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Showing 361 - 370 of 1390 results for "SMSFS"

Former Millennium3 adviser banned

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
... running a self-managed super fund (SMSF). The ASIC surveillance revealed that the true costs of running the recommended SMSFs were significantly higher than Foster disclosed to clients and that Foster disclosed fees in percentage terms rather than dollar ...

Industry funds eye SMSF market stronghold

KARREN VERGARA  |  TUESDAY, 16 APR 2019
Industry funds will shortly take the lead from SMSFs as the sector with the largest assets under management, new KPMG research predicts. KPMG's annual Super Insights report suggests by 2029, industry funds will have more than $2 trillion in assets and ...

$1.5bn pulled from Pendal

KARREN VERGARA  |  FRIDAY, 12 APR 2019
... superannuation will move into an expanded business arm. The financial adviser-established super segment, which includes SMSFs, has 380,000 members and $87 billion in FUM. Employer-established super has 462,000 members, 17,000 employers and $23 billion ...

Founder leaves SMSF Association

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
... Stadium Management Authority & Commercial Operations. Slattery co-founded the association in 2003 when there was about 130,000 SMSFs with funds under management at $109 billion in Australia. Now, there are 596,000 funds in the sector and $755 billion ...

SMSFs outshine industry funds for large balances

KARREN VERGARA  |  TUESDAY, 9 APR 2019
... consumers' satisfaction with industry super funds tapered off once the account balance hit $700,000 and over, at which point SMSFs registered the highest rating of 82.1% compared to 76.7%. The report canvassed more than 30,000 members to find satisfaction ...

New SMSF admin platform launches

KARREN VERGARA  |  TUESDAY, 9 APR 2019
... said. "Recent changes to superannuation regulations has resulted in the need for real-time administration and monitoring of SMSFs, particularly when fund members start to draw down on their accumulated benefits." Armidale-based Locke also created Practical ...

Heffron reshuffles leadership

HARRISON WORLEY  |  FRIDAY, 29 MAR 2019
... focusing on Heffron's 2020 vision, while Martin will focus on our 2030 goals. "My passion is turning technical knowledge about SMSFs into something tangible that accountants and advisers can use in their practice to help their clients and grow their ...

CFR, ATO report on SMSF borrowing arrangements

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... Council of Financial Regulators (CFR) and the Australian Tax Office (ATO) has found limited recourse borrowing arrangements in SMSFs are not a risk to the financial system. The report by CFR and ATO was commissioned by the government as part of their ...

Macquarie axes SMSF residential property loans

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
... The Labor party have also indicated that they plan to effectively ban all new limited recourse borrowing arrangements in SMSFs if they are elected.

Slow but steady: SMSF growth continues

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... sector, followed by $8.5 billion in 2017 and a further $8.6 billion last year. Over the same period, the money flowing out of SMSFs has been modest - but it is increasing. In 2016, just $1.4 billion left the self-managed sector. But last year, $2.7 billion ...