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Showing 6361 - 6370 of 22796 results for "Funds"

Super fund to remediate members

KANIKA SOOD  |  WEDNESDAY, 27 MAY 2020
... the discrepancy or the fund's solution to safeguard against similar future occurrences. REI Super had $1.6 billion in funds under management at end of last financial year.

Australia only needs 15 super funds: Consultant

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
It is in the best interests of members for the number of superannuation funds serving Australians to be drastically reduced, according to a new report. Management consulting firm Right Lane is calling on high-cost super funds to urgently wed themselves ...

TPB cracks down on 74 tax practitioners

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
... started a compliance campaign that involved reviewing SMSF annual returns. It found that 74 practitioners representing 106 funds had lodged annual returns for the 2017 financial year with an incorrect SAN and failed to satisfactorily respond to ATO inquiries. ...

Sole purpose test poses SMSF rent relief issue

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
... 8 of the SIS Act) could also see landlord's run into problems. According to the Self-managed Independent Superannuation Funds Association (SISFA) said these possible complications shouldn't put landlords off from trying to help their tenants. It pointed ...

Kyckr to raise $10m, rich lister on board

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
... Ian Henderson said. "Our strategy is focused on building our enterprise channel and partnership model, and the additional funds will be used to ensure Kyckr has the financial flexibility to pursue growth as the need for increased digitisation for KYC ...

APRA urged to probe industry funds

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
... written to APRA chair Wayne Byres urging the regulator to conduct an investigation into vertical integration at industry super funds and related conflicts of interest. Wilson, who chairs the House of Representatives' Standing Economics Committee, referenced ...

Adviser banned for five years

ELIZA BAVIN  |  TUESDAY, 26 MAY 2020
... clients. "When providing this advice, Lewis did not professionally and independently assess whether using an SMSF and borrowed funds to invest in property was an appropriate strategy for each of his clients," ASIC said. "He also did not adequately investigate ...

Super not sacred: Rice Warner

HARRISON WORLEY  |  MONDAY, 25 MAY 2020
... pension phase at the same rate as the accumulation phase, namely 15%. That would increase taxes from the superannuation funds collectively by close to 50%, as well as simplifying the system - you would no longer need a pension transfer balance. "Remember ...

Outsourced trading set to boom

ALLY SELBY  |  MONDAY, 25 MAY 2020
As merger activity propels the size of some of the nation's super funds, outsourcing could emerge as the answer to cheaper, quicker and more scalable trading. According to State Street, outsourced trading can help super funds and asset managers ...

ERS withdrawals surpass $10bn

ELIZA BAVIN  |  MONDAY, 25 MAY 2020
... Over $10 billion has been withdrawn under the government's Early Release of Super scheme, with 70% paid out by just 10 funds. Over the period from April 20 to May 17, payments that have been made to eligible members have taken an average of 3.3 business ...