News

Infrastructure, Investments

Pinnacle, BNY Mellon unveil infrastructure fund

BNY Mellon Investment Management is partnering with Pinnacle Investment Management to launch a global infrastructure yield fund that targets retail investors, including SMSFs, and financial advisers.

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Insurance

BT unveils SMSF level premium policy

BT Financial Group (BTFG) has launched a level premium policy replacement process for BT Protection Plans that will allow clients moving their cover from a super fund on a platform, such as BT Panorama, to an SMSF to retain their original entry-age premium rates under the new replacement policy.

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Cryptocurrency, Investments

Cryptocurrency becoming a mainstream asset class

Cryptocurrencies such as bitcoin are becoming viable alternatives to traditional fiat currencies and are gaining traction within investor portfolios globally. Today, cryptocurrencies are increasingly being viewed as not only a medium of exchange, but also a store of value among other things.

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Auditing, Regulation

Risks won’t vanish without auditor oversight

Using appropriate eligibility criteria to determine whether an SMSF qualifies to be audited every three years rather than annually will not mitigate the risks associated with the federal government’s proposal to relax the frequency of sector audits, according to an industry body.

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Administration

Acquisitions boost SuperConcepts fund numbers

SuperConcepts has added 7520 funds during the first half of 2018, which the SMSF administrator attributed to the acquisition of the More Superannuation and SMSF Managers SMSF businesses, along with organic growth.

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Compliance, Regulation, Superannuation

No issue in NALI measure becoming law

The federal government’s non-arm’s-length income (NALI) measure under its Superannuation Taxation Integrity Measures is reasonably non-controversial from a legislative perspective and will become law, according to an SMSF expert.

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Investments

Investing fundamentals vital for P2P

Investors must have a greater focus on investment fundamentals when it comes to peer-to-peer (P2P) investing, now the recent hype over the sector has settled down, an industry executive has said.

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Investments, Strategy

The risk of buying just one tech stock

The problem with growth stocks is they’re only good if they keep on growing. When they stop growing, they turn into risky investments. Just ask investors in one of the best growth stocks of all time: Facebook.

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ATO, Retirement, Superannuation

ATO rectifies market-linked pension anomaly

The ATO has announced a common-sense solution to the unintended consequences of its treatment of situations where a market-linked pension has been commuted and subsequently restarted in relation to an individual’s transfer balance cap.

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Education, Regulation

Advisers monitoring peers akin to whistleblowing

The Financial Adviser Standards and Ethics Authority’s (FASEA) proposal in its code of ethics for advisers to proactively hold each other to account is akin to whistleblowing, according to wealthdigital.

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