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Showing 141 - 150 of 1274 results for "SMSFs"

ASIC takes fintech to court

KARREN VERGARA  |  WEDNESDAY, 6 JAN 2021
... material in July 2018. Five months later, ASIC commenced its investigation. "The provision of misleading information about SMSFs undermines the SMSF sector and limits the ability of Australian consumers to make confident and informed decisions about ...

Super industry to branch out: Rice Warner

ELIZA BAVIN  |  WEDNESDAY, 23 DEC 2020
... members," it said. "Funds will target families rather than individual members and provide support for couples in the same way SMSFs do today. This will deliver tailored and more appropriate outcomes to members." The way in which funds invest will also ...

ATO backs SMSFs as strong retirement choice

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
The Australian Taxation Office assistant commissioner said he is focused on ensuring SMSFs remain a strong and credible retirement planning choice for Australians going forward. In an end of year message, assistant commissioner Justin Micale said as ...

Vale Martin Heffron

ELIZABETH MCARTHUR  |  TUESDAY, 15 DEC 2020
... loved ones at this very difficult time." Martin Heffron had spent more than three decades working in superannuation and SMSFs. He was the chair of the Chartered Accountants Australia and New Zealand's SMSF committee and was on the board of Hunter ...

SMSFs dump $30bn in shares

ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
... by nearly $30 billion in the 12 months prior. Despite this, listed shares remain the top asset in terms of value held by SMSFs, at 25% of $728 billion in total estimated assets. Cash and term deposits decreased marginally from $154.4 billion to $153.3 ...

Super satisfaction bounces back

ANNABELLE DICKSON  |  THURSDAY, 10 DEC 2020
... since the start of the pandemic but is still down 3.1% 12 months prior. Satisfaction with self-managed superannuation funds (SMSFs) had the largest increase by sector at 1.5% to 65.3% despite suffering the largest annual decline at 10.4%. Satisfaction ...

AllianceBernstein Australia eyes ETFs

KANIKA SOOD  |  MONDAY, 7 DEC 2020
... its strategies, or the advice/institutional split. Driscoll said she expects the ETF's investors to come primarily from SMSFs and financial advisers who prefer listed funds. The fees for the quoted units will be the same at 55bps per year. The exchange ...

Director charged with dishonest conduct

ANNABELLE DICKSON  |  FRIDAY, 4 DEC 2020
... Investments marketed itself as a direct property development investor and received around $2.4 million in funds from 28 different SMSFs in the period from early 2017 to late 2019 but did not hold a licence. Naseeruddin encouraged investors to move their ...

Your Future, Your Super reforms closer to legislation

KARREN VERGARA  |  FRIDAY, 27 NOV 2020
... compromising member outcomes and eroding retirement incomes". The new law will regulate both trustees of super funds and SMSFs, prohibiting certain payments unless certain conditions are met. In quantifying financial benefits to members and as part of ...

Super sneaks back to $3tn in assets

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
... including approximately $34 billion paid under the early release of super scheme (ERS) which came into effect on 20 April 2020. SMSFs also lost out in the September quarter with assets falling 4% compared to last year, coming in at $728.2 billion compared ...