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Showing 1491 - 1500 of 2602 results for "SMS"

AMP practice to pay $10,200 penalty

LAURA MILLAN  |  THURSDAY, 12 MAR 2015
A financial planning practice licensed under AMP-owned Charter Financial Planning has been fined with $10,200 for misleading advertising. Victoria-based Australian Financial Planning Solutions (AFPS) has been hit with $10,200 in penalties after the ...

ASIC bans Charterhill director from financial services

ALEX BURKE  |  WEDNESDAY, 11 MAR 2015
Charterhill Group founder and director George Nowak has been banned by ASIC from practicing financial services until 3 July 2017. The grounds for the ban are that Nowak is an undischarged bankrupt, having applied for personal bankruptcy in July 2014. ...

New HNWIs demand unbundled services

ALEX BURKE  |  TUESDAY, 10 MAR 2015
Australia minted nearly 45,000 new millionaires in 2014 but only a handful of them are seeking financial advice, according to Investment Trends' High Net Worth (HNW) Investor Report. Based on a survey of 3,115 Australian millionaires - holding a collective ...

Spring lists on ASX

MARK SMITH  |  TUESDAY, 10 MAR 2015
Spring Financial Group has officially listed on the Australian Securities Exchange. According to the ASX, the company raised approximately $4,450,000 in its initial public offering. Spring provides financial planning, wealth management, insurance, superannuation ...

BGL and CoreLogic launch SMSF property tool

LAURA MILLAN  |  TUESDAY, 10 MAR 2015
BGL Corporate Solutions and CoreLogic RP Data have launched a tool that allows self-managed super funds (SMSFs) and their advisers to request depreciation schedules for residential and commercial property. "This new service means our clients SMSFs will ...

Punitive excess contributions tax removed

MARK SMITH  |  MONDAY, 9 MAR 2015
The bill to remove the punitive tax rates on excess non-concessional contributions made to superannuation funds has passed through the Senate. Assistant Treasurer Josh Frydenberg has said the Tax and Superannuation Laws Amendment (2014 Measures No.7) ...

IGR proves current welfare level is unsustainable: FSC

LAURA MILLAN  |  FRIDAY, 6 MAR 2015
The results of the Treasury's Intergenerational Report prove that Australia's current level of social welfare cannot be sustained and that superannuation will play a key role in addressing the issue, the Financial Services Council (FSC) said. Reacting ...

ECT reforms pass Senate

STAFF WRITER  |  THURSDAY, 5 MAR 2015
The Parliament has passed the latest amendments to the superannuation excess contribution tax (ECT), implementing the final piece of legislation to reform the unpopular tax, says Taxpayers Australia Limited. "The rationale for ECT made sense at the ...

Tax concession debate "simplistic": SMSF Association

MARK SMITH  |  MONDAY, 2 MAR 2015
The SMSF Association's chief executive and managing director Andrea Slattery has called for a more informed debate about the cost of super tax concessions. In a strongly worded media release, Slattery branded the current debate as "misinformed, simplistic ...

Only a quarter of Australians contributing to reach retirement goals

ALEX GAMBOTTO-BURKE  |  FRIDAY, 27 FEB 2015
While over half (55.2%) of Australians know how much savings they will need for a comfortable retirement, only a quarter (24.5%) are making additional super contributions to reach this goal, according to a survey commissioned by Club Plus Super. Club ...