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Showing 341 - 350 of 1833 results for "Managed Super"

SMSF scheme sees creator jailed

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
A 51-year-old was found to have unlawfully created, operated and benefitted from a fraudulent self-managed superannuation fund. Kent Nguyen was sentence to three years in prison after pleading guilty to orchestrating an illegal early release of a superannuation ...

SMSFs can meet aspirational lifestyle: Research

HARRISON WORLEY  |  TUESDAY, 22 OCT 2019
Latest research shows a significant proportion of Australians with self-managed super funds are set to retire with enough savings to fund lavish retirement lifestyles. SMSF actuarial certificate supplier Accurium claims many retirees with self-managed ...

Former adviser cops 12 years in jail

HARRISON WORLEY  |  FRIDAY, 18 OCT 2019
A former Brisbane financial adviser will serve at least six years behind bars, after being found guilty of six charges of dishonestly causing detriment to clients to the tune of $5.9 million. After a three-week trial, former Growth Plus Financial Group ...

ASIC nudges robo-adviser to shutter

ELIZABETH MCARTHUR  |  FRIDAY, 18 OCT 2019
... tax and investment and superannuation recommendations. Plenty Plus provided advice on the establishment of self-managed super funds, purchasing property with super, commencing and ceasing pensions and contributions into super. ASIC raised concerns with ...

ASIC drags former adviser to court

HARRISON WORLEY  |  THURSDAY, 17 OCT 2019
... payments to other clients as dividend payments. All told, seven clients made 12 investments - including through self-managed super funds - to CFS totaling $1.865 million. The court adjourned the matter until December 17, when it will then be mentioned ...

Code monitoring move disappoints industry

ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
... FPA in conjunction with the Boutique Financial Planners, the Financial Services Institute of Australasia, the Self-Managed Super Fund Association and the SAFAA. Brad Fox, former chief executive of the AFA and current managing director of SmartBrave Consulting ...

SMSFs not for everybody: ASIC

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
ASIC is warning Australians to consider the appropriateness of self-managed super funds, noting controversial Productivity Commission findings which show the super vehicle is less suitable for low-balance members. The corporate regulator is urging Australians ...

Morgans snaps up CommSec Advisory business

ELIZA BAVIN  |  TUESDAY, 24 SEP 2019
... platforms," Clifford said. CommSec Advisory offers financial advice to clients, including high-net worth clients and self-managed super funds. CommSec Advisory staff will be invited to join Morgans' offices in Brisbane, Sydney, Melbourne and Perth. ...

Members shift to industry super funds

KARREN VERGARA  |  THURSDAY, 29 AUG 2019
... Industry funds on the other hand grew by 13.8% year on year to $718.7 billion, inching closer to the size of the self-managed super fund sector of $747.6 billion. Overall, the superannuation pool grew by 6.2% year on year to $2.9 trillion, APRA's ...

ASIC bans SMSF business director

HARRISON WORLEY  |  THURSDAY, 22 AUG 2019
... ASIC explained when applying to the Federal Court for permission 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 ...