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Showing 331 - 340 of 1390 results for "SMSFS"

ASIC calls out accountants

ELIZA BAVIN  |  TUESDAY, 5 NOV 2019
... and that it appeared to distort the conduct of accountants. ASIC said: "It appeared to lead accountants to recommending SMSFs because this was the only financial advice they could legally provide without an AFS license, even when an APRA-regulated superannuation ...

SMSF scheme sees creator jailed

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... demonstrates that promoters who encourage illegal early access to superannuation will be held accountable. "While the majority of SMSFs do the right thing, this case serves as a reminder that there are severe penalties for those who attempt to cheat ...

SMSFs can meet aspirational lifestyle: Research

HARRISON WORLEY  |  TUESDAY, 22 OCT 2019
... shows typical 65-year-old SMSF couples should be confident of funding a lifestyle worth $82,400 a year, while singles in SMSFs are on track to achieve lifestyles worth $65,300, easily clearing ASFA's comfortable retirement standards. "However, our previous ...

Former adviser cops 12 years in jail

HARRISON WORLEY  |  FRIDAY, 18 OCT 2019
... farm operated by other entities Jayaweera controlled. According to ASIC, Jayaweera also invested the funds of some clients' SMSFs into ADSIF without their knowledge. With the abalone farm wound up by receivers, Jayaweera's clients are set to receive ...

AustralianSuper rules out SMSF options

KANIKA SOOD  |  THURSDAY, 17 OCT 2019
... self-managed-superannuation, unlike HostPlus which made the move in June. The $43 billion HostPlus opened up some of its options to SMSFs, with the goal of retaining members leaving the fund to set up an SMSF and to attract those winding down an SMSF. ...

ASIC drags former adviser to court

HARRISON WORLEY  |  THURSDAY, 17 OCT 2019
... in the Downing Centre Local Court in Sydney. In January the Federal Court slammed Miller with a 25-year ban for advising SMSFs and other CFS Private Wealth clients to transfer more than $4.7 million in funds which were used in for his personal purposes ...

SMSFs not for everybody: ASIC

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... less suitable for low-balance members. The corporate regulator is urging Australians to consider the potential downsides of SMSFs, and believes many people set up SMSFs which are inappropriate for their circumstances. According to ASIC, there are eight ...

Adviser cops three-year ban

KANIKA SOOD  |  WEDNESDAY, 25 SEP 2019
... sections 920A(1) and 920B(2). Marshall holds a diploma of financial services (financial planning) and other qualifications in SMSFs, mortgage broking and finance. He is also a member of the Association of Financial Advisers, according to ASIC's Financial ...

ASIC bans SMSF business director

HARRISON WORLEY  |  THURSDAY, 22 AUG 2019
... to appoint a liquidator last year - was a self-managed super fund business which allowed clients to access money within SMSFs to buy a home. According to ASIC, Superfunded provided financial services and engaged in credit activities, but held neither ...

Risk advisory firms merge

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2019
... last year, MBS formed a joint venture with HLB Mann Judd to deliver personal risk protection strategies for individuals, SMSFs and business clients. Two years earlier, it joined forces with Pitcher Partners. "The opportunity to expand this offering via ...