News

Regulation, Retirement, Superannuation

Petition launched to fight franking credit changes

An online action group has joined the push against plans by the federal opposition to remove refundable dividend imputation credits for self-funded retirees, claiming the proposed move punishes people who have heeded calls to save for their own retirement.

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Financial Planning

Family and friends remain trusted advisers

Around 6 million domestic consumers seek advice about money and investments from family and friends rather than professional financial planners, while 3.5 million Australians are asked for financial advice, according to Roy Morgan.

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Accounting, Education, Financial Planning

FASEA confirms relevant degree standards

The Financial Adviser Standards and Ethics Authority (FASEA) has registered the legislative instrument for relevant provider degrees, qualifications and courses.

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Education, Financial Planning

FASEA issues final CPD instrument

Financial advisers will need to complete 40 hours of continuing professional development (CPD) each year, of which 70 per cent will need to be approved by the licensee, including four hours of professional reading, according to the education standards authority.

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ETFs, Investments, Portfolio Construction

ETFs to remain popular for SMSFs

A leading exchange-traded fund (ETF) provider has predicted allocations from the SMSF sector to continue to be strong in 2019, aided by other trends in the financial services landscape.

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Education, Financial Planning

FASEA delivers professional year titles

The Financial Adviser Standards and Ethics Authority (FASEA) has determined financial advisers undertaking work and training requirements as part of their professional year will be known as “provisional financial planners” or “provisional financial advisers”.

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Education, Financial Planning

FASEA confirms relevant provider terms

The Financial Adviser Standards and Ethics Authority (FASEA) has determined the final expressions to be used for a provisional relevant provider are “provisional financial adviser” or “provisional financial planner”, which can be used interchangeably.

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Accounting

Merry Christmas

The team at selfmanagedsuper would like to wish all of its readers a very Merry Christmas and a happy, healthy and prosperous New Year.

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ASIC, Compliance, Documentation

Best interest duty unwieldy for advisers

A report from the corporate regulator saying advisers did not demonstrate compliance with the best interest duty in relation to SMSF advice in 91 per cent of the cases reviewed indicates the cumbersome nature of the best interest duty rather than poor advice, according to Lime Actuarial.

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Compliance, Property

SuperConcepts integrates with CoreLogic

SuperConcepts has added property data firm CoreLogic’s PropertyHub to its Connected Services portal for all SuperMate software trustee and SMSF administration clients.

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