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| | | ... funds continued their retreat, shedding $10.3 billion, according to the prudential regulator. Self-managed super funds (SMSFs), meanwhile, banked $26.1 billion, as of 31 March 2025. Industry funds command $1.49 trillion, retail funds hold $798.3 billion ... |
| | | | Trustees of newly established self-managed super funds (SMSFs) are behind a surge in the uptake of financial advice, according to a Vanguard/Investment Trends SMSF report. The report, while showing that adviser influence is growing in new SMSF set-ups ... |
| | | | ... their market share rising by 1.8% - from 38.2% to 40%. Industry fund growth came at the expense of self-managed super funds (SMSFs), which shrank from 24.5% to 22.7%. Over the past five years, industry funds have "gained significant momentum," KPMG said ... |
| | | | ... she is alleged to have stolen more than $4.1 million from clients, most of which were receiving advice related to their SMSFs. After Ballast revoked Pearson's authorisation, she moved to New Zealand and voluntarily came back to face ASIC in 2015. ... |
| | | | ... Sydney's north-west, accused of hoodwinking five individuals out of over $160,000 from their self-managed super funds (SMSFs). A statement from Police NSW said officers began an investigation after five individuals reported unauthorised access to ... |
| | | | ... challenging." Other recommendations include: Consulting with the SMSF industry to clarify whether the regime suits the purpose of SMSFs. Extending the window for contributions to be processed and received by super funds from seven calendar days to 10 ... |
| | | | ... financial advisers who provided template advice to clients to roll over their superannuation into self-managed super funds (SMSFs) and use those funds to purchase property through a related entity, Equiti Property. The Federal Court found that advice ... |
| | | | ... portion, they continue to be popular in the SMSF sector. Australian Taxation Office (ATO) data for December 2024 shows that SMSFs had $683 million invested in collectables and personal use assets, accounting for only 0.07% of the total $981 billion sector. ... |
| | | | ... warrants and options holdings, allowing investors to log in and get full control over their investments," Talevski said. SMSFs remain the cheapest segment of the superannuation system, with average fees of 0.65% per annum, according to Rainmaker Information. ... |
| | | | ... invest into the First Guardian Master Fund. Some investors received advice to set up self-managed superannuation funds (SMSFs) to facilitate investments into the fund. ASIC alleged that investors were misled into assets that differ from what was disclosed ... |
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