News

Franking credit policy had silver lining

July 11, 2019

A positive development for SMSFs did result from Labor’s proposed change to franking credit refunds raising questions around the need for investment diversification.

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Financial Planning, Investments

Strategy advice doesn’t need SOA but care required

July 11, 2019

Jason Spits

SMSF practitioners can give advice on an investment strategy without a statement of advice, but need to be aware they may be held liable for losses stemming from that advice.

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Investments, Platforms

Why managed account popularity is set to rise

July 11, 2019

Meaghan Victor

Industry research has shown the popularity and use of managed accounts is set to rise, but significant additional education about these offerings is still required.

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Retirement, Superannuation

Think tank sparks war of words on SG rise

July 10, 2019

Jason Spits

Superannuation industry groups have reacted strongly to independent modelling that claims an increase in the SG rate would hit wages and make no difference to retirement incomes.

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ASIC

Adviser handed decade-long prison term

July 10, 2019

Darin Tyson-Chan

A former Adelaide-based adviser has been sentenced to 10 years’ imprisonment having stolen nearly $5 million of his clients’ money.

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Superannuation

SG increase would benefit more than retirees

July 10, 2019

Tharshini Ashokan

A superannuation guarantee increase would be a good thing for Australia, but a new metric is needed to better measure the potential benefits.

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Retirement, Superannuation

Deeming rate gap eroding retiree capital

July 10, 2019

Darin Tyson-Chan

The erosion of pensioner capital can be a direct result of the difference between deeming rates and the official interest rate, but a solution to the problem is available.

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ETFs

BetaShares unveils government bond ETF

July 10, 2019

Jason Spits

BetaShares has expanded its fixed income ETF range with the release of a government bond fund.

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Retirement, Strategy

Trustee structure key in retirement income decision

July 9, 2019

Darin Tyson-Chan

Whether an SMSF has an individual trustee or a corporate trustee can dictate how benefits are paid out to its members in retirement.

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Documentation

Court confirms ‘self-evident’ trustee appointments

July 9, 2019

Jason Spits

A recent court case has highlighted the key role an SMSF deed plays when trustees are appointed to a fund, with one expert labelling the case confirmation of a self-evident process.

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