News

Legislation, Regulation, Retirement, SMSF, Superannuation

RIC unnecessary for SMSFs

SMSF Retirement Income Covenant Investment strategy IFPA

The government is being encouraged to exclude SMSFs from the provisions of the Retirement Income Covenant after it recently raised the possibility of their inclusion.

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Retirement, Superannuation

Shift in policy focus supported

Actuaries Institute retirement superannuation drawdown accumulation decumulation

The government’s increased focus on the decumulation phase of superannuation has drawn support from a key professional body.

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Appointments, Business News

Cooper joins Bennelong board

Appointment Bennelong Funds Management John Burke Jeremy Cooper

Retirement income specialist Jeremy Cooper has joined the board of Bennelong Funds Management as a non-executive director.

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Contributions, Legislation, SMSFA

Contribution rule change effect visible

SMSF Association ATO work test Contributions SMSFs

The latest ATO statistics covering the SMSF sector have shown amendments to the contribution rules have made a significant impact on trustees.

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Auditing, Compliance, SMSF

Lower-cost audits fraught with risks

Auditor independence standards SMSF auditors APES 110 Auditing services Low-cost

The increasing use of cheaper, outsourced SMSF auditing services may pose new risks in relation to upholding the independence standards for auditors in the sector.

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Contributions, Education

Heffron unveils intermediate SMSF course

SMSF Education Heffron Super Extension Super Foundations

Heffron has broadened its educational options for professionals seeking to delve deeper into their SMSF understanding beyond the entry-level Super Foundations course.

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ETFs, Investments

Betashares expands Nasdaq ETF offering

Betashares ETFs Nasdaq 100

Betashares will add two new funds with exposure to the Nasdaq to its range of ETFs, bringing its total number of offerings on the ASX to 90.

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Administration, Compliance, Investments, SMSF

Investment bands totally unnecessary

SMSF Investment strategies Asset allocations tables SIS Act

The inclusion of specific allocations to particular asset classes in SMSF investment strategies should be avoided to mitigate compliance issues.

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ASIC, Auditing, Compliance, SMSF

ASIC sanctions nine SMSF auditors

SMSF auditors ASIC Disqualification Compliance

ASIC has taken action to remove seven SMSF auditors from practice and imposed conditions on two more practitioners after referrals from the ATO.

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ATO, SMSF, Superannuation

Sector shows solid long-term growth

ATO SMSF sector data Growth Establishments wind-ups assets

The latest annual data from the ATO has confirmed the ongoing steady growth of the SMSF sector, which now accounts for a quarter of all superannuation assets.

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