SMSF sector’s ‘rude health’ has the setting to get even ruder, conference told
If any SMSF specialist advisers needed a peptalk, they got one over breakfast at last week’s National Conference — and it might have surprised some.
Tag: SMSF
Does diversification really matter for your super fund?
Does diversification really matter for your super fund, and do you really need to hit the magical $500,000 level before your self-managed super fund (SMSF) can start generating any meaningful...
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SMSFs back in vogue as investors seek control
This week saw the release of the Australian Taxation Office's (ATO's) latest quarterly data on the self-managed super fund (SMSF) sector. The information provides a unique insight into what has...
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The ten most important action points for SMSF trustees
The end of the financial year is closing in fast after what has been a tumultuous period for many in Australia. Despite a reasonably uneventful year for superannuation legislation and...
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Advice complaints remain low despite 2020 increase
The Australian Financial Complaints Authority (AFCA) was established in 1 November 2018, combining the Financial Ombudsman Service, Credit and Investments Ombudsman (CIO) and Superannuation Complains Tribunal (SCT) into a more...
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PIMCO caught in fake bond scam
PIMCO Australia last night (February 22) warned advisers nationally that its name had been used in bond scams which ASIC uncovered in January. They are "raising millions of dollars", ASIC...
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Industry super fund returns impacted by volatility
According to Chant West Research, the median 'Balanced' industry super fund delivered a return of 3.0% for the entirety of 2020; not a bad result but not shooting the lights...
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WLTH enters ultra-competitive digital lending market
WLTH is a brand-new financial services neo-platform providing Australians with a smarter, sustainability-focused solution to financial products but particular residential and commercial loans. WLTH is the latest 'non-bank' digital lending...
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Superhero, Robinhood…..Sharesies?
The Kiwi counterpart of US online direct investment platform Robinhood is sounding out the Australian market for possible expansion. Brooke Roberts, co-founder of the Wellington-based Sharesies, said the firm was...
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Six-member SMSFs one step closer
It's been a long time coming, yet it may finally be here. The arbitrary cap on the allowable number of SMSF members, limiting funds to just four people, appears set...
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Retail investors smarter than you think
New retail investors entered the sharemarket in droves over the first six months of the pandemic's impact. Contrary to widely held views, for the most part, on average, they did...
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The real value of financial advice is 5.2% p.a.
Delivering value in spades It has been a difficult few years for financial advisers following the Royal Commission. The Commission uncovered some long-standing issues that were predominantly associated with the...
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A game-changer for managed funds?
The launch early in February this year of Australia's first unlisted fund to be quoted on the ASX, by Magellan group and its administrator, Mainstream, took a while to sink...
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HESTA continues its evolution
The $52 billion health sector focused industry fund HESTA announced the appointment of Alan Sheen as head of portfolio management this week. Sheen comes direct from the private sector, leaving...
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SMSF operating costs get a reality check
Clients who have put off establishing a self-managed super fund due to the assumed high costs may be put at ease after the Australian Taxation Office released the median cost...
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Covid-19, market turmoil, prompt move to SMSFs
Preliminary unofficial data on registrations of self-managed super funds (SMSFs) points to resurgent popularity of the vehicle. While Australian Taxation Office (ATO) data has not been officially updated, unofficial numbers...
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SMSF auditors in hot water
SMSF auditors have been put on notice after the Tax Practitioners Board (TPB) found several tax practitioners falsifying self-managed superannuation fund annual returns. Seventy-four tax practitioners have been identified after...
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