News

Business News, Financial Planning

PwC details CPA Advice assessment

The original reasoning for establishing CPA Australia Advice remains valid but there was insufficient demand from members to make it financial viable, according to further details outlined in PwC Strategy’s assessment.

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Financial Planning, Strategy, Superannuation

Deductible contributions top adviser query

During the June quarter, deductible personal super contributions have been the top query coming from financial advisers, following super reforms allowing more Australians to use this strategy and top up their retirement savings, according to BT Financial Advice’s (BTFA) technical team.

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Business News, Financial Planning

CPA Australia scraps advice business

CPA Australia announced last week it is exiting the business of CPA Australia Advice after a post implementation review by PwC Strategy found the business was no longer financially viable.

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Financial Planning

CPA Australia exits advice

CPA Australia has announced it is exiting the business of CPA Australia Advice after a post implementation review by PwC Strategy found the business was no longer financially viable.

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Compliance, Regulation, Superannuation

SuperStream announcement a mixed bag

A superannuation industry technical expert has described the federal government’s proposal to include SMSFs within the SuperStream rollover system as a positive development, but has identified some of the other elements included in the initiative as potentially being problematic.

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Accounting, Financial Planning, Investments

Family SMSF advice now an elite specialist field

Family SMSF structures, which can be bloodline, blended or multigenerational, have become an elite specialisation and require an additional level of understanding from advisers, according to a sector expert.

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Compliance, Superannuation

SMSF SuperStream draft laws get strong backing

The SMSF Association has welcomed the draft regulations that extend the use of SuperStream to rollovers to and from SMSFs.

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Commercial Property, Direct Property

SMSFs flock to commercial property

SMSF trustees are showing a growing interest in commercial property, with two key factors driving the latest attraction, a specialist commercial property lender has revealed.

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ASIC

ASIC bans SMSF adviser, suspends AFSL

The Australian Securities and Investments Commission (ASIC) has banned a Queensland SMSF financial adviser for four years and suspended his Australian financial services licence (AFSL) for failing to act in his clients’ best interests.

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Financial Planning, Investments, Strategy

Global funds added to platforms

Specialist global equities fund manager Cooper Investors has increased its access to the retail market following the addition of its two long-only global funds to two more platforms.

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