Articles by Jason Spits

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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Documentation, Strategy

Abbott to seek funds, continues political push

Man taking money out of wallet for crowdsourcing

SMSF expert Grant Abbott will seek crowdsourced funding to expand his fledgling document business and has also committed to growing his recently launched political party.

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Pensions, Superannuation

Overdue super and pensions review welcomed

Calls by the Treasurer for a review of the retirement income system have been welcomed, but such a probe has been labelled as overdue.

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