News

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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Business News

SuperConcepts appoints new CTO

SuperConcepts today announced Brad Ackermann will replace its outgoing chief technology officer (CTO) and originator of SuperMate, Kurt Groeneveld.

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ATO, Strategy

Pre-July 2017 reserves on ATO radar

The ATO is keeping a watchful eye on SMSFs that created reserves just prior to July 2017 in the lead-up to the implementation of the 2016 super reforms, a lawyer has warned.

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Investments, Retirement

Fee impact too significant to ignore

Australia’s investment industry needs to improve its fee transparency as excessive fees, hidden fees and accumulated costs are severely eroding investors’ savings, a digital wealth provider has warned.

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Administration, Compliance

ECPI compliance risk reduced on SMSF software

The latest feature added to SuperMate will allow actuarial certificates to be validated automatically when SMSFs claim exempt current pension income (ECPI), reducing time, costs and exposure to compliance risks.

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ETFs, LICs

ETF industry beats LIC market

The Australian exchange-traded fund (ETF) industry surpassed the value of the listed investment company (LIC) market by around $60 million in September, according to BetaShares.

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ATO, Regulation, Strategy

Court case may spark in-house asset scrutiny

The ATO may become more mindful of SMSFs that lease residential property assets to related entities using smaller trust structures to circumvent in-house asset rules in light of the Aussiegolfa decision, an SMSF expert warned.

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