News

ASIC

ASIC begins Dixon Advisory civil proceedings

ASIC Dixon Advisory

ASIC has started civil penalty action again investment, retirement and SMSF advisory firm Dixon Advisory over claims of conflict of interest and best interest failures.

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Financial Planning

Regulation blocks advice access

financial advice regulation

The complex regulation surrounding the provision of financial advice drives up costs and prevents a large portion of the population from accessing much-needed advice.

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Superannuation

Six-member funds back on table

six-member SMSFs

The government has revived its plans to allow six-member SMSFs after introducing legislation into parliament to enact the change.

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Superannuation, Tax

CGT least harmful super tax tweak

CGT superannuation tax

Adjusting the capital gains tax concession on super fund assets is the least disruptive option should the government look to the country’s retirement savings framework to repair the budget deficit caused by the coronavirus, a specialist manager has advised.

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Residential Property, Retirement

Bigger retirement role for family home

retirement family home

In a COVID-19-centric world, it’s hard to think of a news story that will overshadow the pandemic, if only for a day. But the Retirement Income Review report, when the federal government finally chooses to release it, might just do that. Certainly, this review will set the parameters for a critical debate about the future […]

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Investments

Growth assets an SMSF priority

SMSF capital growth

Maximising capital growth has become more important than ever before to SMSF trustees, the latest sector research has shown.

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Pensions

Grandfathered pension check crucial

Grandfathered pensions

Advisers should check if pensions are grandfathered when stopping and starting ABPs to avoid potentially devastating outcomes for some clients, an SMSF technical expert says.

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Accounting

Be cautious around SMSF loan discussions

SMSF loan refinancing

Accountants have been warned to tread lightly when discussing SMSF loan refinancing in the coming months and be certain to keep their advice within tight limits.

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Education, FASEA

FASEA offers credits for postgraduate study

FASEA postgraduate

FASEA plans to recognise postgraduate qualifications and historical courses offered by professional bodies under new amendments to its course list.

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Pensions

Pension payments over minimum

Minimum pension

The latest ATO statistics have shown SMSF members in retirement have historically been drawing down more than the minimum pension required.

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