News

Retirement

Start retirement planning as early as possible

The new superannuation rules have given greater impetus to have a retirement plan in place much sooner than previously suggested, a specialist SMSF adviser has warned.

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Accounting

Robo-advice service targeting accountants

Digital investment advice provider and fund management firm Stockspot has launched a specific service aimed at helping accountants meet the financial advice needs of their clients without having to become licensed.

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ATO

Professionals combine efforts for CGT

The complexities of identifying and applying capital gains tax (CGT) relief for SMSFs has resulted in professionals working together to ensure their clients did not miss out on the one-off tax concession, according to BT Advice Technical.

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ATO

Future tax changes to impact pension rollback

Many SMSF advisers are grappling with which of their clients’ pension accounts to roll back, yet any further taxation changes made by the government will have a significant impact on the final decision, an industry SMSF lawyer has warned.

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Regulation

Face of SMSF advice uncertain

The types of practitioners who will provide particular aspects of SMSF advice remains a little unclear due to the variety of licensing requirements currently applying to professionals operating in the sector, the head of an industry body has said.

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Estate Planning

Estate planning implications of TBC need attention

A specialist superannuation law firm has suggested SMSF advisers and their clients need to examine estate planning strategies in light of the transfer balance cap to be implemented on 1 July.

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Business News

SMSF Association welcomes FASEA appointment

The SMSF Association has endorsed the government’s appointment of Catherine Walter as chair of the newly created Financial Adviser Standards and Ethics Committee (FASEA).

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Accounting

White label SOA service gains traction

AccountantsIQ has reported strong interest from licensed accountants turning to its white label statement of advice (SOA) solution, in a quest to deliver quality advice quickly and efficiently ahead of the new superannuation changes commencing on 1 July.

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LICs

Ethical LIC IPO exceeds $38.5 million

The initial public offering (IPO) for ethically screened listed investment company (LIC), the Morphic Ethical Equities Fund, has exceeded its minimum target of $38.5 million, with just over a week of the offer period still to go.

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Superannuation

SMSF Association worried about LRBA changes

The SMSF Association has voiced its concern over the federal government’s declared intention to capture the use of limited recourse borrowing arrangements (LRBA) within the total superannuation balance and transfer balance caps.

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