News

Investments

Digital platform onboards SMSFs

Spitfire has integrated SMSF clients onto its digital platform with strategic partnerships also underway as advisers look for next generation solutions that offer global markets and bespoke managed accounts.

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Investments, Portfolio Construction

A straw house or brick house?

Australia’s home bias towards local shares is well documented. In fact, the “ASX 2017 Investor Study” shows 75 per cent of Australia’s share owners hold only domestic shares, compared to 11 percent who hold only international shares.

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Investments

Next TraCR series tackles SMSF diversification

Stock exchange Chi-X Australia and Deutsche Bank have launched the next series of transferable custody receipts, or TraCRs, to access United States equities in a bid to ease the process of investing internationally for SMSFs.

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Insurance, Regulation

Life insurance issue possibly overlooked

The potential tax treatment of death benefits rolled over on or after 1 July 2017 where the rollover amount includes life insurance proceeds continues to be a sleeper issue, a technical expert has warned.

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Compliance

BDBN formalities best kept simple

An SMSF lawyer has suggested it is best practice to keep any rules governing the validity of binding death benefit nominations (BDBN) in a fund’s trust deed as simple as possible to avoid potential court challenges from aggrieved beneficiaries.

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ETFs, Infrastructure, Investments

Global infrastructure, small-cap ETFs unveiled

Two new exchange-traded funds (ETF) offering exposure to global listed infrastructure and international small companies will commence trading on the Australian Securities Exchange (ASX) in the coming weeks, providing investors with access to greater diversification.

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Retirement, Superannuation

Gen Z most likely to seek retirement advice

Members of generation Z are most likely to ask friends and family for retirement advice, while baby boomers are most likely to be asked for advice, according to Roy Morgan.

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Financial Planning, HNWI

HNWIs to spur advice, structuring opportunities

The rapid growth in the number of high net worth individuals (HNWI) in Australia will open up more prospects for advice and wealth structuring within the segment.

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Documentation, Regulation

Super changes must spark trust deed review

Changes to super laws that resulted from the 2016 super reforms should be a trigger for SMSF trustees and their advisers to review the SMSF trust deed, according to a technical manager.

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mFund

SMSF advisers bulk of mFund users

Financial advisers who predominantly service SMSF trustees make up around three-quarters of those who use the Australian Securities Exchange (ASX) mFund Settlement Service.

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