News

Business News

Monthly income LIT resonates with SMSFs

Metric Credit Partners (MCP) has experienced immense support from investors, including SMSFs, with its Master Income Trust initial public offering, which closed yesterday, raising more than $500 million.

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Strategy

TBC may lift partial pension commutation use

Partial pension commutations have the potential to become more common as part of a strategy to comply with the transfer balance cap (TBC), the director of an advisory firm has said.

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Business News

Number of SMSFs likely to close jumps

The number of trustees that are likely to leave their SMSF has doubled from last year, a recent industry report has found.

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Estate Planning

Small portion of SMSFs passing on wealth

Footwear of varying sizes in a row.

Only 7 per cent of SMSFs in or transitioning to retirement have specific inheritance plans, with the majority of trustees choosing to use their super to fund retirement spending, a new report from the SMSF Association and Accurium has revealed.

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Superannuation

Latest super laws welcomed by SMSFA

The SMSF Association has backed the comprehensive package of new superannuation legislation introduced to Parliament last week, affirming the measures will improve accountability and member retirement outcomes for all Australians.

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Business News

Critical court date set for DomaCom

The date for a Federal Court hearing to determine if the DomaCom fractional property offering represents one trust only has been set, with the matter to be decided on in late November.

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Retirement

SMSFs still on track to meet retirement goals

Athlete.

SMSFs in or transitioning to retirement remain appropriately positioned to reach their retirement goals, but more savings in super are required now due to a weaker investment outlook, a new report from the SMSF Association and Accurium has revealed.

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Business News

Cuffe nominated as non-exec director at Class

Class has announced Christopher Cuffe for election to its board as an independent non-executive director.

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Business News

ASIC gives DomaCom green light

Fractional property investment firm DomaCom is one step closer to delivering its senior equity release (SER) product after a decision by the Australian Securities and Investments Commission (ASIC) to approve conditional relief, which allows the product to be delivered to market.

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Investments

SMSFs must not forget about investments

Despite the noise across global economic markets, SMSFs should not forget to remain focused on their investments and investment strategies, particularly as the new superannuation changes have been receiving all the attention from advisers and trustees.

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