News

Investments, Regulation

Bennelong positioning itself for market shift

Bennelong Funds Management is in the process of adding a range of boutique investment house offerings to its stable in anticipation of providing individuals with viable alternatives should there be a significant market shift resulting from the Labor Party proposal to ban imputation credit refunds in certain circumstances.

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Business News

Natasha Fenech resigns as SuperConcepts head

SuperConcepts chief executive Natasha Fenech has resigned after five years at the firm to take another opportunity as a chief executive within the financial services industry outside the SMSF sector.

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Retirement, Superannuation

Sector unprepared for cognitive decline

review: superannuation; retirement

The SMSF sector has failed to provide the appropriate regulation, support structure, products and services for trustees facing cognitive decline, according to research house Investment Trends.

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Platforms, Superannuation

FUA rise, technology updates for BT Panorama

BT Financial Group (BTFG) has announced its funds under administration (FUA) have risen by 65 per cent since November 2017 to reach $13 billion.

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Accounting, Education, Financial Planning

FASEA issues foreign qualification guidance

The Financial Adviser Standards and Ethics Authority (FASEA) today released its policy on foreign qualifications for financial advisers, outlining how new and existing advisers can qualify under the new education standards.

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ASIC

Planner charged over SMSF fund transfers

A former Melbourne financial planner has been charged with 13 offences involving dishonesty relating to his clients’ SMSF assets while running a financial services business.

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Investments

Gold: still marching 400 years later

Gold has fallen out of fashion over the past five years, but SMSF investors might be advised to reconsider its place in their portfolios due to late-cycle concerns and heightened geopolitical risk.

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Accounting, ASIC, Property

Industry echoes execution-only advice warning

SMSF industry experts have repeated warnings issued by the corporate regulator that there will be a clampdown on client-driven execution-only advice by unlicensed accountants establishing SMSFs for their clients.

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Accounting, Regulation

Substance of advice requires greater focus

The accounting profession must place greater importance on substance over form within the framework of the new licensing regime, an industry executive has said.

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ASIC, Regulation

Firms reminded of AFCA membership

The Australian Securities and Investments Commission (ASIC) has reminded financial firms that are members of the Australian Financial Complaints Authority (AFCA) to notify the regulator of their AFCA membership by 30 November or face late fees.

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