News

Superannuation

Election result should prompt new SMSF push

SMSF practitioners should use the result of the recent federal election to re-engage with consumers and push the case for SMSFs over retail and industry funds, according to an SMSF expert.

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Financial Planning

CBA to offload Count Financial

CBA will sell off Count Financial to former subsidiary CountPlus for less than 1 per cent of what it paid for the business in 2011.

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ETFs, Investments

Praemium to offer SSGA ETFs

State Street Global Advisors has entered into a partnership with managed accounts platform Praemium to offer a suite of ETF model portfolios.

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ASIC, Financial Planning, Property

ASIC begins first conflicted remuneration case

SMSF; advice; conflicted remuneration

A Queensland SMSF advice business and its Perth-based licensee will face court in the first legal case dealing with conflicted remuneration related to financial advice.

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Education, FASEA, Financial Planning

Industry body criticises FASEA exam guidance

Guidance material provided by the Financial Adviser Standards and Ethics Authority (FASEA) for its new financial adviser exam has attracted criticism from the advice sector for being too vague and irrelevant.

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Insurance, Superannuation

Super sector launches life insurance education campaign

Two superannuation bodies have launched a joint campaign to raise awareness of the upcoming Protecting Your Super changes and their impact on life insurance cover through super.

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ETFs, Investments

BetaShares, Legg Mason unveil emerging market ETF

BetaShares and Legg Mason have launched the seventh ETF offering in the local market in less than six months, with the investment product offering access to emerging market equities.

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Pensions

June optimal for pension commencement

SMSF; pension; exemption

A specialist lawyer has suggested June is the best time for SMSF members to start a pension, using an exemption related to minimum yearly draw-down amounts.

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Administration, Strategy

30 June traps avoidable, but record-keeping vital

Advisers have options to make contributions to an SMSF in the days leading up to the end of the financial year, but need to be proactive in recording dates of transfer.

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Residential Property, Retirement

DomaCom unveils equity release product for retirees

DomaCom has launched the first equity release product for retirees that is available to financial advisers without requiring a real estate or credit licence.

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