News

Appointments

IFPA expands tech team

IFPA Institute of Financial Professionals Australia Stuart Sheary

IFPA has recruited a new technical expert from a major advice group, further adding to its abilities to provide specialist support for its members.

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SMSF, Trusts

SMSFs with unrelated parties unwise

Phil Broderick Unrelated parties SMSF Self-managed superannuation Sladen Legal

The establishment of an SMSF incorporating unrelated parties for joint investments is ill-advised and can complicate member disputes.

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Auditing, Property

Second-tier valuation evidence less reliable

SMSF Self-managed superannuation Deloitte Liz Westover Asset valuation Audit evidence

Trustees struggling to get formal property valuation evidence can use other forms of data to support their estimate, but they may be regarded as less reliable by the fund’s auditor.

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ESG, ETFs, Investments

Betashares releases ESG-focused bond ETF

Betashares Ethical Australian Composite Bond ETF ETF Exchange-traded fund ESG

Betashares has launched a new ETF for investors aiming to incorporate ESG credentials into their portfolios while seeking stable returns.

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Accounting, Death benefits, Pensions

Death benefit pensions account agnostic

Death benefit pension Preservation age Reversionary Non-reversionary

A death benefit pension does not need to be commenced from any particular type of account held by the primary member prior to their death.

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Compliance, financial advice, Insurance

Seek legal advice on injury contribution

Self-managed superannuation SMSF personal injury settlement settlement compensation superannuation contribution BT Financial Group Tim Howard

Practitioners advising SMSF members on using personal injury settlements for super contributions should ensure the payments meet key eligibility criteria.

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Documentation, Pensions

Pension status change possible

Self-managed superannuation SMSF Reversionary pension Status Cooper Partners Financial Services Jemma Sanderson DBA Lawyers Dan Butler

It is possible to change the reversionary status of a pension inside an SMSF as long as it remains a pension and the fund’s supporting documents allow it.

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financial advice

Demand for advice specialists grows

Financial advisers Specialists

The provision of financial advice has become increasingly complex due to the diverse needs of clients and a shortage of specialist practitioners working in the industry.

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ASIC, financial advice

Case against Dixon director dismissed

Dixon Advisory and Superannuation Services E&P Operations insolvency ASIC Paul Ryan Federal Court

A case brought by ASIC against a Dixon Advisory director alleging a breach of duties in regards to decisions about the insolvency of the advice group has been dismissed.

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