Articles by Jason Spits

Education, FASEA

Few veterans required to complete eight units

advisers eight unit course

The number of veteran advisers required to complete a full course of study to comply with new standards is low compared to the total adviser pool, according to FASEA.

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Retirement, Superannuation

Fintech tool to overcome early release effect

fintech early release tool

The effect of early release of superannuation on retirement income balances can be mapped according to a fintech firm which claims a new tool can also show how to offset that impact.

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Education, FASEA

Historical CPD doesn’t meet current standards

Historical CPD

FASEA has told a parliamentary committee historical CPD often falls short of new standards, which is why it has not been approved by the authority.

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Documentation

BDBN references to law incorrect

BDBN superannuation law

SMSF trust deeds that rely on super laws to direct death benefits are incorrect as those laws only apply to retail and industry funds, an SMSF expert has warned.

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Documentation

Digital signatures still not ideal for deeds

Digital signatures SMSF deeds

Making permanent changes to federal laws to allow electronically signed digital trust deeds will only assist SMSFs when all the states implement similar changes.

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Superannuation

Impersonal super misses target

impersonal superannuation

Single-solution superannuation offerings prevent fund members from finding the best contribution and investment mix for their retirement goals.

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ASIC

ASIC moves against unlicensed SMSF advice

unlicensed SMSF firms

ASIC has taken court action to prevent the provision of unlicensed SMSF advice, which it alleges has led to the loss of investor funds.

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Superannuation

Related party purchases must be clean

Related party purchases

Trustees must ensure any purchase from a related party is not a proxy for a loan or financial assistance to avoid breaching their obligations.

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ASIC

ASIC chiefs vacate roles over expenses

ASIC Shipton Crennan expenses

The two most senior leaders at ASIC have vacated their positions after they were found to have received remuneration in excess of allowable limits.

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Compliance, FASEA

Conflicts standard needs further work

conflicts of interest FASEA

The AFA has called for further work to be done to clarify the impact of conflict of interest provisions in the FASEA code of ethics.

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