SMSF Adviser Network which had 839 advisers as at 31 December 2020. AMP Financial Planning lost the most advisers of any AFSL in ...

SMSFs are cost-effective, deliver for members

KARREN VERGARA  |  MONDAY, 23 NOV 2020
... are giving retail and industry funds a run for their money in terms of fees and returns. Joint research by the SMSF Association and Rice Warner found SMSFs with $200,000 or more are cost competitive with both industry and retail super funds. Balances ...

Treasury expected to release retirement review

KANIKA SOOD  |  THURSDAY, 19 NOV 2020
... three-person panel of Treasury veteran Mike Callaghan, former Future Fund board member and banker Carolyn Kay and former SMSF Association chair Deborah Ralston produced the 600-page report. Their job was not to make any recommendations (akin to the Royal ...

Sam Henderson sentenced

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... given a statement of advice by Henderson which contained a recommendation that she leave her super fund and establish an SMSF - the recommendation would have seen the client $500,000 worse off. When that client complained to the Financial Planning Association ...

Vanguard to cull institutional mandates

KANIKA SOOD  |  FRIDAY, 2 OCT 2020
... gotten an APRA licence. Vanguard's head of corporate affairs Robin Bowerman was appointed the chair of the SMSF Association in October 2019 but moved to deputy chair in February. In exchange traded funds (ETFs), Vanguard holds a 31% share with roughly ...

SMSF member increase bill reintroduced

ANNABELLE DICKSON  |  THURSDAY, 3 SEP 2020
... options are to create two SMSFs (which would incur extra costs) or place their superannuation in a large fund." The SMSF Association welcomed the changes to the maximum number of allowable members. SMSF Association chief executive John Maroney said ...

Sam Henderson pleads guilty

ELIZABETH MCARTHUR  |  TUESDAY, 25 AUG 2020
... given a statement of advice by Henderson which contained a recommendation that she leave her super fund and establish an SMSF - the recommendation would have seen the client $500,000 worse off. When that client complained to the Financial Planning Association ...