Articles by Darin Tyson-Chan

Pensions

One ECPI rule still confuses

ECPI small fund assets

Practical evidence suggests the disregarded small fund assets component of the exempt current pension income rules is continuing to cause confusion.

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Financial Planning, Investments

Cognitive bias needs recognition

cognitive bias SMSF strategy

The cognitive bias of trustees need to be considered, and incorporated where practical, within an SMSF investment strategy.

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FASEA, Financial Planning

Piecemeal advice makes FASEA code compliance easier

Piecemeal advice FASEA code

Practitioners may need to break the SMSF advice they provide into piecemeal segments that are more easily digestible to better ensure compliance with standard five of the Financial Adviser Standards and Ethics Authority (FASEA) Code of Ethics, a sector specialist has said. BT Financial Group head of financial literacy and advocacy Bryan Ashenden told delegates […]

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Accounting, Practice Management

Pricing behaviour needs to change

Accounting client pricing

Formulating an appropriate price to charge accounting clients must be driven by what the practice feels the advice is worth and not unrelated, external factors

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Technology

SMSFs a tech efficiency example

SMSF technology efficiency

The SMSF sector has shown how technology can be effectively used to create better consumer outcomes, particularly in terms of cost savings

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Accounting

Discounts must be compensated

accounting fees

Accounting firms must request adequate compensation for any discount to their service fees requested by a client.

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Financial Planning

Client role key for advice

Client capacity SMSF advice

Practitioners need to understand whether they are advising the SMSF trustee or SMSF member to be most effective.

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Financial Planning

Doubt over who owns client relationship

owns client relationship

New legislation has cast doubt over whether an adviser or a service provider owns an existing client relationship.

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Superannuation

First-job SMSF validation needed

Value proposition SMSFs

SMSFs need to improve their appeal to first-time workers to be considered a viable super fund for life option.

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Superannuation

Your Future, Your Super contradictory

Your Future, Your Super

Labor has claimed there are significant problems with the Your Future, Your Super bill, particularly around performance measures, that need attention.

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