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| | | ... members. It also found the fund's processes for determining the propriety of board directors are lacking. Under Commonwealth law, directors on the boards of super funds must always satisfy a 'fit and proper persons test' to ensure they have ... |
| | | | Financial advisers can bridge the gap in aged care advice, according to an expert, who says that too many elderly people are suffering from the confusion and misinformation surrounding the new aged care reforms. Louise Biti, director of Aged Care Steps ... |
| | | | Often on the frontlines of dealing with an ageing client base, financial advisers have the obligation to identify, safeguard and respond to elder and financial abuse. This is according to Pitcher Partners client director of estate planning Anna Hacker ... |
| | | | ... informed decisions." She also stressed that an individual may be well educated in a "completely different field" to finance, law or anything related to the experience required for SMSF. They might also be entering at a point when they are having kids ... |
| | | | With the Division 296 superannuation tax soon becoming a reality, members with large sums of wealth must consider their tax planning and retirement strategies and act with urgency, according to an SMSF expert. At the SMSFA National Conference this morning ... |
| | | | ... mislead consumers, utilise high pressure tactics or provide financial services without a licence will risk contravening the law. Licensed persons or entities that engage the services of lead generators acting in this way, share this risk," the regulator ... |
| | | | ... members can create a legally valid Will using a simple online process, with each submission reviewed by Safewill's affiliate law firm. Members can also organise and store important documents in a secure digital vault that their nominated beneficiaries ... |
| | | | Although the tabling of the super tax bill was largely supported by the industry, the SMSF Association (SMSFA) remains concerned about the likelihood of "unintended" consequences. Yesterday, Treasurer Jim Chalmers introduced the Treasury Laws Amendment ... |
| | | | ... deemed high risk. Finding McPherson to be not fit, not proper and not competent, and likely to contravene financial services law again, ASIC imposed a four-year ban. McPherson is prevented from providing financial services, controlling an entity that ... |
| | | | ... changes that include providing ASIC with limited powers to alter a scheme's constitution to ensure it complies with the law. However, in light of the Shield and First Guardian failures, whereby some 11,000 people invested over $1 billion, Treasury ... |
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