News

ATO, Documentation, Superannuation

TBC change needs data access

TBC indexation ato data

The SMSF sector will need access to data held by the ATO related to transfer balance caps (TBC) ahead of its indexation to prevent further confusion and errors, an administrator has claimed.

read more
Documentation, Technology

Keep processes tight using new technology

SMSF approval procedures technology

High standards regarding SMSF approval procedures need to be maintained despite the increased use of technology.

read more
Financial Planning

Commission yet to deliver improved outcomes

hayne commission improved advice

The recommendations of the Hayne Royal Commission have not improved financial advice or lessened the complexities of its regulatory framework, the AFA says.

read more
Business News, Practice Management

Communications revamp to impact sector significantly

advisers trustees communication

Imminent changes to accepted communications techniques are likely to have a significant impact on SMSFs.

read more
Compliance, Regulation

Financial interest duty not penalty free

SMSF best financial interest duty

Trustees looking at not acting in the best financial interest of members may still be hit despite proposed duty changes carrying no penalty.

read more
Financial Planning, Regulation

New disciplinary body should bring reform

adviser disciplinary body

The AFA has called on the government to use the establishment of a single disciplinary body to reduce the complexity of the financial advice framework.

read more
Pensions

No pension reserve solution yet

pension reserve SMSF

SMSF practitioners are still searching for ways to extinguish pension reserves in an SMSF that are no longer needed.

read more
Superannuation

Contribution incentives can offset early release

early release super contribution

Superannuation fund members who used COVID-19 early release measures should be given greater contribution caps and government-funded incentives to replenish their balances.

read more
ASIC, Financial Planning

Rising ASIC levy needs review

ASIC levy financial advisers

The FPA has urged the government to review the ASIC levy on planners, noting its increases are inconsistent and adding to the burden of providing advice.

read more
Superannuation

Use budget to simplify super

budget superannuation system

The SMSF Association has urged the government to use the 2021/22 federal budget to simplify the retirement income system.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.