News

FPA urges change of name for ‘general advice’

April 4, 2019

The FPA has called on the government to clearly define financial advice after a recent ASIC report revealed confusion around the types of advice on offer in the market.

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Investments, Platforms

ASIC acts on AMPFP over managed account services

April 4, 2019

Jason Spits

Shifts in the provision of managed accounts has resulted in additional licence conditions being imposed on AMP Financial Planning.

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Investments, Pensions, Tax

ALP franking credit policy doesn’t abandon self-funded retirees

April 3, 2019

Jason Spits

The opposition’s treasury spokesman has described Labor’s plan to scrap franking credit refunds for certain individuals as closing a loophole instead of withdrawing support for self-funded retirees.

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Regulation, Superannuation

Six-member SMSF legislation dropped

April 3, 2019

Darin Tyson-Chan

The government has withdrawn the legislation enabling SMSFs to service a maximum of six members.

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Strategy, Superannuation

Contribution measures get mixed reaction

April 3, 2019

Darin Tyson-Chan

The federal government’s decision to scrap the work test and enable the non-concessional contributions rule for people aged 65 and 66 has been met with a mixed reaction.

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Pensions, Superannuation

SMSF Association welcomes budget inclusions

April 3, 2019

Hrishikesh Joshi

The budget items changing how exempt current pension income can be calculated and the easing of the work test requirement have been applauded by the SMSF Association.

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Pensions, Superannuation

Changes made to ECPI calculation rules

April 2, 2019

Jason Spits & Darin Tyson-Chan

The methodology for calculating ECPI has been changed, allowing trustees in accumulation and retirement phases in one financial year to choose their preferred method of calculation.

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Superannuation