News

Business News

Zenith sold to UK-based fund data firm

Zenith group sold

Zenith Group and its research house Zenith Investment Partners has been acquired by a UK-based data and research firm.

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ATO, Contributions

Cap rule change not a strategic break

excess contribution charge

The scrapping of the excess concessional contributions charge in the Your Future, Your Super laws is not an opportunity to gain a tax benefit.

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Superannuation

Corporate trustees protect assets better

SMSFs corporate trustee

SMSFs with a corporate trustee in place can offer better protection of personal assets should the fund have legal action taken against it.

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Contributions, NALI/NALE

Asset transfers hang on final ATO decision

Assets transfer contribution

SMSF members moving assets into their fund as a partial non-concessional contribution should wait until the ATO’s final decision as to whether the move will fall under NALI provisions.

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Investments, Portfolio Construction

OpenInvest looks to bridge advice gap

financial advice OpenInvest

A new wealth platform has been introduced to the market that will give individuals better access to investment portfolios and financial advice.

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ATO, Superannuation

Temporary ESA solution complex

ESA SuperStream

The ATO has outlined a complicated solution to allow SMSFs with an ESA that is not rollover ready to receive a transfer of benefits.

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Superannuation

Corporate trustee now winning the day

corporate trustee SMSF

Having a corporate trustee is now the preferred operational structure for SMSFs at establishment and during the fund’s lifespan.

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Financial Planning, Regulation

Govt seeks Better Advice Bill industry input

Better Advice Bill

The draft Better Advice Bill has been opened to consultation from the financial services sector with regard to future adviser education requirements.

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FASEA, Financial Planning

RPL useful for adviser retention

RPL advisers

Greater recognition of prior learning should be used to retain advisers rather than forcing them to choose between quitting or extensive study.

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Financial Planning

COVID-19 drives practice change

COVID-19 SMSF advisers

Financial planners have significantly changed the methods by which they service their SMSF clients since the outbreak of the COVID-19 pandemic.

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