News

Retirement

Multiple retirement income sources expected

retirement income sources

The majority of Australians expect to fund their lifestyle in retirement from a variety of sources and not just their superannuation.

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Investments

OpenInvest signs new partnership

OpenInvest Investor Desk

OpenInvest has signed its first new partnership for 2023, joining with a Sydney-based firm to launch a digital investment service with thematic portfolios.

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NALI/NALE

NALE fix heavy-handed, unfair

NALE proposal

A government proposal to deal with NALE breaches is excessive and will create an uneven tax environment in superannuation.

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Contributions

TBC set to rise to $1.9 million

TBC $1.9 million

High levels of inflation will create a double rise in the indexation of the general transfer balance cap, pushing it up by $200,000.

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Contributions

Indexation impact beyond TBC

TBC indexation

A number of key superannuation elements will be affected should a second round of indexation be applied to the general transfer balance cap.

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ASIC

Ex-SMSF adviser guilty of dishonest conduct

SMSF adviser dishonest conduct

A former financial adviser has pleaded guilty to three counts of engaging in dishonest conduct while running a financial services business.

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Superannuation

Solid support for legislating super objective

superannuation objective support

Australians have expressed their support to legislate the objective of superannuation with the proviso it will focus on retirement income for all.

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NALI/NALE

Govt proposes NALE fix

NALE general expenses

The government has proposed that NALE breaches be ring-fenced and tax penalties applied only to any advantages gained within a fund.

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Investments

Macro view to risk management

SMSF risk management

SMSF trustees are mitigating the risk of their funds from an overall perspective as opposed to looking at it from a more granular perspective.

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Pensions

Benefit redirections allowable

super benefit redirections

Super fund members can redirect benefit payments to other bank accounts despite some funds imposing artificial barriers to prevent these movements.

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