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Showing 61 - 70 of 1280 results for "SMSFs"

Fund manager acquired by US fintech

JAMIE WILLIAMSON  |  THURSDAY, 30 MAR 2023
... authorised representative of Ballast Financial Management when he recommended clients with low superannuation balances establish SMSFs and invest in the Bateau Global Opportunities Fund. He failed to disclose to clients that he was the investment manager ...

Saxo launches managed portfolios

KARREN VERGARA  |  TUESDAY, 28 MAR 2023
... their investments but at the same time have access to professional management. In addition to self-directed investors and SMSFs, Prasad said SaxoSelect is ideal for financial advisers as options to add to their stable of solutions. "We wanted to bring ...

Senate inquiry to scrutinise proposed franking credit rules

ANDREW MCKEAN  |  THURSDAY, 9 MAR 2023
... Jones said. In contrast, Wilson Asset Management chair Geoff Wilson said the Bill will mainly impact low-income earnings, SMSFs, and retirees. "The Australian government doesn't appear to fully understand the importance of the franking system, as ...

Advice complaints decelerate: AFCA

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
... which may have declined but tended to be more complex in nature. One example, Singh said, is advisers taking low-balance SMSFs and moving assets into property. Some relate to systemic or business model issues, while others concern under- and over insurance. ...

Chalmers' promise to end super wars foiled by criticism

ANDREW MCKEAN  |  THURSDAY, 2 MAR 2023
... a reduced concessional rate would be our preferred option," Burgess said. "Initial fears of a hard cap targeting certain SMSFs with high balances appear to have thankfully not be realised. These initial concerns primarily revolved around the potential ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... This suggests that individuals with significant balances in retail funds may have migrated to self-managed super funds (SMSFs), Rainmaker Information said. This is another case study of how retail super has lost the superannuation war, it added. According ...

SMSF sector hit the reset button: Research

CHLOE WALKER  |  TUESDAY, 28 FEB 2023
The introduction of the Transfer Balance Cap (TBC) in 2017 saw contributions into SMSFs plummet by 60%. While it didn't take them long to bounce back, how they're used has changed. According to insights from Rainmaker Information, the self-managed super ...

The self-funded retiree is a misnomer: Institute

JAMIE WILLIAMSON  |  MONDAY, 6 FEB 2023
... even super industry chiefs agree reform is needed." The report, authored by Denniss and David Richardson, says there is 32 SMSFs with more than $100 million in assets; the largest has $401 million. The institute recommends abolishing concessions for ...

More DASS complainants flock to AFCA

KARREN VERGARA  |  MONDAY, 6 FEB 2023
... before providing the advice, according to ASIC, adding that in some cases, the poor advice resulted in the clients' SMSFs being insufficiently diversified and exposed to risk of capital loss. "Advice that fails to reflect client circumstances − ...

Former planner pleads guilty to dishonest conduct

CASSANDRA BALDINI  |  FRIDAY, 27 JAN 2023
... dishonest conduct on five occasions and transferred funds between two of his clients' self-managed superannuation funds (SMSFs) to three separate companies of which he was the sole director. The companies included: Thrive Lending Pty Ltd, Trade BTC Pty ...