Two separate Australian Securities and Investments Commission (ASIC) investigations have resulted in one man pleading guilty to six different charges and another being charged with 31 counts of deception and one count of dishonest dealings with documents.

Asset manager VanEck has released two new exchange-traded funds (ETF) on the Australian Securities Exchange (ASX). The VanEck Vectors FTSE Global Infrastructure (hedged) ETF (ASX code IFRA) will provide individuals with an avenue to invest in global listed infrastructure securities. The benchmark to be used for the new offering is the FTSE Developed Core Infrastructure […]

The federal government’s intention to implement the Financial System Inquiry (FSI) recommendation to have the purpose of superannuation enshrined in law has been met with a mixed reaction from the SMSF sector. The SMSF Association welcomed the announcement and was optimistic about working with the government to shape the objective. “We have been a strong […]

Macquarie has introduced a new automated advice service to the market aimed at SMSF trustees and self-directed investors.

SMSF advisers and trustees need to be aware the ATO’s practical compliance guideline (PCG) issued last month regarding limited recourse borrowing arrangements (LRBA) does not cover all assets or all aspects of these types of gearing strategies, according to some sector experts. SMSF Design chief executive Tracey Besters pointed out the safe harbour circumstances outlined […]

The scrapping of the 10 per cent rule was one positive change in regard to superannuation that was contained in last week’s federal budget, according to a retirement savings expert.