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Showing 1 - 10 of 100+ results for "SMSF"

SMSFs welcome RIC exemption

KARREN VERGARA  |  WEDNESDAY, 29 SEP 2021
... has been welcomed by the sector. In response to the release of the Retirement Income Covenant exposure draft legislation, SMSF Association chief executive John Maroney said SMSFs raised concerns in the past about providing a retirement income strategy ...

New super fund prepares for launch

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... holding board positions. Hall says the platform's target market has parallels with those who would typically establish an SMSF, seeking to have more control of their super, usually aged in the 35-50-year bracket. "Many SMSF customers don't believe 'traditional ...

Former adviser banned after super theft

JAMIE WILLIAMSON  |  FRIDAY, 17 SEP 2021
... adviser and sole director of QWL Pty Ltd in Sydney, Hopkins was found to have made 167 unauthorised transactions, impacting 13 SMSF clients, and to the tune of $2.93 million; used those funds for personal purposes; and made false representations to third ...

ASIC provides licensing update

ELIZABETH MCARTHUR  |  THURSDAY, 16 SEP 2021
... was refused, 563 licences were cancelled and 23 suspended. ASIC also approved the registration of 96 company auditors, 59 SMSF auditors and registered 31 liquidators approved by the liquidator registration committee. In the same period, 29 professional ...

Auditor referral threshold test troubling: SMSFA

ANNABELLE DICKSON  |  MONDAY, 13 SEP 2021
The SMSF Association is concerned that the introduction of a 20% threshold for auditor referral fees does not address at what point in time the threshold test must be considered or applied. The Accounting Professional & Ethical Standards Board introduced ...

HESTA hires growth executive

JAMIE WILLIAMSON  |  THURSDAY, 9 SEP 2021
... thereafter. Before leaving in 2017, he served as managing director, Charter Financial Planning, ipac Financial Planning, Jigsaw and SMSF Advice. Mitchell-Adams joins the HESTA leadership team as it implements its three-year strategy. "Tim brings a strong ...

SMSF establishments soar

ANNABELLE DICKSON  |  MONDAY, 6 SEP 2021
... 21,723 establishments and 15,856 windups of SMSFs. The total estimated assets of SMSFs are just over $822 billion with 28% of SMSF assets held in listed shares and 18% in cash and term deposits. Meanwhile, the gender gap of SMSF members is narrowing ...

ETF use grows in SMSFs

ANNABELLE DICKSON  |  THURSDAY, 2 SEP 2021
... is on a steady rise, almost matching the proportion invested in managed funds. The latest Class Annual Benchmark Report: SMSF Resilience in a time of constant change revealed that 5.5% more SMSFs are invested in ETFs than two years ago. Over the last ...

Crypto platform hires former Spaceship growth lead

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 SEP 2021
... fintech brands into household names through clever and extremely effective marketing efforts." Bamboo is looking to launch an SMSF product soon and is currently in the final stages of series A funding.

Lockdowns see uptick in advice seekers

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
... access to discrete and effective support even more important." The Financial Planning Association of Australia (FPA) and SMSF Association are both network members of The Separation Guide, as is the Financial Services Institute of Australia.
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