SMSF Association welcomes franking credit recommendation
The SMSF Association has welcomed the Senate Economics Legislation Committee’s recommendation that the federal government review the legislative amendments that target franked distributions funded by capital raisings.
June 06, 2023
Reckoning due for businesses reliant on capital injections
Businesses with razor thin margins will need to review their balance sheets, according to a pair of insolvency experts. The cost of doing business has increased significantly and market conditions have placed further pressure on profit margins.
June 05, 2023
Cboe launches Global Listings
Securities and derivatives exchange network Cboe Global Markets has launched Global Listings, which will facilitate worldwide access to capital and secondary liquidity for equities and ETFs.
June 05, 2023
Pressure mounts on institutions to do more to prevent scams
The pressure on banks and financial institutions to step in and prevent their customers from financial losses from investment scams continues to mount. While scrutiny is being applied to banks at the moment, other institutions need to be on the alert.
June 05, 2023
MA Financial appoints global asset management veteran as MD
Diversified financial services firm MA Financial Group has appointed global asset management veteran Anthony Habis as managing director, as well as the head of real estate partnerships in its asset management division.
June 05, 2023
The smiley face curve that shows what people are willing to pay for digital advice
The youngest and oldest Australians are willing to pay for digital advice services, with a dip among the 35 to 54 year olds – a mix of older millennials and younger Gen Xers – according to research from Otivo. This could have startling benefits to cohorts that are currently priced out of holistic, human-led advice.
June 02, 2023
ASIC releases first FSCP finding
An adviser who impersonated a client during two telephone conversations with a bank is the first to be reprimanded by the ASIC Financial Services and Credit Panel. In line with previous guidance, the name of the planner has been left out of any public notice.
June 02, 2023
FSC to implement New Life Code of Practice next month
The Financial Services Council has reminded the industry it will implement the New Life Code of Practice on 1 July 2023.
June 02, 2023
IFM Investors and ISPT mull merger
Industry super fund-owned IFM Investors and ISPT are considering merging at the behest of their common shareholders, the fund managers said in a joint statement on Friday as asset owners look to cut management fees amid lower returns.
June 02, 2023
ASIC issues first of its kind stop orders for Spaceship Super, Mitrade
The corporate regulator has issued first of its kind stop orders against a superannuation product and a CFD product for deficiencies in their Target Market Determinations.
June 02, 2023
FirstChoice ranks first for overall satisfaction: report
CFS’ FirstChoice platform has ranked first for overall satisfaction in the ‘2023 Wealth Insights Service Level Report’.
June 02, 2023
CareSuper and Spirit Super agree to merge
Industry super funds CareSuper and Spirit Super will merge in late 2024, creating a combined fund with more than 500,000 members and almost $50 billion in Funds Under Management.
June 01, 2023
