Australia’s first managed fund that invests solely in peer-to-peer lending has been launched, offering access to high yields and low volatility the asset class can provide for sophisticated SMSF investors and high net worth investors.

The changes to superannuation announced in the 2016 federal budget, namely the $1.6 million transfer balance cap and the $500,000 non-concessional contributions lifetime cap, will have an impact on more than 4 per cent of the population and will effectively take away the retirement savings aspirations of many Australians.

Ascentiv Group has provided the Australian Securities and Investments Commission (ASIC) with an enforceable undertaking (EU) in light of the corporate regulator’s concerns over the appropriateness of advice provided to clients about the establishment and use of SMSFs.

The flexibility and control associated with SMSFs mean they continue to be the most effective superannuation vehicle even in light of the changes to the industry handed down in the 2016 federal budget, according to the SMSF Association.

Reserving strategies would become more powerful and relevant as a result of the new transfer balance cap of $1.6 million relating to the pension phase of superannuation funds handed down in the 2016 federal budget, according to an SMSF sector expert.

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 […]