News

ETFs minimise adviser compliance risk

March 5, 2020

A panel of industry stakeholders has agreed the use of exchange-traded funds can allow advisers to reduce their compliance risks.

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Strategy

Plan for end of SMSF at its start

March 4, 2020

Jason Spits

SMSF advisers should consider how an SMSF will be wound up at the time of its establishment and hold those discussions with clients to avoid any future difficulties.

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Financial Planning

Market uncertainty requires specialist advice

March 4, 2020

Tharshini Ashokan

The market impact of the coronavirus outbreak and the latest RBA rate cut has heightened the need for specialist SMSF advice, the SMSF Association says.

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Investments, Retirement

Retirees require better risk protection

March 4, 2020

Darin Tyson-Chan

ASIC needs to do a better job in making sure the risks associated with offerings advertising higher-than-average returns are properly communicated to retirees, a senior executive from a research house has said.

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Compliance

Targeted implementation of work test amendment likely

March 3, 2020

Darin Tyson-Chan

A technical expert has suggested the relaxing of the work test rules is likely to be implemented in a fashion targeted toward certain individuals.

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Pensions, Retirement

SMSF legacy pensions need reform

March 3, 2020

Tharshini Ashokan

The Actuaries Institute’s call for government action on legacy pensions is an important step towards helping retirees trapped in SMSF legacy income streams, an actuarial services provider says.

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Superannuation, Tax

Actions outside SMSF can impose NALI burden

March 3, 2020

Jason Spits

SMSFs need to be careful about non-arm’s-length actions outside the fund, which can still create a later NALI burden inside the fund.

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Investments, Retirement

Allianz Retire+ adds retirement portfolio tool

March 3, 2020

Jason Spits

Allianz Retire+ has added a portfolio modelling tool to its retirement income product to predict a range of outcomes for those invested in it.

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ATO, Investments

ATO sets high investment strategy standard

March 2, 2020

Darin Tyson-Chan

The ATO’s expectations as to what should be contained in an SMSF investment strategy exceed the law, according to a specialist auditor.

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Documentation

Bushfires spotlight documentation issues

March 2, 2020

Darin Tyson-Chan

Actions to remedy lost or destroyed SMSF documentation have come to the fore as a result of the recent bushfires and floods across the nation, according to a technical expert.

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