News

Retirement review has scope to evaluate policy

October 2, 2019

The review into retirement income will have the ability to assess current policies by gathering facts-based evidence including the exclusion of family homes from the assets test.

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Strategy, Superannuation

SMSFs including family members has pitfalls

October 2, 2019

Darin Tyson-Chan

The director of a mid-tier accounting firm has recommended serious assessment be performed before including adult family members in an SMSF due to the additional elements of risk associated with this strategy.

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Compliance, Property

Compliance hampers family trust property transfers

October 2, 2019

Tharshini Ashokan

Trustees need to be aware of all potential compliance hurdles when considering the acquisition of a property from a related family trust, a specialist law firm says.

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Regulation, Retirement

Retirement alliance endorses govt review

October 1, 2019

Darin Tyson-Chan

The Alliance for a Fairer Retirement System (the Alliance) has welcomed the federal government’s Review into the Retirement Savings System and has put forward five questions the process should answer.

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Investments, Superannuation

Trustees need to understand investment structures

SMSF investment structures need closer look

October 1, 2019

Tharshini Ashokan

The structure used by an SMSF when investing on a co-operative basis must be clearly understood by trustees in order to ensure their fund complies with ATO regulations, an SMSF expert says.

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Investments, Retirement

Retirement income products too hard for some

October 1, 2019

Jason Spits

Investment managers have not produced more retirement income products because some don’t have the capability or patience to do so, one product provider has claimed.

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Auditing, Investments

Whole of wealth picture beyond auditors’ scope

September 30, 2019

Darin Tyson-Chan

A technical manager has claimed that SMSF auditors cannot assess the adequacy of a fund’s investment strategy in the context of a trustee’s assets held both inside and outside of super.

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Retirement, Superannuation

Govt formalises retirement review

September 30, 2019

Tharshini Ashokan

An independent review of the retirement income system has been commissioned by the Government, with the final report expected in mid-2020.

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Retirement, Superannuation

Australia in retirement wellbeing top 10

September 30, 2019

Jason Spits

Australia has been named as a top ten nation for the level of overall wellbeing experienced by its retirees but lagged behind in the area of quality of life, according to new report.

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Auditing, Investments

Investment strategy percentages not needed

September 26, 2019

Darin Tyson-Chan

Fund investment strategies do not need to specify the percentage of an SMSF portfolio that will be allocated to a certain asset class, a specialist auditor has said.

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