| | THURSDAY, 16 JAN 2020 12:26PMThe South Australian Police has arrested an SMSF investment manager who will today face the court with charges for 69 counts of deceptions.|
|The Australian Securities and Investment Commission has told the House of Representatives Standing Committee on Economics that SMSF's below $200,000 have a negative return on assets.|
|The peak body for the self-managed super sector is calling for the end of limited licensing for professionals dealing with SMSFs.|
|The Australian Tax Office has issued a warning against promoters of illegal self-managed superannuation schemes.|
|ASIC has taken action against three SMSF auditors for breaches and deficiencies in their auditing.|
|A 51-year-old was found to have unlawfully created, operated and benefitted from a fraudulent self-managed superannuation fund.|
|Latest research shows a significant proportion of Australians with self-managed super funds are set to retire with enough savings to fund lavish retirement lifestyles.|
|ASIC is warning Australians to consider the appropriateness of self-managed super funds, noting controversial Productivity Commission findings which show the super vehicle is less suitable for low-balance members.|
|The Australian Tax Office is set to contact tense o thousands of SMSFs warning of the risks of being too concentrated.|
|ASIC has acted against misconduct by SMSF auditors, disqualifying three and imposing conditions on several others.|
Australia's largest superannuation funds and wealth companies have largely cut back on their advertising spends over the past five years, documents from the Standing Committee on Economics show.
The former head of advice of the $57 billion superannuation fund has launched a new advisory aimed at working with super funds and dealer groups to develop better models of delivering advice.
For the first time, climate crisis and environmental degradation have taken out the top five spots in a list ranking the risks most likely to impact the world over the coming decade.
Powerwrap has signed an agreement in what could be its second-biggest client after Escala Partners and a new line of business for the platform.
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