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Showing 581 - 590 of 2554 results for "SMSF"

Former Spectrum Wealth, NAB advisers banned

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
ASIC has permanently banned an ACT financial adviser over dodgy SMSF advice, and banned another from NSW for three years for failing to consider clients' best interests. Jane Myers, an authorised representative of Spectrum Wealth between 2013 and 2017 ...

500 advisers exit during COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
... Financial Services went from 20 advisers to three. AMP lost 37 advisers. Ausure went from 47 advisers to just 11, whileThe SMSF Adviser Network lost 25. GWM Adviser Services lost 24 advisers, going from 329 to 305. Charter Financial and National Australia ...

SMSFs granted annual return extension

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
... The ATO said it made the decision in the wake of the financial effects of the COVID-19 outbreak. "The requirement for an SMSF to appoint an auditor 45 days before lodgement of their annual return will place pressure on SMSFs to meet upcoming lodgement ...

SMSF auditors come under fire

ALLY SELBY  |  THURSDAY, 23 APR 2020
... Cuthbertson to undertake a peer review process for his audits, complete further study (including ethics and audit) and pass a SMSF competency exam. Heasman also must undertake a peer review process for his audits to "certify to ASIC that he has not conducted ...

Managed accounts use broadens

HARRISON WORLEY  |  WEDNESDAY, 22 APR 2020
Latest research on financial advisers' use of managed accounts shows their increasing popularity among advisers with lower-balance clients. Once reserved for wealthy clients, managed accounts are proving popular for financial advisers with lower-balance ...

APRA-regulated fund or SMSF: It's all the same

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... albeit in different ways." While the ATO has repeatedly warned that superannuation is, in many cases, safer with a fund, SMSF performance has been relatively equal to that of the major funds during this crisis. The figures indicate that during a crisis ...

ASIC provides relief around early super access advice

JAMIE WILLIAMSON  |  TUESDAY, 14 APR 2020
... submission. Submissions were originally due on April 7. CPA Australia, Chartered Accountants Australia and New Zealand, the SMSF Association, Financial Planning Association of Australia and the Institute of Public Accountants were all involved in the ...

Taxman simplifies work from home deductions

KANIKA SOOD  |  WEDNESDAY, 8 APR 2020
... Australians from making a standard working from home claim using the two standard approaches should they wish to do so." SMSF Alliance principal David Busoli said the ATO is to be commended on the initiative. Busoli said ordinarily the methodology is ...

Charterhill founder incarcerated

ALLY SELBY  |  MONDAY, 6 APR 2020
... and will serve at least six of these behind bars. Charterhill Group, run by George Nowak, provided a "one stop shop" for SMSF clients; providing financial advice on establishing SMSFs, purchasing investment properties, property management, insurance ...

ASIC cancels slew of AFSLs

JAMIE WILLIAMSON  |  FRIDAY, 3 APR 2020
ASIC has cancelled the AFSLs of three firms, including that of former advice dealer group MyPlanner. The regulator has cancelled the Australian financial services licence of the licensee formerly known as MyPlanner Australia. The Gold Coast-based licensee ...