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Showing 311 - 320 of 1390 results for "SMSFS"

Government loves SMSFs: Hume

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... Jane Hume said the Morrison Government is committed to a vibrant SMSF sector. "A growing number of people are establishing SMSFs at a much younger age," Hume said. "Most importantly, it's driving competition. We're seeing some APRA funds respond to this ...

Advice complaints low: AFCA

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... was the most likely complaint. However, there were around 500 complaints of inappropriate advice last year. In terms of SMSFs, inappropriate advice to establish an SMSF was highlighted by Donald as a trend in complaints that AFCA has noticed. The advice ...

Super chief opposes SG increase

ELIZA BAVIN  |  WEDNESDAY, 19 FEB 2020
... invested in highly regulated MySuper products. "Of the total superannuation assets of $746.2 billion, 25.5% are invested in SMSFs. This is nearly the same amount invested in the highly regulated MySuper products, where $779.2 billion is presently invested," ...

What SMSFs will look like in 2030

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... industry. "I'm going to assume this thing got buggered up and we didn't do the things we have to do to put Australians and SMSFs in the right position for the future," he said. "Not enough Australians are getting financial advice. There are 10.4 million ...

SMSF auditors in firing line

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
... requirements. "ASIC has moved to disqualify, or suspend and/or add conditions to the registration of, a number of auditors of SMSFs," the regulator said. "The actions arose following ASIC concerns about failures to meet requirements including independence ...

Retirement income review must focus on women: KPMG

HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
... self-managed super funds the "pioneer group" for the retirement income system; with SMSFA chief executive John Maroney convinced SMSFs can help the review focus its efforts on the retirement phase. Maroney pointed out many SMSF members have already transitioned ...

SMSF data misleading: BGL

ALLY SELBY  |  FRIDAY, 31 JAN 2020
... expenses, investment expenses and something called 'other amounts' - these expenses only apply to a very small number of SMSFs," Lesh said. "These amounts contribute to 91.3% of the SMSF costs. The average administration cost, after the removal of all ...

Infrastructure boutique hires former Hastings director

KANIKA SOOD  |  WEDNESDAY, 29 JAN 2020
... opportunities for the IPIF Core fund. The fund clubs together investments from smaller investors (minimum size $50,000) such as SMSFs, HNWs, family offices and smaller superannuation funds to meet the minimums for larger unlisted infrastructure funds ...

SMSFA chief slams regulators, FASEA

ALLY SELBY  |  FRIDAY, 24 JAN 2020
... almost $14,000 used by ASIC." He also slammed the ATO for frightening SMSF members. "The ATO also wrote to about 18,000 SMSFs encouraging them to review their investment strategy where they had a high exposure to a single asset class, especially geared ...

DIY SMSF platform launched

ELIZA BAVIN  |  TUESDAY, 21 JAN 2020
A new software application that enables trustees of SMSFs to manage their own fund has been launched. DIY Super Online (DIYSOL) was developed by accountant and SMSF trustee Jeff Bain who said the application was designed to save trustees money on accounting ...