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Showing 161 - 170 of 307 results for "SMSF trustees"

ASIC should regulate SMSFs as a financial product: PwC

LAURA MILLAN  |  WEDNESDAY, 9 APR 2014
... similar to that employed to monitor the provision of financial advice." The regulator should also monitor and test SMSF trustees' requirement to have a documented investment strategy that specifies "how the fund will meet its long term investment objectives ...

ASFA and AIST push for tighter regulation of SMSFs

JAMES FERNYHOUGH  |  WEDNESDAY, 2 APR 2014
... of SMSF regulation prominence in their submissions. ASFA argued that, under current rules, loose regulation means SMSF trustees are not sufficiently protected against consumer risk, such as those posed by the global financial crisis. One answer to this ...

Parliament passes more nuanced SMSF penalties

JAMES FERNYHOUGH  |  THURSDAY, 13 MAR 2014
... superannuation funds (SMSFs) that fail to comply. Previously the ATO had limited options in dealing with non-compliant SMSF trustees, often having to resort either to closing down non-compliant funds or not penalising them at all. The new rules give ...

SPAA calls for reduction in SMSF levy

JAMES FERNYHOUGH  |  MONDAY, 10 MAR 2014
... George said that following the clearing of a backlog of tax amendments the ATO is no longer justified in charging SMSF trustees $259 a year. "These measures, such as related party transactions, SMSF bank verification, SMSF roll-overs being included as ...

ATO doing a good job on SMSFs: Cooper

JAMES FERNYHOUGH  |  FRIDAY, 21 FEB 2014
... formation of this SMSF, and if they don't like the look of you, they won't register you." He said the perception the SMSF trustees could invest irresponsibly, thus putting pressure on the age pension, was a "furphy". "The 'self' part of SMSFs is very ...

Looming pension deeming rules "lack clarity"

ALICE URIBE  |  FRIDAY, 21 FEB 2014
... deeming rules for account based pensions look likely to be passed by the Parliament this year, with SPAA warning SMSF trustees to be prepared despite the lack of available information. SPAA senior manager, technical and policy Jordan George told delegates ...

Planners not meeting SMSF trustee demands

JAMES FERNYHOUGH  |  WEDNESDAY, 19 FEB 2014
... and jointly issued by the SMSF Professionals' Association of Australia (SPAA) and Russell Investments, found that SMSF trustees were sceptical about the value financial planners offer. One focus group participant and SMSF trustee said: "I come to the ...

Strong demand for online education: Wealth Know How

HARRY PAGE  |  FRIDAY, 14 FEB 2014
... demand for accessible financial education. "The focus will be on themes and issues, with an initial emphasis on SMSF trustees and DIY investors. Wealth Know How's Phaedon Vass said people were going online to further their financial literacy before making ...

SMSFs poised to boost infrastructure investing

LAURA MILLAN  |  MONDAY, 10 FEB 2014
... investments would also allow for a more productive and efficient use of SMSF capital which is currently available to SMSF trustees." SMSFs hold an estimated $531.5 billion of assets of the $1.72 trillion superannuation sector as of 30 September 2013 ...

SPAA questions 'free lunch' SMSF service

JAMES FERNYHOUGH  |  WEDNESDAY, 22 JAN 2014
... system" Colley also said the service may limit the range of assets in which the SMSF can invest. He urged potential SMSF trustees to do careful research before starting an SMSF. SPAA's membership includes a large contingent of financial advisers who ...