Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 231 - 240 of 1381 results for "SMSFs"

UK lender targets SMSFs in Australia

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
... developers of small to medium-sized residential property projects via its platform. In Australia, CrowdProperty will be targeting SMSFs alongside wholesale investors and institutional lending groups. "Our solution matches investor capital more directly ...

Rise of the mega funds continues

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
... June 2020, industry funds accounted for 29.6% of the industry. KPMG predicts that by 30 June 2021 they will have overtaken SMSFs and, by 2025, represent 36% of the market. In 2019/20, the number of APRA-regulated funds dropped from 171 to 154. In addition ...

Mawhinney banned for 20 years

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
... the impression that Mayfair debenture products were as risk-free as bank term deposits and invested in them through their SMSFs. Investors in these products are yet to receive any compensation as Grant Thornton continues to work to liquidate funds.

AustralianSuper adds gold ETF to menu

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 MAR 2021
... AustralianSuper members via their own direct investment platform," ETF Securities head of distribution Kanish Chugh added. "Whilst SMSFs have been strong investors in ETFs and other listed options, super funds are now increasingly offering this option ...

Raiz expands to SMSF market

ANNABELLE DICKSON  |  FRIDAY, 19 MAR 2021
The micro-investing platform is targeting SMSFs with its custom portfolio option, giving members more control over their portfolio allocations. The recently launched custom portfolio option is now available to SMSFs and allows users to build their own ...

Former AMP adviser in enforceable undertaking

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
... representative of SMSF Advice, a wholly owned subsidiary of AMP, when she allegedly received referrals in relation to establishing SMSFs from Park Trent Properties. ASIC found that Thorne had advised clients to establish an SMSF without taking their ...

Dodgy SMSF operator loses appeal

ELIZABETH MCARTHUR  |  FRIDAY, 12 MAR 2021
... found to have falsely lodged 125 SMSF annual returns over nine years which declared that self-managed superannuation funds (SMSFs) had been audited when in fact they had not. Following a referral from the ATO over SMSF auditor number misuse, the TPB ...

Women boost SMSF balances

ANNABELLE DICKSON  |  WEDNESDAY, 10 MAR 2021
... period to the 2018/19 financial year, new data shows. The Australian Taxation Office's (ATO) annual statistical overview on SMSFs showed the average female balance increase by 28% while males increased by 22%. Despite this, there is still a disparity ...

SMSFs given small LRBA win

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... treated as a deemed unfranked dividend. The relevant income will not be taxed as non-arm's length income either. About 10% of SMSFs have LRBAs, the majority of which use the debt to acquire property. "We had previously highlighted an inconsistency between ...

ASIC zeroes in on bad SMSF advice, conduct

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... consumers, Press said, making Squirrel Superannuation as a case in point. "The provision of misleading information about SMSFs undermines the sector and limits the ability of Australians to make confident and informed choices," she said. While ASIC does ...