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| | | ... provide feedback on the consultation until 31 August 2018. The Government has recently proposed other changes for the SMSF sector, including expanding the limit on the maximum number of SMSF members from four to six, and extending SuperStream to include ... |
| | | | ... at risk," he said. Acknowledging the report, the SMSF Association said it will continue to work with ASIC and the SMSF sector to ensure that advice standards improve across the sector, particularly through SMSF education. "The report has highlighted ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
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