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Showing 101 - 110 of 264 results for "SMSF sector"

SMSF cash balances not ballooning: BGL

KANIKA SOOD  |  WEDNESDAY, 13 JUN 2018
... balances of the 140,000 funds hosted on its platform - in an analysis Lesh said is "reasonably representative" of the SMSF sector. "And while I am not a great supporter of a lot of the SMSF statistical analysis bandied around by some, with our software ...

Industry fund calls for tougher SMSF rules

KARREN VERGARA  |  WEDNESDAY, 13 JUN 2018
... poor performance of SMSFs with lower balances as unsustainable and posing a major risk to members. The PC noted the SMSF sector has broadly tracked the long-term investment performance of APRA-regulated funds, on average. However, smaller SMSFs (balances ...

SMSFs missing out on returns

KANIKA SOOD  |  WEDNESDAY, 6 JUN 2018
The SMSF sector, which has traditionally shied from growth assets, underperformed default MySuper investment strategies by 1.2 percentage points in the 12 months to April 2018. The average SMSF returned 6.6% before fees and tax, while the average default ...

Two-tier super system emerging: KPMG

HARRISON WORLEY  |  WEDNESDAY, 16 MAY 2018
... expected to see a 50% reduction in fund numbers and we expect this to be slightly less in retail. By contrast we see the SMSF sector continuing to expand," Howes said. Commenting on the firm's expectations that superannuation regulatory changes will ...

Government to increase SMSF member limit

KARREN VERGARA  |  MONDAY, 30 APR 2018
... have been lobbying for these changes for more than five years, arguing they will prove extremely beneficial to the SMSF sector by reducing red tape," he added. Verante Financial Planning director and SMSF specialist adviser Liam Shorte said on Twitter ...

ASIC disqualifies two SMSF auditors

ALEX BURKE  |  TUESDAY, 10 APR 2018
... continuing professional development requirements. "SMSF auditors play a fundamental role in promoting confidence in the SMSF sector so it is crucial that they adhere to ethical standards and other requirements," ASIC commissioner John Price said. "ASIC ...

SMSF tool receives industry tick

HARRISON WORLEY  |  MONDAY, 9 APR 2018
... help SMSF trustees and advisers remain compliant with new regulations. The SMSF regulator's new bulletin ensures the SMSF sector is given timely updates on any new or emerging potential compliance risks stemming from superannuation regulatory and income ...

Convicted SMSF auditor disqualified

KANIKA SOOD  |  MONDAY, 19 MAR 2018
... February. ASIC Commissioner John Price said: "SMSF auditors play a fundamental role in promoting confidence in the SMSF sector. ASIC will continue to take action where the conduct of SMSF auditors is inadequate." In October 2017, the Melbourne County ...

Labor's imputation credit reform cops industry backlash

KARREN VERGARA  |  WEDNESDAY, 14 MAR 2018
... self-managed super funds (SMSF). The SMSF Association has hit back at the proposal claiming it unfairly targets the SMSF sector. SMSF Association chief executive John Maroney said it singles out SMSF members who will be part of a small group taxed higher ...

SMSF industry hails ATO appointment

JAMIE WILLIAMSON  |  TUESDAY, 6 MAR 2018
... forging the SMSF Association-ATO strategic partnership, and for nurturing the ongoing positive relationship between the SMSF sector and the tax office," he said. A spokesperson for the ATO confirmed that Fleming will commence in the new role on 2 July ...