News

Retirement, Superannuation

Renting retirees need extra $500k in super

Retirees who do not own a home may need to find an additional $500,000 in their super to fund their rent, raising questions over advice given to them about super, according to new research.

read more
ASIC, Financial Planning

Commonwealth FP given further improvements

The initial findings of a report into the fee-for-no-service conduct of Commonwealth Bank of Australia’s advice arm, Commonwealth Financial Planning, has been released, alongside additional recommendations.

read more
ATO, Compliance, Regulation

SMSFs falling over on basic TBAR errors: ATO

The ATO has received transfer balance account reports (TBAR) from 135,000 SMSFs thus far, but trustees are being caught out by basic errors in the information they are supplying.

read more
Investments

Digital platform onboards SMSFs

Spitfire has integrated SMSF clients onto its digital platform with strategic partnerships also underway as advisers look for next generation solutions that offer global markets and bespoke managed accounts.

read more
Investments, Portfolio Construction

A straw house or brick house?

Australia’s home bias towards local shares is well documented. In fact, the “ASX 2017 Investor Study” shows 75 per cent of Australia’s share owners hold only domestic shares, compared to 11 percent who hold only international shares.

read more
Investments

Next TraCR series tackles SMSF diversification

Stock exchange Chi-X Australia and Deutsche Bank have launched the next series of transferable custody receipts, or TraCRs, to access United States equities in a bid to ease the process of investing internationally for SMSFs.

read more
Insurance, Regulation

Life insurance issue possibly overlooked

The potential tax treatment of death benefits rolled over on or after 1 July 2017 where the rollover amount includes life insurance proceeds continues to be a sleeper issue, a technical expert has warned.

read more
Compliance

BDBN formalities best kept simple

An SMSF lawyer has suggested it is best practice to keep any rules governing the validity of binding death benefit nominations (BDBN) in a fund’s trust deed as simple as possible to avoid potential court challenges from aggrieved beneficiaries.

read more
ETFs, Infrastructure, Investments

Global infrastructure, small-cap ETFs unveiled

Two new exchange-traded funds (ETF) offering exposure to global listed infrastructure and international small companies will commence trading on the Australian Securities Exchange (ASX) in the coming weeks, providing investors with access to greater diversification.

read more
Retirement, Superannuation

Gen Z most likely to seek retirement advice

Members of generation Z are most likely to ask friends and family for retirement advice, while baby boomers are most likely to be asked for advice, according to Roy Morgan.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.