News

ASIC, Education, Insurance

Education key to 2019 advice proposition

SMSF; FASEA; credit; specialist

The findings from the Australian Securities and Investments Commission’s (ASIC) “Report 575: SMSFs: Improving the quality of advice and member experiences” indicate education activities for trustees should be an important part of advice propositions in the coming year, according to a specialist business consultant.

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Accounting, ASIC, Compliance

Unlicensed accountants get new documentation tool

Specialised SMSF training firm Smarter SMSF has joined forces with Licensing for Accountants to launch a documentation tool for unlicensed accountants, allowing them to provide execution-only services without providing advice.

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ETFs, Investments

Fidante unveils active ETF suite

Investment manager Fidante Partners today launched its ActiveX offering, which will comprise a series of actively managed exchange-traded funds (ETF) run by a variety of boutique fund managers.

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Appointments, ASIC

Govt announces new ASIC deputy chair

The federal government has appointed Productivity Commission deputy chair Karen Chester as a full-time deputy chair of the Australian Securities and Investments Commission (ASIC).

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Regulation, Superannuation, Tax

Current imputation refund impost not accounted for

The Financial Services Council (FSC) has criticised the premise the Labor Party has used from a government expenditure perspective to justify its proposed policy of banning imputation credit refunds for certain retirees in its submission to the House of Representatives Standing Committee on Economics inquiry on the matter.

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ETFs, Investments

US ETFs key to more diversification

SMSF trustees and advisers must consider using United States exchange-traded funds (ETF) for diversification and access to a broader range of sectors, according to a wealth management firm.

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Property, Superannuation, Tax

Negative gearing change to increase super appeal

The change to the negative gearing rules the Labor Party is likely to introduce should it win power at the next federal election could make superannuation an even more attractive investment vehicle from a tax perspective, a mid-tier accounting firm has predicted.

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HNWI, Regulation, Superannuation

Reforms have blunted imputation credit policy

The effect of the $1.6 million transfer balance cap contained in the 2016 federal budget super reforms stands to diminish the amount of tax expenditure the Labor Party is looking to claw back from its proposed imputation dividend refund ban for certain individuals, a mid-tier accounting firm partner has said.

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ETFs, Investments

SMSF appetite strong for tech stocks

Exchange-traded fund (ETF) provider BetaShares is continuing to experience strong demand for its global technology sector ETF range from SMSFs, advisers, self-directed investors and millennials.

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Financial Planning, Regulation

AFCA probing systemic issues, serious breaches

The Australian Financial Complaints Authority (AFCA) is currently investigating 84 definite systemic issues and four potential serious contraventions and other breaches, with complaint rates skyrocketing in the body’s first month of operation.

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