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Showing 971 - 980 of 12181 results for "May"

ATO revises advice fee tax deductibility rules

JAMIE WILLIAMSON  |  THURSDAY, 26 SEP 2024
... Relevant Provider (QTRP). Releasing a final guidance yesterday, the ATO said: "Fees for financial advice an individual incurs may be deductible under section 25-5 to the extent that the advice related to managing their 'tax affairs'." It added that it ...

Industry funds dominate ASX

ANDREW MCKEAN  |  WEDNESDAY, 25 SEP 2024
... without influencing the share price. This can impact asset allocation and style," the report said. Consequently, mega funds may be forced to focus on passive, enhanced index, or systematic strategies within certain listed asset classes. They may also ...

Boutique investment manager hits the market

ANDREW MCKEAN  |  TUESDAY, 24 SEP 2024
... return of 7% net of fees; the Global Select Wealth Creators equity strategy, which has returned 37.9% since its launch in May 2023, outperforming its benchmark by 11.68%; and the Emerging Australian Wealth Creators Fund, a small and mid-cap strategy ...

E&P Financial Group seeks to delist

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... announced last week, the board said it has "no further detail on the proposed inquiry and is unaware of the extent to which it may or may not be involved in the inquiry." The senate referred the inquiry to the Wealth Management Companies to the Senate ...

Early release of super scammer sent to prison

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... programs to ensure funds are only dispersed when people genuinely need them or can legitimately access them," he said. In May, three Queenslanders were sent to prison after pleading guilty to defrauding the COVID-19 early release of superannuation scheme ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
... costs than other product types, APRA said in its newly released package of product performance metrics and insights, adding it may be "particularly detrimental" to members with lower account balances. APRA's Comprehensive Product Performance Package ...

Lack of talent challenging DDO compliance

JAMIE WILLIAMSON  |  MONDAY, 23 SEP 2024
... regulatory compliance in practice, he said. Kaizen Recruitment director of legal, risk, and compliance Amanda Chisholm fears this may well be the case for some time to come, with the rate of regulation far outpacing the financial services sector's ability ...

Reforms needed to boost engagement: ASFA

MATTHEW WAI  |  MONDAY, 23 SEP 2024
... retirees dearly. "It's concerning to see such a lack of engagement with information about retirement. It means many Australians may end up worse off than they should be in their post-working lives, simply because they haven't been empowered with the ...

ASIC updates and reissues RG 121

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... Australia", such as the general indicators of carrying on a business, other relevant factors and when a one-off transaction may amount to the carrying on of a business. The guidance outlines an individual or company will be deemed to carry on a business ...

Former Mercer Super chair named Actuary of the Year

MATTHEW WAI  |  FRIDAY, 20 SEP 2024
The Actuaries Institute has named Jan Swinhoe the Actuary of the Year for 2024. Swinhoe has an extensive background in financial services, having worked across insurance, institutional banking, and superannuation. She is currently a non-executive director ...