Articles by Jason Spits

Administration, Strategy

30 June traps avoidable, but record-keeping vital

Advisers have options to make contributions to an SMSF in the days leading up to the end of the financial year, but need to be proactive in recording dates of transfer.

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Features

They want you: A declaration of war

Uncle sam pointing finger

Are the calls for more regulations from the retail and not-for-profit sectors the first shots in a new turf war or sabre-rattling by a few vocal groups.

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Education, FASEA

Advisers told to wait before doing FASEA exam

Advisers should avoid becoming FASEA exam guinea pigs and instead increase their knowledge via courses before undergoing the test, according to a financial services academic.

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Retirement, Superannuation

Retirees squeezed by rates, longevity

Longer life spans and lower interest rates are putting pressure on retirement income streams that that could be resolved with new investment products.

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ASIC, Financial Planning

WA adviser banned for misleading conduct

ASIC has banned a Perth adviser who recommended SMSFs without considering client interests after he was also found to have recreated missing advice documents.

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Investments, Retirement

Retirement income under pressure after rate cut

Retirement income investments should be reassessed following the latest rate cut, while wider sources of franking credits should also be considered, according to a specialist investment manager.

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Accounting, ASIC

Former accountant jailed for fraud

A former accountant who recommended the use of an SMSF with some clients has been jailed after he defrauded investors of $815,000.

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Financial Planning

Adviser collective to push for tax-deductible advice

A widely affiliated adviser group with more than 3200 members has called for financial advice to be tax deductible in recognition of the growing professionalism of practitioners.

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Appointments, Regulation

Labor names new face in financial services role

The federal opposition has used the recent election to reshuffle its shadow ministry portfolios and, like the government, has selected a new face to deal with the financial services sector.

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ASIC, Financial Planning

Qld adviser banned for five years

A Gold Coast adviser who recommended the use of SMSFs to buy property has been banned after ASIC found the advice was not in the best interest of clients.

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