The latest issue of Financial Standard now available as an e-newspaper
|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 tens of 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.|
|The Australian Tax Office has released a new explanatory note on death benefit income streams, which a self-managed superannuation fund specialist has labelled as "confusing".|
The September financial adviser exam pass rate was stable at 60% but continues to fall below the overall pass rate of 88.5%.
The House of Representatives Standing Committee on Tax and Revenue has released a report aimed at overhauling Australia's corporate bond market.
Future Fund's latest portfolio update shows the sovereign wealth fund is just shy of hitting $200 billion.
Share trading platform Superhero will take the $40 million it has raised this year to expand into New Zealand by mid-2022.
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