News

Reverse mortgage milestone passed

June 22, 2022

A specialist firm that helps pensioners access reverse mortgages has passed a milestone in approvals from a scheme run by the government.

read more

Financial Planning, Regulation

Advice delivers trustee opportunities

June 21, 2022

Darin Tyson-Chan

Specialist financial advice is providing trustees with better regulatory knowledge that can lead to a material benefit for their SMSF.

read more

Auditing

Workaround possible for limited valuation data

June 21, 2022

Tia Thomas

SMSF trustees who cannot find comparable sales data for use in a property valuation can rely on other forms of information if they have sufficient evidence.

read more

Financial Planning

Industry push for advice regime change

June 21, 2022

Jason Spits

A group of 12 industry bodies has recommended the Quality of Advice Review focus on making advice easier to deliver by enabling the professionalism of practitioners

read more

Financial Planning

Perception tarnishing SMSF advice

June 20, 2022

Darin Tyson-Chan

Poor industry perception is preventing younger SMSF trustees from seeking financial advice to assist them in the running of their own super fund.

read more

Regulation

DDO regime should include carve-out

June 20, 2022

Jason Spits

SMSFs should be exempt from design and distribution obligations as they are not products, but personalised structures used by members to access products.

read more

ASIC

Squirrel penalised for false investment claims

June 20, 2022

Tia Thomas

Squirrel Superannuation Services has been ordered to pay a penalty after ASIC found it falsely marketed investment returns for residential property held via SMSFs.

read more

Investments

Pooled investments favoured

June 20, 2022

Jason Spits

SMSFs are using pooled structures for around one-third of their investments, according to an analysis of underlying funds from an administration provider.

read more

ATO, Compliance