News

SMSF Association against code of ethics ambiguity

July 30, 2018

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.

FASEA slammed for draft guidance error

July 30, 2018

Malavika Santhebennur

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

July 30, 2018

Krystine Lumanta

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

July 30, 2018

Krystine Lumanta

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

July 30, 2018

Darin Tyson-Chan

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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Education, Financial Planning

FASEA amends foreign qualification measure

July 30, 2018

Malavika Santhebennur

The Financial Adviser Standards and Ethics Authority (FASEA) has said it will modify an error it made in its draft guidance on education pathways for new and existing financial advisers with foreign qualifications.

FASEA issues correction on foreign qualifications

July 30, 2018

Malavika Santhebennur

The Financial Adviser Standards and Ethics Authority (FASEA) has issued a clarification today about an error it made in its draft guidance on education pathways for new and existing financial advisers with foreign qualifications.

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Compliance, Regulation

Royal commission draws line in the sand

July 26, 2018

Krystine Lumanta

Minister for Revenue and Financial Services Kelly O’Dwyer has implored the financial services industry to use the royal commission as the point at which it moves to regain the trust of consumers.

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ATO, Retirement, Superannuation

Timing of pension payments has ECPI implications

July 26, 2018

Darin Tyson-Chan

Advisers and their clients should be aware that the timing of pensions payments made throughout the year can have an effect on the level of exempt current pension income (ECPI) an SMSF can claim in a particular year, a superannuation technical expert has said.

US inflation hike to impact on SMSF portfolios

July 26, 2018

Malavika Santhebennur

Increased threats of inflation in the United States will impact equity and bond markets, and poses challenges for the outlook for both equity and bond beta, according to a fund manager.

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