SMSF

Financial planning

Count class action dismissed in Federal Court

A subsidiary of Australia’s second-largest advice licensee Count has successfully defended a class action in Federal Court regarding a self-managed superannuation fund....

Financial planning

Cost and expertise concerns deterring SMSF trustees from advice

Investment Trends has found there is a “significant advice gap” in the number of self-managed superannuation funds using a financial adviser, with trustees citing concern...

Financial planning

Settlement reached in Caddick auditor class action

A group of 31 victims of Melissa Caddick have agreed to an in-principle settlement with the auditors engaged to conduct annual audits of their SMSFs....

Financial planning

‘Worst of the worst’: SMSF misconduct concerns weigh on advisers

Inappropriate advice relating to SMSFs has been identified as a pain point for the advice industry, with professionals claiming these vehicles can draw out “the worst of ...

Financial planning

Centrepoint Alliance enters partnership with SuperConcepts

Advice licensee Centrepoint Alliance has announced a service partnership with self-managed superannuation fund solution provider SuperConcepts....

Financial planning

ASIC taking ‘significant action’ against super switching promotions

ASIC commissioner Alan Kirkland has described the problem of telemarketers encouraging people to switch their super as “the worst behaviour”, and one where the regulator ...

Superannuation

Former director imprisoned for dishonest conduct

ASIC has sentenced former director Mudasir Mohammed Naseeruddin over four years imprisonment for ‘egregious conduct’ and dishonestly obtaining client funds from six inves...

Financial planning

Express pathway launched for specialist SMSF training

The SMSF Association, in partnership with the Financial Planning Association (FPA), is set to release an express pathway for the SMSF Specialist Advisor (SSA) program....

SMSF

ASIC cancels registration of over 350 SMSF auditors

The corporate regulator has taken action against hundreds of self-managed super fund auditors after they reportedly failed to meet compliance standards over several years...

SMSF

Former Melbourne planner pleads guilty to dishonest SMSF conduct

A former Melbourne financial planner has pleaded guilty to three counts of engaging in dishonest conduct regarding SMSFs while running a financial services business. ...

SMSF

Almost two-thirds of advisers helping establish SMSFs

Self-managed superannuation fund establishments have reached a three-year high, according to Investment Trends, with the percentage of advisers assisting in establishment...

Superannuation

Advisers’ SMSF client assets double in three years

Net assets per adviser in self-managed superannuation funds have more than doubled since 2019 as the adviser exodus means remaining firms are taking on more clients....

Policy & Regulation

ASIC cancels registrations of 10 SMSF auditors

ASIC has cancelled the registration of 10 auditors of self-managed superannuation funds who failed to lodge their annual statements....

Tools & guides

Keeping an SMSF investment strategy on track

There are specific requirements that only apply to trustees of self-managed superannuation funds, writes Tim Howard, including the allocation in their investment strategy...

Financial planning

Where does the solution to SoAs lie?

The solution to the complex and time-consuming Statements of Advice (SoA) lies somewhere between a one-page letter, as prescribed for accountants, and what exists today, ...