SMSF returns unaffected by Dixon Advisory administration
E&P Financial Group has confirmed that the accounting of returns for self-managed super funds (SMSFs) will be unaffected by the voluntary administration of Dixon Advisory.
There had previously been questions as to what would happen to trustees who were relying on Dixon to complete their tax returns by the 2022 deadline and whether they would need to seek a new provider.
However, the firm has confirmed that any accounting work was carried out by E&P SMSF Services Pty Ltd, not by Dixon Advisory.
While Dixon Advisory did have an SMSF service, any accounting services were provided by E&P.
It also confirmed no client assets were at risk.
Recommended for you
Treasurer Jim Chalmers has handed down his third budget, outlining the government’s macroeconomic forecasts and changes to superannuation.
Online investment adviser and fund manager Stockspot has introduced Stockspot Super, Australia’s first 'ETF only' superannuation product. superannuation product.
ASIC has called on superannuation funds to improve their oversight of advice fee deductions following an investigation of 10 trustees that found $990 million was charged in one year.
With just 30 per cent of Australians knowing their superannuation balance to the nearest $1,000, Findex has emphasised the role of financial advice in addressing the critical super knowledge gap.