Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 381 - 390 of 2593 results for "SMS"

Mixed reviews for advice industry reviewer

KARREN VERGARA  |  MONDAY, 14 MAR 2022
Lawyer Michelle Levy's appointment in overseeing the Quality of Advice Review has received a mixed reception from the financial advice industry. The Association of Independently Owned Financial Professionals executive director Peter Johnston called ...

Industry funds buoyed by unlisted assets

KARREN VERGARA  |  FRIDAY, 11 MAR 2022
Industry superannuation funds tend to outperform SMSFs and retail funds thanks to their allocation to unlisted assets and by managing investments internally. An Industry Super Australia analysis found that a member who joined an industry fund in 1996 ...

Women own $1.2tn in super: Research

CHLOE WALKER  |  TUESDAY, 8 MAR 2022
About $1.2 trillion of the total superannuation savings held by Australians belongs to women, with most held by Australian Retirement Trust while Rest has the most female members. Rainmaker Information analysis of super fund information published by ...

ASIC stands against suspicious SMSF auditing

CHLOE WALKER  |  MONDAY, 7 MAR 2022
To help protect the integrity of self-managed superannuation fund (SMSFs) audits, ASIC has accepted voluntary cancellations or imposed conditions on the registration of several SMSF auditors. These auditors were involved in reciprocal audit arrangements ...

Member contributions lift super assets to $3.5tn

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
Voluntary member contributions helped push the superannuation asset pool to a new record of $3.5 trillion at the end of 2021. The latest statistics from the prudential regulator shows total superannuation assets grew 14% to $3.47 trillion year on year. ...

Value strategy drags Clime's performance

KARREN VERGARA  |  MONDAY, 28 FEB 2022
Clime Investment Management's value and quality-based investing strategies pushed the group's performance well into the red in the half-year to December. The ASX-listed firm reported a $282,344 loss in investments, assets which were worth significantly ...

SuperConcepts refreshes SuperMate

CHLOE WALKER  |  FRIDAY, 25 FEB 2022
SuperConcepts has officially released its new look SMSF software, SuperMate. Launched yesterday during an online event, SuperConcepts chief executive Grant Christensen said SuperMate Classic users will be able to work under a hybrid model, "processing ...

SMSFA welcomes ATO adjustments

CHLOE WALKER  |  THURSDAY, 24 FEB 2022
The SMSF Association has welcomed adjustments made by the Australian Tax Office (ATO) to align its SMSF performance calculations more closely with the methodology used for APRA-regulated funds. In its 2019-20 SMSF statistical overview report, the ATO ...

SMSF sector grows 11%: ATO stats

JAMIE WILLIAMSON  |  TUESDAY, 22 FEB 2022
The latest annual figures from the ATO show the SMSF sector bounced back from the horrors of COVID-19 to add $80 billion in the year to 30 June 2021. Releasing data today, the ATO said total assets in SMSFs hit $822 billion at 30 June 2021. This is ...

Expansion strategy boosts Sequoia results

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
The diversification strategy of Sequoia Financial Group's licensee services business has delivered strong results in the interim reporting period. The professional services division, which provides licensed services to financial advisers, as well ...