SMSF

Financial planning

Opposition: FASEA a ‘monumental mishandling’

The Shadow Assistant Treasurer and Shadow Minister for Financial Services, Stephen Jones, has slammed the Financial Adviser Standards and Ethics Authority along with the ...

Policy & Regulation

FASEA standards trump other codes if stricter

Tax financial advisers must not follow existing flexible arrangements under the Tax Practitioner Board’s code if the Financial Adviser Standards and Ethics Authority’s eq...

Financial planning

Current advice process not an incentive

Financial advice can start with one piece and that can build to full advice later as the advice framework fails to lure Australians into receiving full advice, according ...

Superannuation

SMSF auditors under fire

The corporate watchdog has moved to disqualify, suspend, and add conditions on six self-managed superannuation fund auditors....

Superannuation

SuperConcepts AUM down 26%

The firm’s client numbers have taken a hit off the back of legacy issues and five years of mergers and acquisition....

People & Products

Charter Hall appoints new fund manager

Charter Hall has announced the appointment of Miriam Patterson from Telstra Super to the newly created position of fund manager, Charter Hall Direct....

People & Products

Class acquires NowInfinity

SMSF platform provider, Class has acquired Amreeta Abott’s NowInfinity....

Superannuation

Call to free SMSF members from default captivity

Older members of self-managed funds who are transitioning to retirement too often find themselves compelled into unwanted superannuation arrangements by enterprise agreem...

Policy & Regulation

Govt pressured to exclude SMSFs from DDO regime

Self-Managed Superannuation Funds should be exempted from the Government’s new design and distribution regime because they are not like other financial products, accordin...

SMSF

SMSF adviser banned for best interests failure

Wayne Blazejczyk recommended clients with low super balances to set up a SMSF and use an admin service he was the owner of and to invest in a fund that he was the investm...

Financial planning

ASIC bans Melbourne adviser for SMSF advice

Former Apogee adviser, Jihad Soleiman has been banned for six years for unqualified self-managed superannuation fund advice....

Superannuation

ASIC reinforces folly of low-balance SMSFs

The Australian Securities and Investments Commission has provided a Parliamentary Committee with data confirming that self-managed superannuation funds with balances belo...

Policy & Regulation

ASIC challenged on ‘scary’ SMSF factsheet

A key parliamentary committee chairman has challenged the Australian Securities and Investments Commission on whether it was trying to scare people with its self-managed ...