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Showing 1311 - 1320 of 2559 results for "SMSF"

SMSFs could own Kidman Station

LAURA MILLAN  |  WEDNESDAY, 9 DEC 2015
A crowd-funded initiative is proposing that self-managed super funds (SMSFs) raise about $360 million to acquire Kidman Station. The initiative, started by retail investment platform DomaCom and financial adviser Stephen Burgin, was set up following ...

Class to list on ASX before Christmas

DARREN SNYDER  |  WEDNESDAY, 9 DEC 2015
... portfolios by more than 11,000 between 1 July 2015 and 31 October 2015. AMP informed Class earlier this year it will be moving SMSF portfolios to one of AMP's newly acquired businesses, being SuperIQ or SuperCorp. The AMP acquisitions meant Class had ...

Over 30% SMSFs hold low balances: research

LAURA MILLAN  |  MONDAY, 7 DEC 2015
... study held less than the $200,000 soft benchmark recommended by ASIC. The latest Financial Services Council (FSC) and UBS SMSF report shows that 19% of the 601 funds surveyed hold less than $99,999, while a further 13% hold between $100,000 and $199,999. ...

SMSFs ramp up trading in turbulent markets

LAURA MILLAN  |  FRIDAY, 4 DEC 2015
Self-managed super fund (SMSF) investors are making the most of recent volatility and buying cheap when the market is low, CommSec trading data shows. CommSec SMSFs trading patterns for the week ending 28 August 2015, which included the biggest single ...

No change to super tax subsidy measure

ALEX DUNNIN  |  FRIDAY, 4 DEC 2015
... were held in August although only 13 submissions were received. But despite the intense lobbying by groups that included the SMSF Association, the SMSF Owners Alliance, the Centre for Independent Studies, the Financial Services Council and the Chartered ...

Third SMSF auditor banned

DARREN SNYDER  |  THURSDAY, 3 DEC 2015
... Australian Securities and Investments Commission (ASIC) has continued its crackdown on self-managed superannuation fund (SMSF) auditors, disqualifying a third person in as many days. James Dermody of New South Wales is disqualified from being an SMSF ...

Pessimistic investment horizon for super

DARREN SNYDER  |  THURSDAY, 3 DEC 2015
The investment horizon for superannuation funds and other asset owners is at best pessimistic because the financial services industry is yet to fully wake from the Global Financial Crisis (GFC). Principles for Responsible Investment (PRI) chair Martin ...

ASIC bans another SMSF auditor

ALEX BURKE  |  WEDNESDAY, 2 DEC 2015
... South Wales auditor Manoj Abichandani who was deemed by the regulator to be not a fit and proper person to be an approved SMSF auditor. "It is critical that approved SMSF auditors perform their role adequately and meet professional standards to promote ...

SMSF auditor disqualified

MARK SMITH  |  MONDAY, 30 NOV 2015
ASIC has disqualified an SMSF auditor for providing untruthful statements that were deliberately misleading. Manoj Abichandani of New South Wales was also deemed by the regulator as not a fit and proper person to be an approved SMSF auditor. ASIC imposed ...

SMSFs hurt more than APRA funds in downturn

MARK SMITH  |  MONDAY, 30 NOV 2015
The SMSF segment of the superannuation system suffered more in the recent market correction, the latest APRA figures for the September quarter show. Total super assets dropped in the September quarter by 1.6% from $2.03 trillion to $1.99 trillion. For ...