News

ATO

All valuation factors hard to assess

asset valuation

A fair and reasonable asset valuation, as required by the ATO, may be difficult to prove to the extent required in new guidance.

read more
Financial Planning

Communicating value of advice now critical

financial advice value

The experience in overseas markets like the UK shows communicating the value of advice will be key to the pursuit of success for practitioners.

read more
Retirement

Retirement covenant an advice opportunity

retirement covenant advice

The Retirement Income Covenant will create further opportunities for financial advisers who can map out the income needs of clients beyond the accumulation phase and well into their retirement years.

read more
ATO

Annual return enforcement upped

SMSF annual return enforcement

SMSF trustees who are failing to meet their legal obligation of lodging their fund’s annual return are to face new ATO enforcement procedures.

read more
Financial Planning, Regulation

Government committed to red tape reduction

financial advice red tape

Reducing the amount of red tape hampering the provision of cost-effective financial advice will be a major focus of the quality of advice review.

read more
Financial Planning

Specialist oversight ignores FOFA reforms

specialist advisers FOFA

Not recognising specialist advisers ignores the intended outcomes of the FOFA reforms and shows the poor decision-making of FASEA.

read more
ASIC, Financial Planning

ASIC outlines plans to assist advisers

ASIC assist advisers

The chair of ASIC has reaffirmed the regulator’s focus on reducing red tape related to financial advice and outlined some new initiatives to assist practitioners.

read more
ATO

First return compliance alarming

SMSF annual return ATO

The failure of trustees to lodge their SMSF’s first annual return is continuing to be a problematic compliance area for the ATO.

read more
Pensions

Pension commutation details still lacking

Pension commutation

The absence of details regarding the commutation of market-linked pensions 10 months after changes were announced is creating uncertainty for retirees.

read more
Education

Specialist adviser pathways expanded

Specialist SMSF adviser

The SMSF Association has partnered with two major educational institutions to expand the pathways into its SMSF Specialist Advisor program.

read more

Copyright © SMS Magazine 2021

ABN 43 564 725 109

Benchmark Media

Site design Red Cloud Digital