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Showing 571 - 580 of 2554 results for "SMSF"

Adviser banned for five years

ELIZA BAVIN  |  TUESDAY, 26 MAY 2020
A financial adviser who cycled through seven AFSLs in nine years has been banned after ASIC found he provided poor SMSF advice and based insurance advice on the commission he'd receive. The five-year ban follows ASIC surveillance of advice provided ...

FASEA unclear why advisers are quitting

ELIZABETH MCARTHUR  |  MONDAY, 25 MAY 2020
... including the Financial Planning Association of Australia (FPA) and the Association of Financial Advisers (AFA), as well as the SMSF Association among others. There are just over 22,000 financial advisers on the ASIC FAR. About 8000 have so far sat the ...

Super not sacred: Rice Warner

HARRISON WORLEY  |  MONDAY, 25 MAY 2020
... account. "Before the government does make a tax-grab, it should look at the existing inequities in the system. The top 100 SMSF's collectively hold about $8.7 billion. Many appear to be run as businesses - according to the ATO, one even has a loan of ...

SISFA relaunches membership to SMSF trustees

ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
... Self-managed Independent Superannuation Funds Association (SISFA) has redesigned and is relaunching its membership offering for SMSF trustees. SISFA said through existing communication channels and those of new associated partners and sponsors, up to ...

Industry funds pulled back to the pack

HARRISON WORLEY  |  TUESDAY, 19 MAY 2020
... alone in suffering as a result of the pandemic, and said SMSFs would too feel the pinch, particularly given one quarter of SMSF assets are in equities. "There is much to be said for claims that SMSFs could rekindle some momentum from this," Dunnin said. ...

Trustee behaviour in a COVID-19 world

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
SMSF trustee behaviour will be under scrutiny from the Australian Taxation Office and they're set to face some tough penalties if they assist in the illegal early release of super. Under the government's ERS scheme, a number of key issues face SMSF ...

A challenge in a Class of its own

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
SMSF platform Class found itself in a fairly unique predicament recently after acquiring a business in another state only for the borders to be closed as a result of the COVID-19 pandemic. Class, which is based in Sydney, purchased NowInfinity, based ...

How early release impacts the ASX

ALLY SELBY  |  THURSDAY, 7 MAY 2020
With more than one million people applying for the government's early release scheme, questions surrounding super fund ownership in equity markets have come to the fore. The government's scheme will so far put at least a $9 billion strain on Australia's ...

SMSF Association appoints deputy chief executive

HARRISON WORLEY  |  THURSDAY, 7 MAY 2020
A familiar face is set to return to the SMSF Association after a seven-year hiatus. SuperConcepts general manager of technical services and administration Peter Burgess has been appointed deputy chief executive of the SMSF Association, returning to ...

FPA launches new ROA solution template

ELIZA BAVIN  |  WEDNESDAY, 6 MAY 2020
The Financial Planning Association of Australia has launched a digital version of the Record of Advice (ROA) solution 'template' to support members who have been inundated with requests for advice, following the strong demand for early super access. ...