News

Superannuation

Return to straightforward super: tax body

The Tax Institute has said it is fundamental to get back to a simpler superannuation system and try to avoid any further tinkering to the system in the short to medium term.

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Regulation

Labor policy backflip creates complexity

Someone looks through a magnifying glass at a document.

The Labor Party’s policy shift to exempt people receiving the age pension from its changes to refundable franking credits will create a two-tiered treatment of SMSF members who access the pension in retirement.

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Superannuation

Royal commission should stick to bank scrutiny

I suppose I should be grateful. When the Turnbull government announced a royal commission into banks and financial services last year, it explicitly excluded SMSFs. It seemed our superannuation sector was out of the woods.

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Business News

AMP CEO to retire

The AMP board has announced chief executive Craig Meller has confirmed his intention to retire around the end of 2018.

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Investments

Factor investing needs flexibility

To make the most of investing in factors such as high beta and low volatility, individuals should not limit themselves to just one element, a global fund manager has said.

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Business News

SuperConcepts acquires OneVue SMSF admin

SuperConcepts has announced the acquisition of OneVue’s SMSF administration business.

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ATO

System integrity tempers technology use

The ATO has declared its adoption of technology to make tasks such as SMSF establishment more efficient will always be limited by the need to protect the integrity of the sector.

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Regulation

Meaning of reserves differs under law

A hand places the final jigsaw piece in the centre of a jigsaw.

All reserves maintained in SMSFs for superannuation law purposes will be counted as reserves for tax law purposes, but not vice versa, according to DBA Lawyers.

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ETFs

APLs stifling ETF usage

The restrictive nature of dealer group approved product lists (APL) is the major reason more financial planners are not recommending the use of exchange-traded funds (ETF) for their clients, according to an industry forum.

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Investments

Is the barbell approach to asset allocation weakening SMSF portfolios?

Portfolio diversification is one of the key tenets that underpins modern portfolio theory (MPT).

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