The listed investment companies (LIC) sector reached a total market capitalisation of $28.8 billion as at 30 April 2016, according to the latest review from Zenith Investment Partners. The research house’s “2016 Listed Investment Company Sector Review” revealed this was a slight increase from $27.8 billion the previous year, capping two years of very strong […]

The fixed nature of the government’s proposed $1.6 million transfer balance cap has come under fire for overlooking the significant repercussions it will have if major market fluctuations occur, including another global financial crisis (GFC)-like event.

Independent online platform ESIC Hub will begin to provide SMSFs with investment access to the new asset class of early-stage innovation companies (ESIC), which will also provide trustees with significant tax benefits.

A leading specialist law firm has recommended all SMSFs consider putting an enduring power of attorney (EPOA) in place as a solution to mental incapacity and repatriation.

Knowing which assets to leave or switch back to the accumulation side of an SMSF is crucial for the optimal tax effectiveness of the fund in light of the proposed $1.6 million transfer cap, an SMSF expert has said. “If you’re going to have to roll back assets at some point in time between now […]

The Australian Securities and Investments Commission (ASIC) has reminded the industry of its surveillance activities for SMSFs, including monitoring newly licensed accountants, shadow shopping and financial advice in larger institutions.

The federal opposition has promised to address the retrospective nature of the proposed changes to the superannuation system contained in the 2016 budget. Speaking at the Financial Services Council Leaders Summit 2016 in Melbourne, Labor treasury spokesman Chris Bowen said: “We remain and will remain deeply concerned and opposed to aspects of retrospectivity, as do […]