News

Documentation

Platforms present CGT relief issues

A technical expert has identified a possible problem with the information kept and made available to SMSFs by platform and wrap providers regarding the data needed if a particular fund has opted to take advantage of the capital gains tax (CGT) provisions contained in the super reforms.

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Business News

Lonsdale unveils new managed account offering

IOOF-owned Lonsdale Financial Group today launched its Managed Portfolio Service (MPS) to its network of 250 advisers via the Asset Administrator platform, IOOF’s exclusive version of BT Panorama.

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Superannuation

SMSF cash holdings flow into equities

Flock of birds migrating north.

Cash balances decreased significantly during the last quarter of 2017 as trustees invested their cash holdings in the Australian and international equities sectors, the latest SuperConcepts report has found.

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Regulation

ASIC seeking liquidator for property scheme

The Australian Securities and Investments Commission (ASIC) has applied to the Federal Court for the appointment of a liquidator to a Perth-based SMSF property scheme business.

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Business News

Hub24 records strong profit growth

Investment platform provider Hub24 has reported healthy profit growth for the first half of the 2018 financial year, with funds under administration (FUA) increasing by 66 per cent compared to the previous corresponding period.

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Insurance

Confusion lingers over post-death insurance

Peter Hogan

There is a lack of clarity around the post-death receipt of insurance and questions remain over which member accounts it can be credited to, according to the SMSF Association.

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Investments

Fundamentals key to related-party investments

SMSF advisers must follow and understand 11 fundamental rules when dealing with related-party-type investments in order to efficiently assess and rectify transactions, an SMSF technical expert has said.

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Superannuation

Health services next step for super

Consideration should be given as to whether superannuation funds can provide their members who are in retirement with health services, an industry panel has suggested.

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Compliance

Registered tax adviser numbers bounce back

The Tax Practitioners Board (TPB) has revealed the total number of registered tax financial advisers stands at around 19,000 following the 31 January renewal deadline.

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Investments

No need for investor panic over equities

The recent stock market rout has SMSF investors wondering what the turbulence means for them. But investors should not panic – 2018 still has the potential to be a positive year for stocks globally after the dust settles.

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