Articles by Jason Spits

ASIC

ASIC prepares for FSCP rollout

ASIC adviser enforcement

ASIC has started preparations for its new adviser enforcement panel, but will not release guidance on its operation until early next year.

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Business News

BT to close Panorama admin service

BT Panorama SMSF

BT will close the SMSF establishment and administration services offered through its Panorama investment platform at the end of this week.

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FASEA

Exam re-mark creates licensing limbo

advisers exam results

Advisers waiting for a re-mark of the most recent FASEA exam will be unable to provide advice until they receive results in the new year.

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Financial Planning, Regulation

Review to look at scope of accountants advice

advice review accountants

The quality of financial advice review will consider what financial advice is, who can offer it and what accountants can do in the area of super.

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ATO, Superannuation

ATO flags bank transaction limits

SuperStream transaction limits

SMSFs should check if they have enough liquid assets and no transaction limits when planning on using SuperStream.

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Education

Govt amends degree requirements

financial advisers degree

The government has announced plans to allow advisers with a decade’s experience and a clean compliance record to practice without a degree.

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Investments

Software creates investment allocation flaw

investment strategy allocations

Differences in how software systems view assets can lead to flaws in how auditors may view an investment strategy.

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Retirement

Changes to Pension Loans Scheme welcomed

Pension Loans Scheme retirees

A revised name and interest rate for the Pension Loans Scheme have been welcomed by retirees, who say the changes will expand the appeal of the program.

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Appointments

FSC names acting chief executive

FSC deputy chief executive

The Financial Services Council has looked within to find an acting chief executive as Sally Loane makes her exit after seven years.

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Superannuation

Budget measures will become election promises

SMSF budget measures

The SMSF sector is likely to see budget changes from this year re-announced as election promises rather than as enacted bills in the next year.

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