News

ASIC, financial advice, Financial Planning

Former adviser cops four-year ban

A former financial adviser based on the Gold Coast has received a four-year ban from ASIC for failing to act in the best interest of his clients.

A former financial adviser based on the Gold Coast has received a four-year ban from ASIC for failing to act in the best interest of his clients.

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financial advice, Financial Planning, Retirement

Advice builds confidence in retirement

New research has confirmed Australians who have received financial advice are much more confident about their retirement than those who have not.

New research has confirmed Australians who have received financial advice are much more confident about their retirement than those who have not.

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Compliance, Contributions, Strategy

Compensation payments impact caps

Contributions caps will play a key role in the deciding the handling of compensation payments made to an SMSF or its members.

Contributions caps will play a key role in the deciding the handling of compensation payments made to an SMSF or its members.

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Compliance, Regulation, Superannuation

One-for-one EPOA selection not needed

An individual appointed as an enduring power of attorney for an SMSF is not limited to act on behalf of only the fund’s trustees.

An individual appointed as an enduring power of attorney for an SMSF is not limited to act on behalf of only the fund’s trustees.

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Auditing, Compliance

Separation of assets must be provable

Auditors must seek evidence SMSFs are complying with separation of assets rules regardless of how the fund is holding them.

Auditors must seek evidence SMSFs are complying with separation of assets rules regardless of how the fund is holding them.

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ETFs, Investments

New high yield ETF from Betashares

ETF provider Betashares has launched an Australian equity high-yield ETF and revamped its global equity high-yield product making it cheaper.

ETF provider Betashares has launched an Australian equity high-yield ETF and revamped its global equity high-yield product making it cheaper.

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Contributions, SMSF

Rollovers are residency test trap

Rollovers made into an SMSF by members who are overseas residents will be considered a contribution for residency test purposes.

Rollovers made into an SMSF by members who are overseas residents will be considered a contribution for residency test purposes.

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AFCA

AFCA wholesale view the new normal

AFCA’s view on who can be considered a wholesale client is binding on SMSFs since no other government or regulatory guidance has contradicted it.

AFCA’s view on who can be considered a wholesale client is binding on SMSFs since no other government or regulatory guidance has contradicted it.

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ART, financial advice, Financial Planning, SMSF

SMSF adviser’s 10-year ban upheld

The Administrative Review Tribunal has upheld a decision to impose a 10 year ban on an adviser who spruiked SMSFs to buy into risky investments.

The Administrative Review Tribunal has upheld a decision to impose a 10 year ban on an adviser who spruiked SMSFs to buy into risky investments.

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