News

Royal commission should stick to bank scrutiny

March 27, 2018

I suppose I should be grateful. When the Turnbull government announced a royal commission into banks and financial services last year, it explicitly excluded SMSFs. It seemed our superannuation sector was out of the woods.

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Business News

AMP CEO to retire

March 26, 2018

Malavika Santhebennur

The AMP board has announced chief executive Craig Meller has confirmed his intention to retire around the end of 2018.

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Investments

Factor investing needs flexibility

March 26, 2018

Darin Tyson-Chan

To make the most of investing in factors such as high beta and low volatility, individuals should not limit themselves to just one element, a global fund manager has said.

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Business News

SuperConcepts acquires OneVue SMSF admin

March 26, 2018

Malavika Santhebennur

SuperConcepts has announced the acquisition of OneVue’s SMSF administration business.

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ATO

System integrity tempers technology use

March 26, 2018

Darin Tyson-Chan

The ATO has declared its adoption of technology to make tasks such as SMSF establishment more efficient will always be limited by the need to protect the integrity of the sector.

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Regulation

Meaning of reserves differs under law

A hand places the final jigsaw piece in the centre of a jigsaw.

March 26, 2018

Malavika Santhebennur

All reserves maintained in SMSFs for superannuation law purposes will be counted as reserves for tax law purposes, but not vice versa, according to DBA Lawyers.

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ETFs

APLs stifling ETF usage

March 22, 2018

Darin Tyson-Chan

The restrictive nature of dealer group approved product lists (APL) is the major reason more financial planners are not recommending the use of exchange-traded funds (ETF) for their clients, according to an industry forum.

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Investments

Is the barbell approach to asset allocation weakening SMSF portfolios?

March 22, 2018

Richard Murphy

Portfolio diversification is one of the key tenets that underpins modern portfolio theory (MPT).

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Auditing

ASIC disqualifies Victorian SMSF auditor

March 22, 2018

Malavika Santhebennur

The Australian Securities and Investments Commission (ASIC) has disqualified a Victorian auditor from being an approved SMSF auditor for breaching independence requirements.

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Practice Management

HR key for accountant advisory arms

March 22, 2018

Darin Tyson-Chan

Finding the right people is the critical element for accountants who want to build a successful financial planning arm within their existing practice, according to the head of a specialist business partnership group.

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