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Showing 31 - 40 of 48 results for "Safe Harbour"

Best-in-show funds pose pressing issues for advisers

KARREN VERGARA  |  WEDNESDAY, 13 JUN 2018
... consistency in the advice provided to clients. It would also, hopefully, provide advisers with a more clearly defined safe harbour than is now the case," he said. But there are a number of drawbacks to this approach, Lavery said. "When it is known that ...

Retirement income paper open for consultation

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
Treasury has laid out principles for its proposed retirement income covenant and is inviting stakeholders to submit consultation for the next four weeks. Here are key takeaways from it. The paper's primary suggestion - as expected -- is that all ...

ATO calls time on SMSF safe harbour rules

ALEX BURKE  |  MONDAY, 30 JAN 2017
The ATO is warning financial advisers that the safe harbour rules for limited recourse borrowing arrangements in self-managed super funds will be changing this week. Under the new rules, LRBAs must be consistent with either the safe harbour guidelines ...

SMSFs combating low rates with hybrids

JAMIE WILLIAMSON  |  FRIDAY, 4 NOV 2016
... surge from 70.2% to 75.3%, while the number of financial asset loans dropped by 16.9% for the quarter. "The ATO's safe harbour guidelines around limited recourse borrowing arrangements have led investors to wind up some of their related party loans in ...

US becomes post-Brexit equity safe haven

ALEX BURKE  |  FRIDAY, 15 JUL 2016
US equities have become a "safe harbour" for global investors following the Brexit referendum, according to J.P. Morgan research. J.P. Morgan's quarterly perspectives for Q3 2016 noted that there is continuing uncertainty as to when the UK government ...

FPA shines light on "catch-all" dilemma

LAURA MILLAN  |  TUESDAY, 25 NOV 2014
... "catch-all" provision in section 961(2)(g) of the best interests duty, which adds a very general clause to the six safe harbour definitions of what constitutes 'best interest'. Bobbin said that in order to fulfill the requirements of the best interests' ...

Original FoFA laws take immediate effect

JAMES FERNYHOUGH  |  THURSDAY, 20 NOV 2014
... 'catch-all' provision in section 961(2)(g) of the best interests duty, which adds a very general clause to the six safe harbour definitions of what constitutes 'best interest'. In the end, commissions for general advice were left out of the government's ...

Increased record keeping provisions for advisers

LAURA MILLAN  |  TUESDAY, 18 NOV 2014
... actions they took to show that they acted in the best interests of the client," she said. "If they relied on the 'safe harbour' provision, this includes records of all the safe harbour criteria." She explained that advisers and licensees need to be looking ...

Non-aligned licensee inquiries to rise in 2015

LAURA MILLAN  |  MONDAY, 17 NOV 2014
Independence, the flexibility to build an approved product list and cheaper, more advanced technology and platforms are encouraging more advisers to leave large licensees and strike out on their own. The big four banks and AMP have collectively seen ...

Government succeeds in securing final FoFA changes

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
... provide "appropriate" advice to clients has been removed. However, advisers will still need to abide by the other six "safe harbour provisions" of the best interest' duty. It also bans commissions in general advice by specifying that recurring payments ...