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Showing 261 - 270 of 1390 results for "SMSFS"

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 ...

ASIC takes SMSF accountant to court

ANNABELLE DICKSON  |  TUESDAY, 24 NOV 2020
... 2019, Thorne was a representative of former AMP subsidiary SMSF Advice and was found to have advised clients to establish SMSFs without considering their personal circumstances. The regulator found that Thorne did not adequately stress-test SMSF strategies ...

SMSFs are cost-effective, deliver for members

KARREN VERGARA  |  MONDAY, 23 NOV 2020
... industry funds a run for their money in terms of fees and returns. Joint research by the SMSF Association and Rice Warner found SMSFs with $200,000 or more are cost competitive with both industry and retail super funds. Balances of $500,000 or more are ...

Federal Court freezes investment scam, winds up SMSF operator

ANNABELLE DICKSON  |  TUESDAY, 27 OCT 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 ...

SMSF changes unlikely to mushroom new funds

KANIKA SOOD  |  FRIDAY, 25 SEP 2020
Allowing more members in SMSFs is unlikely to spur their establishment rates, according to a submission by University of Sydney's Susan Thorp. Earlier this month, a bill to increase the maximum number of SMSF members from four to six was reintroduced ...