News

Business News, Financial Planning

Morrows merger to boost SMSF clients

Financial services firm Morrows has announced a strategic merger with MSI Ragg Weir, an accounting, wealth management, auditing and superannuation firm in Melbourne, to create a mid-tier firm, effective today.

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Retirement, Superannuation

Retirement alliance unveils website

The Alliance for a Fairer Retirement System, comprised of several industry associations, has launched a website to cater to the growing demand from organisations and individuals seeking support, information and research on the impact of scrapping excess imputation credit refunds.

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Superannuation

Introducing the new online selfmanagedsuper

Selfmanagedsuper would like to welcome you to its new-look newsletter for practitioners servicing the SMSF space.

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Regulation

ASIC report reveals holes in SMSF advice

The majority of financial advice on setting up an SMSF does not comply with relevant laws, indicating a need for significant improvement in SMSF advice, according to the corporate regulator.

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ATO

APV reporting vital part of TBAR: ATO

The tax office has underlined circumstances where it may be in SMSF members’ best interests to report their accumulation-phase value (APV) as part of their transfer balance account report (TBAR). In a recent podcast moderated by SMSF Association chief executive John Maroney, ATO deputy commissioner James O’Halloran said SMSFs can report their APVs on the […]

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Retirement

Super set to play bigger retirement role

Statistical evidence shows superannuation is likely to play a more significant role than it currently does in the retirement income space for Australians, a senior financial services executive has said.

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Accounting

Yield-only fixation brings unnecessary risks

SMSF trustees must not simply chase yield as they may be subjecting their portfolios to unnecessary risks, according to AMP Capital.

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Regulation

ASIC funding legislation passed

The bill containing the measure that supports the fees-for-service industry funding for the Australian Securities and Investments Commission (ASIC) passed through Parliament today.

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Investments

Super rules not cause of LRBA slowdown

A recent SMSF industry survey has revealed 41.8 per cent of all direct property holders had a gearing arrangement in place in the March quarter, slightly up from 40.78 per cent in the previous quarter, however, the super reforms are not to blame for the slowdown in growth.

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Regulation

SMSFs retirement income leaders

The SMSF sector is leading the way with regard to retirement income solutions due to the large number of its members being in retirement or pre-retirement, a senior funds management executive has said.

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