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Showing 341 - 350 of 1390 results for "SMSFS"

ATO warns of SMSF concentration risk

KRISTI CHENG  |  WEDNESDAY, 14 AUG 2019
The Australian Tax Office is set to contact tens of thousands of SMSFs warning of the risks of being too concentrated. The ATO announced it will be contacting around 17,700 SMSF trustees and auditors at the end of the month who they suspect may be holding ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
The Australian Securities and Investments Commission (ASIC) permanently banned a former financial adviser who stole more than $200,000 from client self-managed superannuation funds. Robert Michael of Bentleigh, Victoria has been permanently banned from ...

UniSuper advice offering surges

KARREN VERGARA  |  TUESDAY, 30 JUL 2019
... are frequently asked. UniSuper chief financial advice Jack McCartney said the FUA growth has been spurred by inflows from SMSFs, family take-up of the fund's personal accounts offering and increased access to dedicated member centres. "We are on ...

ATO clarifies SMSF death benefit income streams

KARREN VERGARA  |  MONDAY, 22 JUL 2019
... death benefit income streams, which a self-managed superannuation fund specialist has labelled as "confusing". The ATO said SMSFs recently raised a number of questions around the interaction between compulsory cashing requirements when a member dies ...

Politicians dishonest about fraud: VOFF

HARRISON WORLEY  |  MONDAY, 15 JUL 2019
... ASIC's advice to investors." VOFF said it then scolded Shorten later in the year after he suggested Trio victims with SMSFs - around 8% of people affected by the fraud - had erred by putting their retirement savings into troubled funds. According ...

Advisers struggle with untapped SMSF market

KARREN VERGARA  |  FRIDAY, 12 JUL 2019
... a seven-year low. This is according to Vanguard and Investment Trends' March 2019 SMSF Report, which found the number of SMSFs have skyrocketed disproportionately to the financial advice rendered to this cohort between 2009 and 2019. The number of SMSFs ...

MySuper eyes SMSF stronghold

KARREN VERGARA  |  THURSDAY, 27 JUN 2019
... Rainmaker's MySuper Report found the MySuper asset pool hit $713 billion at the end of March 2019, growing 11% year on year. SMSFs on the other hand grew by just 4.5% to $746.6 billion. MySuper is growing 60% faster than the broader superannuation ...

Hostplus makes bid for SMSF money

KANIKA SOOD  |  WEDNESDAY, 19 JUN 2019
... to set up an SMSF," Hostplus group executive, member experience Paul Watson told Financial Standard. "Also in time, all SMSFs have an end game when they may want to unwind them and look for a way to invest their super. The new options allow us to have ...

ASIC chases licensee over conflicted remuneration

HARRISON WORLEY  |  THURSDAY, 13 JUN 2019
... Beginning civil penalty proceedings in the Federal Court yesterday, ASIC alleged The SMSF Club advised clients to set up SMSFs and then use the SMSF to purchase property marketed by Positive RealEstate, a firm The SMSF Club held a referral agreement ...

DomaCom launches senior equity release product

ELIZABETH MCARTHUR  |  THURSDAY, 13 JUN 2019
... testing. The senior equity release will mean advisers can connect aged clients with wealth accumulation clients such as SMSFs - who may have a similar time horizon in terms of their respective needs. Seniors can apply to sell a fraction of their home ...