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Showing 491 - 500 of 1383 results for "SMSFs"

ASIC takes further action against MyPlanner

JAMIE WILLIAMSON  |  WEDNESDAY, 20 DEC 2017
... to establish self-managed superannuation funds and transition existing superannuation and insurance arrangements into the SMSFs without appropriate consideration. It was also found that Fraser failed to disclose potential conflicts that could have potentially ...

Retail MySuper outpacing NFP products

KARREN VERGARA  |  FRIDAY, 8 DEC 2017
... SG360 default index of 12% per annum, which is based on MySuper assets. Underperforming the default index means members of SMSFs with conservative or inactive investment strategies achieved poorer investment outcomes than typical MySuper members, the ...

SMSFs continue rise

EMMA RAPAPORT  |  WEDNESDAY, 6 DEC 2017
... according to figures released by the Australian Taxation Office. The 2017 Statistical Report reveals the total number of SMSFs in operation has increased to almost 600,000 with 23,508 accounts added in the last year. Well over one million Australians ...

Federal Government names Royal Commission lead

JAMIE WILLIAMSON  |  MONDAY, 4 DEC 2017
... outlining that it will consider the conduct of banks, insurers, financial services providers and superannuation funds (excluding SMSFs) alike. Today, the Stockbrokers and Financial Advisers Association (SAFAA) voiced concerns that the Royal Commission ...

SuperConcepts launches admin tool

KARREN VERGARA  |  TUESDAY, 28 NOV 2017
... SuperConcepts recently released with the University of Adelaide's International Centre for Financial Services revealed that SMSFs with more members tend to shun riskier equity markets and invest more heavily in cash, a lower risk asset class and one ...

ATO warns SMSFs about risky arrangements

KARREN VERGARA  |  FRIDAY, 17 NOV 2017
... taxable component and non-taxable component of their fund balance upon refund of the excess. It is also cautioning about SMSFs entering artificial related-party property development ventures. O'Halloran said: "The arrangements may be cleverly disguised ...

ATO affirms SMSF event-based reporting rules

KARREN VERGARA  |  FRIDAY, 10 NOV 2017
Self-managed super funds (SMSFs) with a balance of $1 million or more will be subject to an event-based reporting regime from 1 July 2018, the Australian Tax Office announced. SMSF members have 28 days after the end of the quarter to report an event ...

Aussie regtech readies firms for MiFID II

KARREN VERGARA  |  THURSDAY, 9 NOV 2017
... financial services firms that transact with European counterparties, including funds, self-managed superannuation funds (SMSFs) and traders. "APIR is already Australia's identification standard for a range of unlisted financial instruments since the ...

BGL enhances life insurance solution

KARREN VERGARA  |  MONDAY, 6 NOV 2017
... makes it easy for SMSF trustees to fulfil obligations about reporting life insurance requirements. The solution provides SMSFs online access to life insurance at competitive wholesale rates and provide significant savings for members, he said. "In a ...

SMSF balance gap to close: Report

KARREN VERGARA  |  THURSDAY, 2 NOV 2017
... trusts, non-residential real property and limited recourse borrowing arrangements, the report said. Despite claims that SMSFs are underweight in international assets, the research shows otherwise, with international shares comprising 59% and 55.9% of ...