News

Regulation

Reversionary TRIS draft laws welcomed

Parliament House, Canberra.

The SMSF industry is pleased with Treasury’s proposal for reversionary transition-to-retirement income streams (TRIS) to always be allowed to automatically transfer to eligible dependants upon the death of the primary recipient.

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Business News

Jo Heighway departs Deloitte

Former Engage Super Audits chief executive and Deloitte SMSF audit partner Jo Heighway has departed Deloitte after almost three years at the big four accountancy firm.

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Business News

BGL adds resource hub to software

SMSF software provider BGL Corporate Solutions has announced the launch of its Client Resource Marketplace in Simple Fund 360 and CAS 360.

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Business News

Heffron appoints data specialist

Heffron SMSF Solutions has appointed Jodi Stapleton to the newly created executive role of head of data and process to lead the development and delivery of the firm’s overall data strategy.

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Superannuation

Super access for crime victims worthwhile

A proposal considered in a Treasury consultation paper to allow victims of violent crime access to the super of perpetrators, in limited circumstances, had the potential to be strongly positive, according to IOOF.

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Superannuation

Women trail in seeking super advice

Only 11.3 per cent of females purchase their superannuation through a professional adviser, which is a concern given women’s significantly lower super balances, according to new research.

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Superannuation

Grattan has fatalistic view of women’s super

The Association of Superannuation Funds of Australia (ASFA) has called out the latest paper from the Grattan Institute as “replete with Victorian-era proposals to fix the gender gap in Australian retirement incomes”.

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Documentation

SuperMate adds intelligent document facility

Abstract binary code graphic.

SuperConcepts has released an industry first with an intelligent document management system (DMS), based on machine-learning algorithms, within its leading SMSF accounting platform, SuperMate.

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Business News

Administrators could charge for TBAR

Plastic pink pigs in a glass jar.

SMSFs have been told to monitor whether the cost of administration is raised due to events-based reporting, though this is expected to be limited to those administrators that are not fully automated, a technical expert has said.

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Business News

AMP SMSF arm delivers revenue growth

AMP’s financial advice and SMSF arms have delivered on projected revenue growth even as its wealth management division took a hit due to MySuper.

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