Articles by Todd Wills

financial advice, Legislation

Adviser class name may change

Financial advice QAR Quality of Advice Review Qualified advisers

Concerns from industry and consumers may force the government to change the naming of the new class of financial advisers as part of the QAR reforms.

read more
financial advice, Legislation

Accountants call for end to adviser exam

Financial adviser exam Quality of Advice Review Chartered Accountants Australia and New Zealand CPA Australia

Two industry bodies have urged Treasury to consider removing the financial adviser exam administered by ASIC.

read more
Death benefits, Pensions, Tax

$3m super tax pension risk

SMSF Reversionary pension $3m soft cap tax Pension

Reversionary pension beneficiaries may be at risk of an additional tax hit due to a provision contained within the draft legislation for the $3 million soft cap measure.

read more
ASIC, financial advice

Thousands of advisers still unregistered

ASIC Financial Advisers Register FAR Financial Advice Association Australia FAAA

Many financial advisers have yet to fulfil their requirement to register with ASIC, even though the final deadline for registration is just a little over two weeks away.

read more
ATO, Auditing

Asset charge check impractical

ATO Charge over assets Derivatives SMSF Auditors

Recent ATO guidance regarding checking charges for property assets held by an SMSF may be impractical for auditors and the regulator has missed an opportunity to clarify an emerging compliance risk.

read more
Education, financial advice

SMSFA pushes for lower adviser exam fee

SMSF Association financial adviser exam Treasury consultation costs reduction

The SMSF Association has requested a reduction in the sitting fee for the financial adviser exam and backed a government proposal to change certain provisions of the test.

read more
Death benefits, SMSF, Succession Planning

Smaller SMSFs more practical

SMSF Succession planning Governing rules Enduring power of attorney Membership of a fund

An SMSF containing a small number of people is likely to experience fewer issues when planning for the death or incapacity of a member.

read more
Retirement, Superannuation

Australians find comfort in super

Superannuation Superannuation system Retirement savings Super Members Council

Most Australians have a high degree of confidence in both the country’s superannuation system and their personal super savings to achieve their financial goals.

read more
Education, financial advice

FAAA backs adviser exam changes

Financial Advice Association Australia FAAA Sarah Abood Financial adviser exam

The peak industry body for the financial advice profession has strongly supported proposed changes to the financial adviser exam.

read more
ATO, Death benefits

Benefit treatment not clear cut

ATO SMSF Death benefit Member benefit treatment

The tax implications for a superannuation benefit paid after the unexpected death of a member will depend on several factors.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.