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Showing 661 - 670 of 2554 results for "SMSF"

ATO warns of SMSF concentration risk

KRISTI CHENG  |  WEDNESDAY, 14 AUG 2019
... thousands of SMSFs warning of the risks of being too concentrated. The ATO announced it will be contacting around 17,700 SMSF trustees and auditors at the end of the month who they suspect may be holding 90% or more of their funds in one asset or a single ...

Adviser stole $200k from SMSFs

ELIZABETH MCARTHUR  |  TUESDAY, 6 AUG 2019
... from providing financial advice after ASIC's investigation found Michael took loans for himself from four of his clients' SMSF accounts to the tune of $204,000. He used the loans to stave off bankruptcy, pay his children's private school fees and gamble. ...

Imminent launch for start-up super fund

KARREN VERGARA  |  FRIDAY, 2 AUG 2019
... co-founder and chief executive Wes Hall. Hall described Tomorrow Super's offering as having the "best elements of an SMSF without the boring paper work" whereby members can engage with their retirement savings via an app. With traditional superannuation ...

Managed accounts hit milestone

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 JUL 2019
... $40 million to $35 million in the last year. AMP Financial Planning, IOOF Group, Commonwealth Financial Planning, NAB and SMSF Advisers Network are the five largest advice licensees. IOOF is the fastest growing group among the big six - increasing its ...

UniSuper advice offering surges

KARREN VERGARA  |  TUESDAY, 30 JUL 2019
Demand for UniSuper's specialist advice offering has nearly quadrupled in the last five years, peaking at $13 billion in funds under advice at the end of June 2019. The $80 billion superannuation fund recently opened a member centre in Adelaide ...

Sam Henderson cops ASIC ban

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... by his practice. She refused but the foundation piece of the resulting Statement of Advice was the establishment of said SMSF. Had McKenna followed the advice, she would have forfeited a $500,000 deferred benefit available to her under her State Authorities ...

ASIC moves against SMSF auditor misconduct

HARRISON WORLEY  |  TUESDAY, 23 JUL 2019
ASIC has acted against misconduct by SMSF auditors, disqualifying three and imposing conditions on several others. The decisions follow concerns about SMSF auditors failing to meet requirements, including auditor independence standards, auditing standards ...

ATO clarifies SMSF death benefit income streams

KARREN VERGARA  |  MONDAY, 22 JUL 2019
... benefit income stream pension to another complying super fund for immediate cashing as a new death benefit income stream. SMSF Alliance principal and SMSF specialist mentor David Busoli said the clarification is "confusing in that it misses a couple ...

BT Panorama boosts functionality

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUL 2019
... related groups capability. Corporate action participation via the digital consent functionality is now available as is a new SMSF dashboard with integrated accounting software. According to Investment Trends' 2019 Planner Technology Report, BT Panorama ...

Politicians dishonest about fraud: VOFF

HARRISON WORLEY  |  MONDAY, 15 JUL 2019
... had erred by putting their retirement savings into troubled funds. According to VOFF those who invested in Trio through an SMSF and those whose APRA-regulated fund did so on their behalf were separated only by "a distinction without a difference". VOFF ...