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| | | ... the regulator has now confirmed two streams of work are now underway. "We will focus on why some consumers are advised to set up an SMSF, even though an SMSF may not be suitable for them and may adversely affect their retirement outcomes," ASIC said. ... |
| | | | ... million target first close, with commitments of over $35 million including both an institutional investor and a corporate, set to be announced in the coming weeks. The fund plans to invest in about 15 early-stage companies in Australia and overseas developing ... |
| | | | ... practising in the industry for two years by the Financial Services and Credit Panel (FSCP). Glenn Paul Meilak helped clients set up SMSFs in a way that was "systemic" and "displayed a lack of care and a level of incompetence in providing the advice to ... |
| | | | Australians overwhelmingly distrust the government on superannuation taxes and are wary of placing their confidence in the opposition, according to a new nationwide poll. The nationally representative poll, commissioned by the Financial Services Council ... |
| | | | ... scheme or some other high-risk investment." ASIC will focus more effort on reviewing client advice files related to SMSFs being set up. "We're also reviewing information from licensees about their oversight and the application of their policies and procedures ... |
| | | | Australia's superannuation assets have jumped 500% over the last 20 years and are on track to become the second-largest pension market globally by 2030, the WTW's Thinking Ahead Institute predicts. Australia's superannuation assets reached more than ... |
| | | | US President Donald Trump is set to announce 25% tariffs on all steel and aluminium imports, which will apply to all countries, including Australia. AMP chief economist Shane Oliver told Financial Standard that while Australia exports about $808 million ... |
| | | | Most retirees who rent live in poverty, including more than three in four single women, and this problem is set to get worse, according to a Grattan Institute report. While the Age Pension provides an adequate, albeit modest income in retirement for ... |
| | | | ... announcement stating that it "[did] not consider that the Proposed Bid is genuine". Keybridge called for a meeting of WAM, which was set to be held in person in March 2022. However, the WAM board changed the meeting to be held online as COVID-19 restrictions ... |
| | | | ... me. They just tend to have a bit of complexity and need someone to help make sure it's [their financial structures] are set up the way that they would hope is right." Scarrabelotti explained she frequently collaborates with other professionals, bringing ... |
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