News

Pensions, Retirement

Time running out for anti-detriment benefits

anti-detriment; provisions; death benefits

Advisers wanting to take advantage of the anti-detriment provisions for death benefits paid to their clients must do so before 1 July, a financial institution has said.

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ATO, Strategy

Paperwork and purpose provide NALI protection

Having sufficient paperwork and an investment strategy aligned to the purpose of an SMSF will help avoid claims against NALI arrangements, according to a financial services lawyer.

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Pensions

Pension underpayments a risk for members

SMSF members must meet their mandatory minimum pension amounts in order to claim their tax exemptions for the financial year, an SMSF expert says.

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ASIC, Financial Planning

ANZ completes work over fees for no advice

ANZ has complied with an enforceable undertaking aimed at remediating advice customers caught up in fees-for-no-service conduct.

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Superannuation

APRA imposes new conditions on AMP Super

APRA has imposed new licence conditions on AMP Super to address a range of issues identified by the prudential regulator during and after the financial services royal commission.

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Education, FASEA

FASEA approves bridging and diploma courses

FASEA; Graduate Diploma; bridging course

The Financial Adviser Standards and Ethics Authority has approved a number of graduate diploma and bridging courses, opening the way for advisers to meet their training obligations by the start of 2024.

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Superannuation

Election result should prompt new SMSF push

SMSF practitioners should use the result of the recent federal election to re-engage with consumers and push the case for SMSFs over retail and industry funds, according to an SMSF expert.

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Financial Planning

CBA to offload Count Financial

CBA will sell off Count Financial to former subsidiary CountPlus for less than 1 per cent of what it paid for the business in 2011.

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ETFs, Investments

Praemium to offer SSGA ETFs

State Street Global Advisors has entered into a partnership with managed accounts platform Praemium to offer a suite of ETF model portfolios.

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ASIC, Financial Planning, Property

ASIC begins first conflicted remuneration case

SMSF; advice; conflicted remuneration

A Queensland SMSF advice business and its Perth-based licensee will face court in the first legal case dealing with conflicted remuneration related to financial advice.

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