Articles by Jason Spits

Superannuation

SMSF result strong as AMP profit plunges

The performance of AMP’s SMSF business, SuperConcepts, remained strong amid a significant fall in profits experienced by the financial services company.

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Regulation

Bill to expand SMSF size tabled

SMSFs will be able to service up to six members by mid-year under legislation introduced into Parliament today.

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Administration, Tax

Class offers new automated tax statement service

Class has introduced an automated tax statement system that can create individual or bulk statements for directly held securities.

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Regulation

Stalled legislation should trump royal commission

The banking royal commission recommendations should not be rushed through Parliament, which still has to deal with stalled legislation, claims the FSC.

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Regulation, Retirement

Franking credit campaign ‘misrepresentations’ addressed

SMSF; review; industry fund

The head of Wilson Asset Management has rejected claims he has formal ties to Liberal MP Tim Wilson, despite both campaigning against the removal of franking credit refunds.

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LRBA, Property

New call for total LRBA ban

A total ban should be placed on all LRBAs due to their high risks, according to a property research house.

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Compliance, Education

FASEA releases final Code of Ethics Standard

The body tasked with overseeing adviser education and professionalism has released the final of seven standards, publishing its finalised code of ethics.

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Business News

NAB CEO and chairman to depart

NAB will seek replacements for its chief executive and chairman, who have announced their pending departures.

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Administration, Documentation, Pensions

Advisers urged not to skimp on pension documents

A leading service provider has recommended SMSF advisers opt for full pension documents, even if it may cost clients more, to prevent confusion and breaches of PI insurance.

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Investments

Bond firm penalised for misleading statements

Concerns about statements related to investment performance have prompted ASIC to fine a bond trading company.

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