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Showing 1321 - 1330 of 2599 results for "SMS"

Magellan prepping ASX-quoted version of infra fund

MARK SMITH  |  FRIDAY, 18 DEC 2015
Magellan Asset Management is replicating the structure of its innovative ASX-quoted managed fund for its global listed infrastructure fund. The move, expected to be completed in the first half of 2016, follows the success of the listed Magellan Global ...

Mine Wealth + Wellbeing partners admin newcomer

MARK SMITH  |  THURSDAY, 17 DEC 2015
Mine Wealth + Wellbeing is changing its administration systems provider to Recreo Financial, a small fintech company with its early experience in the SMSF market. The deal sees the$9.5 billion mining industry super fund taking a minority stake in Recreo. ...

MYEFO writes down billions in super fund taxes

DARREN SNYDER  |  WEDNESDAY, 16 DEC 2015
The federal government has all but conceded superannuation funds will not have the greatest 2016 after significant tax write downs in the Mid-Year Economic and Fiscal Outlook (MYEFO) were released yesterday. Superannuation fund taxes have been written ...

PwC appoints SMSF specialist

DARREN SNYDER  |  WEDNESDAY, 16 DEC 2015
A growing number of PwC clients moving in to self-managed superannuation funds (SMSFs) has led to a new appointment at the professional services firm. Recently joining as director of PwC Private Clients is Liz Westover. She is expected to bolster PwC's ...

SMSF capability added to BT Panorama

MARK SMITH  |  MONDAY, 14 DEC 2015
BT is ready with the first phase of its new SMSF offering, which offers access to all the investments on the BT Panorama platform. Launching in early 2016, the new solution allows advisers, accountants and their clients to collaborate on the establishment ...

Retail funds risk member exodus

LAURA MILLAN  |  THURSDAY, 10 DEC 2015
More than 20% of retail superannuation fund members are thinking about leaving within the next five years, CoreData research found. Members likely or very likely to move to another fund regulated by the Australian Prudential Regulation Authority (APRA) ...

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
Self-managed superannuation administrative software provider Class is expected to commence trading on the Australian Securities Exchange (ASX) from 16 December 2015. Class closed its IPO offer on 4 December with about $25 million allocated to new investors ...

Over 30% SMSFs hold low balances: research

LAURA MILLAN  |  MONDAY, 7 DEC 2015
A total of 32% of self-managed super funds (SMSFs) surveyed in a recent 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 ...

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 ...