News

Compliance, Regulation

SMSF specialist tips rise in fund establishments

limited recourse borrowing arrangements; LRBA; Grant Abbott

A rise in the number of SMSFs established and an increase in sector litigation are two outcomes a strategy expert has predicted for 2019. I Love SMSF founder Grant Abbott has forecast a rise in SMSF establishments on the back of a dip in market performance and the associated reduction in returns generated by industry […]

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Education

FASEA releases finalised education pathways for advisers

The Financial Adviser Standards and Ethics Authority (FASEA) has released its final education pathways policy, confirming some advisers will only have to complete one unit to comply with the new education standards. FASEA initially released a draft of its FPS001 Education Pathways Policy in mid-November last year, seeking consultation from the advice sector until mid-December, […]

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ETFs

Asset prices dampen ETF growth

The exchange-traded fund (ETF) industry experienced muted growth in 2018, with the level of funds under management (FUM) below BetaShares’ forecast for the year due to declines in asset prices. The “BetaShares Australian ETF Review – End of Year Review 2018” said the Australian ETF industry grew by 13 per cent in 2018, ending the […]

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Platforms

Hub24 posts record quarterly inflows

Hub24 has recorded its largest single quarter of net inflows, totalling $1.48 billion, driven in part by the transition of a large managed discretionary account (MDA) to the platform. Net inflows to the end of the December quarter increased by 167.4 per cent compared to the prior corresponding quarter, rising from $554 million to $1.48 […]

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Commercial Property

Commercial property may trump equities in 2019

On 29 August 2018, the ASX 200 peaked for the year at 6352. On 31 December, it closed at 5646 for a loss of 11.1 per cent – a curt reminder of equity market volatility. But if you thought 2018 was a bumpy ride for equities, the portents for this year are far from promising. […]

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Investments, Regulation, Superannuation

Revised PC SMSF threshold remains misleading

The SMSF industry has welcomed the Productivity Commission’s revised minimum viability threshold for SMSFs to $500,000, but one firm has warned it is still misleadingly high as a cost-effective measurement.

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Investments, Regulation

PC backs away from minimum balance position

The Productivity Commission has backed away from recommending a $1 million minimum member balance for SMSFs, but has recommended greater training for financial advisers and more disclosure around the creation of funds.

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Regulation, Retirement, Superannuation

Petition launched to fight franking credit changes

An online action group has joined the push against plans by the federal opposition to remove refundable dividend imputation credits for self-funded retirees, claiming the proposed move punishes people who have heeded calls to save for their own retirement.

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Financial Planning

Family and friends remain trusted advisers

Around 6 million domestic consumers seek advice about money and investments from family and friends rather than professional financial planners, while 3.5 million Australians are asked for financial advice, according to Roy Morgan.

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Accounting, Education, Financial Planning

FASEA confirms relevant degree standards

The Financial Adviser Standards and Ethics Authority (FASEA) has registered the legislative instrument for relevant provider degrees, qualifications and courses.

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