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Showing 71 - 80 of 1278 results for "SMSFS"

Super fund with highest customer satisfaction named

ANDREW MCKEAN  |  THURSDAY, 10 NOV 2022
Roy Morgan's Superannuation Satisfaction report shows an overall decline in super fund satisfaction, but several funds have bucked the trend. The report said that overall, funds scored a satisfaction rating of 67.9% in September 2022, a decrease ...

SMSF growth slows, allocations shift

CHLOE WALKER  |  WEDNESDAY, 9 NOV 2022
... superannuation segment, with growth slowing significantly since the introduction of the transfer balance cap. As at March end, SMSFs held $894 billion on behalf of 1.1 million members through 605,470 funds, Rainmaker Information analysis shows. However ...

Government scraps legacy tax, super measures

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... regulatory framework for limited partnership collective investment vehicles; changing the annual audit requirement for certain SMSFs; the introduction of a limit of $10,000 for cash payments made to businesses for goods and services; and the introduction ...

TPB, bans dishonest tax agents

CASSANDRA BALDINI  |  TUESDAY, 18 OCT 2022
... funds had been audited, which was not the case. The tax agent was also found to have misled clients by advising them their SMSFs had been audited, and charging them for the audit, even though an audit had not been completed. The pair have been banned ...

BGL automates crypto trading

CASSANDRA BALDINI  |  TUESDAY, 4 OCT 2022
... the SMSF industry seeing a 90% increase in crypto trading activity during 2021, building out compliance and reporting for SMSFs has been a key focus for the company," he explained. "The integration between our platform and BGL allows us to streamline ...

Dixon Advisory pays $7m for poor advice

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... investigation of the clients' circumstances before providing the advice. In some cases, the poor advice resulted in the clients' SMSFs being insufficiently diversified and exposed to risk of capital loss, ASIC said. Justice McEvoy said there is no evidence ...

SMSFA calls for budget amendments

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
... removing ambiguity regarding the application of the design and distribution obligations and target market determinations to SMSFs. "These provisions should not apply to establishing an SMSF, adding a new member, or when starting a pension," it said. ...

Females, millennials lead the way in SMSFs: Class

CHLOE WALKER  |  WEDNESDAY, 17 AUG 2022
According to Class's 2022 Annual Benchmark Report, female SMSF balances are rising faster than males and most new SMSFs are being established by millennials. Over the past three years, millennials have become the largest cohort of all the age groups ...

Adviser banned over early release scheme

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
... Adelaide financial adviser received a five-year ban for advising his clients to roll their super into newly established SMSFs to invest in a company he is a director of and then releasing the money to them in the form of a loan. Antonio Simeone is said ...

ETF Securities launches fixed income options

CHLOE WALKER  |  TUESDAY, 5 JUL 2022
... ETF Securities head of product Evan Metcalf added that the investment options are perfect for investors like retirees or SMSFs who are seeking peace of mind, and low risk asset classes. "Fixed income securities play an important role in any investment ...