News

Test ethical judgments through questioning

July 30, 2020

financial advisers professional judgement

Financial advisers can show their professional judgement is also ethical by viewing their actions from the point of view of an impartial third-party.

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Financial Planning, Regulation

ASIC unveils new dispute framework

July 30, 2020

Jason Spits

Financial advisers will fall under a new internal dispute resolution system from late 2020 that requires quick, but detailed, responses to complaints.

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Pensions

Call for market-linked pension fix

July 29, 2020

Darin Tyson-Chan

The SMSF Association has asked the ATO to use its discretionary powers to correct an irregularity in the transfer balance account debit calculation when market-linked pensions are commuted.

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Superannuation

COVID-19 to spur SMSF growth

July 29, 2020

Darin Tyson-Chan

The coronavirus pandemic is likely to boost the number of SMSFs as people re-examine their financial affairs in the wake of the virus crisis.

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Financial Planning

Specialist advice needed more than ever

July 29, 2020

Darin Tyson-Chan

The SMSF Association has stated there has never been a more critical time for trustees to receive specialist SMSF financial advice.

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FASEA

FASEA code does not prevent action

July 29, 2020

Jason Spits

Advisers should not regard the FASEA Code of Ethics as restricting behaviour, but instead as providing a framework around the actions that need to be taken.

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Auditing

Evidence of investment review key to audit

July 29, 2020

Tharshini Ashokan

Auditors will look for evidence trustees have reviewed their SMSF investment strategy in light of the significant events of 2020, an audit expert says.

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LRBA