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| | | ... country," Zaika said. "We know that Australians want to take control of their financial future. We can see that in the growth of SMSFs. Many people are choosing to manage their own super, or be involved in how their portfolio is shaped, which we completely ... |
| | | | ... investment schemes run by Australian Fiduciaries since February 2020, predominantly through their self-managed super funds (SMSFs). Australian Fiduciaries ceased distributing units in the schemes in September 2023. |
| | | | ... points to several unaddressed issues. "The $150,000 cap remains a huge issue, and we are continuing to fight for couples in SMSFs to be recognised as the individuals who actually lost their retirement savings. But this is a good change, and when the ... |
| | | | Self-managed super funds (SMSFs) scored nearly $14 billion in retirement savings at the expense of industry and retail funds over recent years, a new report from Class shows. An analysis of Class SMSF clients in its Annual Benchmark Report revealed ... |
| | | | ... obligations. At the time, ASIC said SMSF auditors were key gatekeepers for the sector, providing assurance over more than 625,000 SMSFs holding more than $990 billion in assets. Between July 2023 and June 2024, ASIC made 46 decisions involving approved ... |
| | | | ... $4.77 trillion. Industry funds' assets leaped 16% year on year to $1.8 trillion, comprising 38% of the total assets. SMSFs posted an annual rise of 4% to reach $1.1 trillion in assets, accounting for a 23% market share. Retail super funds have yet ... |
| | | | ... prior to SMSF registration, supporting industry-led initiatives to uplift standards across the sector, as well as requiring SMSFs to hold uniquely identifiable bank accounts. "Waller's role will be critical as we work with industry and other stakeholders ... |
| | | | ... $160 million into MISs run by Australian Fiduciaries since February 2020, predominantly via their self-managed super funds (SMSFs). In July, ASIC cancelled the licence of Australian Fiduciaries, following its failure to pay an AFCA determination. Australian ... |
| | | | ... implement than others. "While a number of reforms reflect what is generally considered best practice, such as requiring SMSFs to hold uniquely identifiable bank accounts, experience shows there can be practical challenges in implementation," the SMSFA ... |
| | | | ... that members balances are not being eroded by unreasonable and inappropriate deductions," he said. Fairer funding for CSLR, SMSFs roped in To guarantee the sustainability of the CSLR, Mulino will limit compensation to actual investment losses rather ... |
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