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Showing 591 - 600 of 2594 results for "SMS"

500 advisers exit during COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
Rainmaker analysis of the ASIC Financial Adviser Register shows that just shy of 500 financial advisers have left the industry in the last two months. From 27 February 2020 to 23 April 2020 the ASIC FAR dropped from 23,226 advisers (excluding time share ...

SMSFs granted annual return extension

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
SMSFs have been granted an extension to the lodgement of annual returns to the ATO to June. 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 ...

SMSF auditors come under fire

ALLY SELBY  |  THURSDAY, 23 APR 2020
The corporate watchdog has disqualified, suspended and added additional conditions to six different self-managed super fund auditors as it works to ensure the industry meets competency and expertise standards. Auditors from around the country suffered ...

Funds receive first ERS applications

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
... and messaging to members. Once the ATO has confirmed an application and advised the fund, it said members will receive an SMS or email, in advance of a letter, to inform them. "The approval letter is leveraging off the same process as the compassionate ...

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
Having a highly paid team of investment professionals doesn't mean much when a Black Swan event hits. Since the outbreak of COVID-19 there has been a huge amount of focus on industry super funds. From concerns over liquidity issues, impacts of the ...

ASIC provides relief around early super access advice

JAMIE WILLIAMSON  |  TUESDAY, 14 APR 2020
ASIC has announced three temporary measures to assist the industry with providing affordable and timely advice during the COVID-19 crisis. It has also confirmed it is delaying its work on grandfathered conflicted remuneration and life insurance advice. ...

Taxman simplifies work from home deductions

KANIKA SOOD  |  WEDNESDAY, 8 APR 2020
Australians working from home during the COVID-19 shutdown will now be able to claim 80 cents per hour for the rest of this financial year, after changes made by the Australian Taxation Office. The new shortcut method allows workers to claim 80 cents ...

Charterhill founder incarcerated

ALLY SELBY  |  MONDAY, 6 APR 2020
The founder of Charterhill Group, which collapsed in 2014, has been sentenced to 10 years imprisonment, 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 ...

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 ...