News

Business News

Class posts 19 per cent half-year profit

Administration software provider Class today reported a net profit after tax of $4.29 million for the half-year ended 31 December 2017, up 19 per cent on the prior corresponding period.

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Cryptocurrency

Bitcoin exchange actively targeting SMSFs

Bitcoin symbol.

Digital currency exchange Independent Reserve is increasing its activities in the SMSF market this year after experiencing overwhelming demand from trustees looking to add digital currency assets to their portfolios.

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Regulation

CGT relief narrow, complex

The capital gains tax (CGT) relief provisions in the superannuation reforms are unnecessarily complex and should have applied to all pension funds, according to an SMSF administrator.

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Business News

Lime Actuarial links with Simple Fund 360

BGL and Lime Actuarial have partnered to enable SMSF administrators and accountants to use BGL Simple Fund 360 to access actuarial certificates.

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Business News

Industry veteran returns to SMSF space

SMSF veteran David Busoli has re-entered the self-managed space after acquiring boutique SMSF administrator SMSF Alliance to provide strategic administration.

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ATO

ATO to release further guidance on several issues

The ATO has announced it will be providing guidance for SMSFs in relation to the use of reserves and the practical implementation of the downsizer and First Home Super Saver Scheme initiatives introduced as part of last year’s federal budget.

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Business News

No adverse impact from royal commission

Water drop.

The royal commission into the banking sector should have minimal influence on the overall Australian equities market during 2018, according to Nikko Asset Management.

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Retirement

Only one-quarter comfortable about retirement

Just one in four Australians believe they will be able to live comfortably in retirement despite more people feeling better prepared for retirement, according to Investment Trends.

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Superannuation

ASFA calls for end to super, pension tinkering

New data from the Association of Superannuation Funds of Australia (ASFA) has shown reforms to super and the retirement savings system are working, but need to be bedded down, while stability still needs to be achieved in order to sustain confidence.

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Business News

Robo-adviser joins forces with Heffron, Class

Robo-advice provider Six Park has announced two new strategic partnerships with Heffron and Class as part of its wider plans for 2018.

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