News

ETFs, Investments

Global X unveils gold bullion ETF

Global X Gold Bullion ETF Global X Gold ETF

Global X has broadened its ETF offering by introducing a second fund focused on physical gold, featuring the market’s lowest management fee.

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LRBA, Property, Trusts

LRBA bare trust transfer needless

Bare trust LRBA SMSF Property

Properties acquired using an LRBA need not automatically be transferred from a bare trust into an SMSF once the loan has been paid back.

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Administration, ATO, Compliance, Contributions

Contribution return window narrow for over 75s

ATO Contribution SIS Act SMSF

SMSFs receiving contributions from members aged over 75 will likely have to return them and should be aware the timeframes within which to act are very limited.

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Death benefits, Estate Planning

BDBNs can mitigate partiality risk

Conflict of interest Will Estate BDBN Death benefits

Trustees have two options to minimise the risk of legal challenges regarding conflicts of interest while managing an estate and determining the distribution of death benefits to beneficiaries.

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Business News, Superannuation

Islamic fund relaunches with new name

Crescent Wealth Super Fund Salaam Super Talal Yassine Equity Trustees Russell Investments Master Trust

The Crescent Wealth Super Fund will change its name from the middle of the year, with plans to add SMSF lending to its suite of offerings.

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Auditing, Compliance, Investments

Don’t judge investment strategy

Investment strategy Auditors Judgement

An SMSF auditor’s role is to observe the compliance characteristics of an investment strategy and not assess its appropriateness for the fund members.

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Administration, Compliance, Pensions

Beware excess TBC tax trap

Transfer balance cap Excess transfer balance cap Notional earnings Retirement phase Commutation Pension

Exceeding the personal transfer balance cap will raise an additional tax liability for trustees when they intend to take a pension income stream.

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Investments, Retirement

Inflation eating into retirement earnings

Retirement Inflation market-linked income guaranteed income Challenger Aaron Minney

Inflation has exposed the dangers of relying on market-linked income for retirement purposes, with retirees and advisers urged to consider the use of guaranteed income streams.

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Compliance, Education, financial advice

Adviser exam pass rate improves

ASIC Financial adviser exam

There has been a slight improvement in the number of candidates passing the most recent financial adviser exam overseen by ASIC.

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ETFs, Investments

JP Morgan unveils global equity ETF

JP Morgan ETF Global equity JPMorgan Global Select Equity Active ETF

JP Morgan has introduced a global equity ETF onto the ASX, providing investors with liquid access to one of its most popular investment products.

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