News

ETFs, Investments

Betashares debuts bank bond ETF

BSUB Bonds Banks ETF Betashares

Betashares has unveiled Australia’s first pure-play tier 2 bank credit exchanged traded fund offering access to bonds issued by large Australian banks.

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Administration, Contributions, SMSF

Last day of June 2024 significant

superannuation Contributions 30 June minimum pension payment timing rules

Trustees and advisers need to consider the implications of having 30 June 2024 fall on a Sunday with regard to contributions and pension obligations.

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Insurance, SMSF

Insurance cover details skewed

Life insurance SMSF Investment strategy Insignia Financial The Auditors Institute

Levels of insurance cover for SMSF members are likely being clouded by the ageing demographic of members and the use of policies held outside the fund.

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Administration, Estate Planning, SMSF

Caution needed with multi-purpose deeds

SMSF Will BDBN binding death benefit nomination Deed DBA Lawyers SMSF

SMSF practitioners should carefully examine deeds that are designed with multiple features as these could potentially complicate estate planning matters for a fund.

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financial advice

Experience drain not biggest advice issue

industry experience financial advisers FAAA Financial Advice Association Australia

The reduction in the number of financial advisers with significant industry experience is not the most worrying trend affecting the sector.

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Legislation, SMSF, SMSFA, Tax

Div 296 will hit more than 3500 farms

Division 296 tax Farms SMSF Primary production land Indexation

The SMSF Association has presented data to a Senate committee suggesting over 3500 farms will be impacted when the $3 million soft cap is introduced.

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Insurance, SMSF, Superannuation

Avoid insurance held by another fund

SMSF Superannuation Life insurance ownership Insignia Financial Jon de Fries

SMSFs should not purchase life insurance cover held within another super fund as this type of financial protection is not legally available to them.

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Education, SMSF

New education facility from Hub24

SMSF Academy SMSF Hub24 Striver

A new education facility aimed at helping practitioners provide specialised SMSF advice for clients has been released by Hub 24.

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financial advice, Technology

FSC forms digital advice group

Financial Services Council Digital Advice Expert Group

The Financial Services Council has formed a new membership group to help promote the use of digital advice and form policies that support the reform of the sector.

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Insurance, Regulation, SMSF

Insurance consideration ineffective

Life insurance SMSF Liability Investment strategy

The number of SMSFs holding life insurance appears to not have increased significantly since the introduction of a requirement to consider these policies as part of a fund’s investment strategy.

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