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Showing 621 - 630 of 2554 results for "SMSF"

SMSF platform makes $25m acquisition

ALLY SELBY  |  TUESDAY, 28 JAN 2020
An ASX-listed SMSF technology platform has dropped $25 million on its first acquisition, in a bid to reinforce its position as a technology leader. Class will acquire all of the shares in corporate compliance and documentation platform NowInfinity by ...

SMSFA chief slams regulators, FASEA

ALLY SELBY  |  FRIDAY, 24 JAN 2020
SMSF Association chief executive John Maroney has slammed ASIC for a fact sheet published and distributed to SMSF trustees last year. During a speech at a Pritchitt Partners event in Sydney, the SMSFA chief also took aim at FASEA and the ATO. Maroney ...

DIY SMSF platform launched

ELIZA BAVIN  |  TUESDAY, 21 JAN 2020
... enables trustees of SMSFs to manage their own fund has been launched. DIY Super Online (DIYSOL) was developed by accountant and SMSF trustee Jeff Bain who said the application was designed to save trustees money on accounting fees. "It makes no sense ...

Superannuation scammer to face court

KANIKA SOOD  |  THURSDAY, 16 JAN 2020
The South Australian Police has arrested an SMSF investment manager who will today face the court with charges for 69 counts of deceptions. The 33-year-old man from Hills was arrested by police on Wednesday following a cybercrime investigation. It is ...

ASIC confirms SMSF negative returns

ELIZA BAVIN  |  TUESDAY, 14 JAN 2020
... Australian Securities and Investment Commission has told the House of Representatives Standing Committee on Economics that SMSF's below $200,000 have a negative return on assets. Providing the most recent data from the ATO, ASIC answered the question ...

SMSFA slams limited licensing

HARRISON WORLEY  |  THURSDAY, 9 JAN 2020
... end of limited licensing for professionals dealing with SMSFs. Outlining its 2020/21 Federal Budget submission today, the SMSF Association said limited licensing should be phased out in favour of a customer-centric framework designed to raise standards ...

SMSF adviser hit with ban

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
... and, among other things, invest in the Bateau Global Opportunities Fund." Blazejczyk was not only the beneficiary of the SMSF administration services he recommended but the investment manager of Bateau Global Opportunities Fund. He failed to disclose ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... for associate advisers, paraplanners and client service officers. 3. Major advice licensee in possible best interest breach SMSF Advisers Network had additional licence conditions imposed after ASIC surveillance spurred concerns the licensee had inadequate ...

Half of all AFSL applications approved

ELIZABETH MCARTHUR  |  MONDAY, 16 DEC 2019
... with additional regulatory outcomes; we cancelled 342 AFS licences and suspended 11 AFS licences." ASIC also finalised 92 SMSF auditor applications - of which, 62 were received during the year and 30 were yet to be finalised from last year. About 61 ...

Super sector to dominate by 2034

ALLY SELBY  |  MONDAY, 16 DEC 2019
... the increase in pension payments as the baby-boomers age and consume their benefits. There will also be a run-off of large SMSF funds as the current older retirees age and withdraw from the segment," Rice Warner said. The research house predicts that ...