Articles by Darin Tyson-Chan

Regulators need to sharpen up communication

January 28, 2020

More precise communication is needed from financial services regulators to avoid any unnecessary concerns among SMSF stakeholders, an industry body has said.

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Retirement

Specific longevity data means better advice

January 28, 2020

Darin Tyson-Chan

Using more in-depth analysis to determine the life expectancy of an SMSF trustee can improve the value of retirement advice provided to this cohort, a technical specialist has said.

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Retirement

Retirees may need drawdown revision

January 23, 2020

Darin Tyson-Chan

Anticipated lower returns over the coming 10 years could force some retirees to revise their superannuation pension drawdown strategy, a mid-tier accounting firm partner has said.

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Retirement, Strategy

Specific use of SMSFs rising

January 22, 2020

Darin Tyson-Chan

A rising number of SMSFs are being set up to play a more strategic and specific role in wealth creation and retirement savings activities, a mid-tier accounting firm director has said.

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Financial Planning

Client spotlight on licensees

January 22, 2020

Darin Tyson-Chan

Consumers are increasingly scrutinising the licensees with which their financial planners are associated in light of last year’s royal commission, a recruitment agency has observed.

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Auditing

Annual return audit requirements may not last

January 21, 2020

Darin Tyson-Chan

A specialist auditor has suggested the new reporting requirements on the SMSF annual return regarding Part A qualifications from auditors may not be permanent.

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Administration, Business News

New administration platform for trustees

January 21, 2020

Darin Tyson-Chan

A software application has been launched that allows SMSF trustees to perform the administration of their funds without professional assistance.

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ATO, Auditing

Audit standards need to lift

January 20, 2020

Darin Tyson-Chan

A specialist practitioner has called for improved professional standards from the auditing community, given the results of the ATO’s review of the top 100 SMSF auditors to date.

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Superannuation

IPA notes end of SG anomaly

January 20, 2020

Darin Tyson-Chan

A major accounting body has reminded all superannuation stakeholders that a loophole in the retirement savings system governing the super guarantee levy has been closed.

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Financial Planning, Regulation

Licensing overhaul not needed

January 16, 2020

Darin Tyson-Chan

The current financial services licensing regime does not need to be changed to make allowances for accountants providing advice, the head of an industry body has said.

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