News

Superannuation

SMSFs would have advantage under ‘open super’

SMSFs stand to benefit from the open banking regime’s likely evolution into open super as the sector’s current systems and ongoing integrations for member data are already at a good level.

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Accounting, Administration

ECPI method switching can be avoided

Financial advisers can help their clients avoid having their SMSF switch between the segregated and unsegregated methods for exempt current pension income (ECPI) calculation purposes at different periods throughout a given financial year by maintaining a small asset balance of the fund in accumulation phase, a technical expert has said.

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Investments

Absolute return under-represented in SMSFs

Absolute return-style investing accounts for only $40 billion of the almost $700 billion sitting in SMSFs, which can be attributed to the large minimum investment size prerequisite, according to Arco Investment Management.

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Financial Planning

Adviser Ratings unveils new rating system

Adviser Ratings has proposed a new rating system for its network of 1800 financial advice licensees following consultation with government, regulators and industry.

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Business News

SuperConcepts hunts for new CTO

SuperConcepts is in the process of finding a replacement for its chief technology officer, Kurt Groeneveld, who will depart the SMSF administrator at the end of the year.

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Education, Regulation

SMSF Association against code of ethics ambiguity

The SMSF Association has used its Financial Adviser Standards and Ethics Authority (FASEA) code of ethics submission to call for less subjectivity and greater clarity to allow a more practical implementation of the required standards.

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Education, Financial Planning, Regulation

FASEA slammed for draft guidance error

An SMSF specialist adviser has hit out at the Financial Adviser Standards and Ethics Authority (FASEA) for publishing erroneous requirements for financial advisers with foreign qualifications without conducting adequate research.

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Education, Financial Planning

SMSF fundamentals crucial for advisers

SMSF advisers need to ensure they are across the evolving fundamentals of SMSFs, from setting up a fund to alternative investment strategies, a technical expert has warned.

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Investments, Regulation

DomaCom unaffected by MIT law revision

Draft legislation from the federal government addressing the tax leakage of foreign investment into residential and rural property will not affect the operations of fractional property investment firm DomaCom.

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Investments, LICs

PM Capital unveils LIC security with a difference

Investment manager PM Capital has launched a listed investment company (LIC) security offering access to global equities while including a unique feature allowing investors the ability to redeem their allocations at the value of the vehicle’s net tangible assets (NTA).

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