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Regulators warn of possible issues with FAR reporting

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... superannuation trustees reminding them of their obligations under the Financial Accountability Regime (FAR) before it takes effect next year. The FAR commenced for the banking industry on 15 March 2024 and takes effect for the insurance and superannuation ...

Advisers put faith in global equities, small caps in 2025

MATTHEW WAI  |  THURSDAY, 28 NOV 2024
... class will perform the best over the period. Further, 20% of advisers plan to increase allocations to the asset class in the next six months. However, despite the bullish outlook, advisers have flagged concerns that global markets may be becoming too ...

SMSFs surpass $1tn milestone

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
... passed the lower house last month, was on its way to the Senate only to be reported that it could be shelved until after the next federal election. "It appears the government has come to the realisation that they don't have the support of the Senate ...

CFS awards equity, infrastructure mandates

KARREN VERGARA  |  TUESDAY, 26 NOV 2024
... found that 54% of financial advisers want to increase revenue per client and 50% want to serve more clients annually over the next three years. Financial advisers manage 110 ongoing clients each, on average, but want to serve 152. With only 15,500 advisers ...

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... government's $3 million superannuation tax, which was expected to come into effect 1 July 2025, could be shelved until after the next federal election. SMSFA chief executive Peter Burgess said the proposed tax is "deeply flawed" and would come with many ...

Investors plan to continue private markets love affair

JAMIE WILLIAMSON  |  MONDAY, 25 NOV 2024
More than 50% of investors are expecting to increase their exposure to private markets over the next 18 months, with infrastructure and private debt managers expected to benefit most. That's according to bfinance's latest Global Asset Owner Survey ...

Adviser suspended over wrongful use of ROAs

JAMIE WILLIAMSON  |  MONDAY, 25 NOV 2024
A Matrix Planning Solutions adviser is suspended from providing advice for the next three months after failing to supply Statements of Advice (SOAs) where required. Ian Reid, the principal adviser at Temora's A&B Financial Planning, was suspended for ...

Super funds set renewables targets

ELIZA BAVIN  |  MONDAY, 25 NOV 2024
... proposal to identify priority projects. "There is great enthusiasm from the superannuation and broader investment sector for the next steps agreed in the discussion," Delahunty said. ASFA said its report recommendations would also make Australia an attractive ...

Private equity, real estate spearhead unlisted assets demand

KARREN VERGARA  |  FRIDAY, 22 NOV 2024
Private equity and real estate will reap the bulk of inflows and deliver elevated returns over the next five years compared to other private markets asset classes, a new report from IFM Investors shows. The survey of 700 global institutional investors ...

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... since August 2023." The fund expects the death claims remediation program will be substantially completed by the middle of next year and a dedicated team has been established to support affected beneficiaries. This comes after ASIC launched proceedings ...