News

SMSF wind-ups lowest on record

October 14, 2020

Wind-ups of SMSFs fell to previously unseen lows in the 2020 financial year, resulting in a much higher number of net establishments compared to 2019, the ATO’s latest statistics reveal.

read more

Financial Planning

COVID-19 redefines value of advice

October 14, 2020

Darin Tyson-Chan

How the value of advice is defined should be one of the legacies arising from the coronavirus pandemic, the head of an industry body has said.

read more

Superannuation

Cap indexation likely in 2021

concessional contributions cap indexation

October 13, 2020

Darin Tyson-Chan

The process of indexation is likely to be applied to the concessional contributions cap from 1 July 2021 due to the effect of COVID-19, a sector specialist has said.

read more

Accounting, Administration

Class releases trust administration product

October 13, 2020

Jason Spits

Class has released a trust administration product that draws on its recent acquisitions and will integrate with its SMSF and investing platforms.

read more

Business News, Financial Planning

MetLife to support adviser mental health

October 13, 2020

Tharshini Ashokan

MetLife Australia has launched a campaign to help financial advisers recognise and seek help for signs of a decline in their mental health and that of their colleagues.

read more

Financial Planning

Adviser Ratings unveils ASX adviser tool

October 13, 2020

Tharshini Ashokan

Adviser Ratings has launched a new Find An Adviser tool to help consumers find financial advisers who are ASX trading participants.

read more

Superannuation

SMSF death benefit rollover guidance issued

October 13, 2020

Jason Spits

The ATO has expanded its guidance on how death benefit rollovers should be reported and payments made with specific instructions for SMSFs.

read more

Documentation

Topdocs unveils compliance tool

October 12, 2020

Jason Spits

Topdocs has released a wide-ranging SMSF document suite aimed at providing constantly updated information for advisers and their trustee clients.

read more

Retirement

Budget fails struggling retirees

October 12, 2020

Tharshini Ashokan

The federal budget has neglected retirees who had hoped to receive more income through a more lenient tapering of their asset test, a pension expert says.

read more

Superannuation

Multiple accounts cloud stapled super rule

October 12, 2020

Darin Tyson-Chan

A technical expert has questioned how the existence of multiple retirement savings accounts for one person will affect the new stapled super rule announced in the budget.

read more