No more free passes for SMSF breaches: ATO
The head of the tax regulator’s SMSF division revealed 75pc of trustees were being let off, but that is set to change after a review highlighted "ineffective" enforcement practices.
February 20, 2020
Surviving the Code of Ethics 101
UNSW Business School’s Dr Tracy Wilcox suggests advisers consider their ethical mindsets before getting too prescriptive about their Code of Ethics obligations.
February 20, 2020
‘That is crazy’: Hume bemoans lack of super choice
The Minister touted the government’s new ‘Your Super, Your Choice’ Bill and took a swipe at employers with enterprise agreements that lock employees into using unwanted default funds.
February 20, 2020
‘Strategic advice’ needs ratification by lawmakers: Maroney
Law makers need to recognise 'strategic advice' - as distinct from general advice and product advice - an idea the SMSF Association's John Maroney is pitching to government alongside accounting bodies and the FPA.
February 19, 2020
The licensee swap
Finding a new licensee requires a lot of beanbag sitting and coffee sipping for Dixon.
February 19, 2020
Downsizer opportunities sinking in: Heffron
Meg Heffron reckons the beauty of the downsizer contribution rule has taken a while to sink in, but advisers are now getting used to its nuances and adding it to their kit bag.
February 18, 2020
Calls mount for sophisticated investor rule review
Experts remain concerned that dated definitions put investors with the most to lose in front of the most risk. Thresholds based on almost 20-year old figures don’t help, either.
February 17, 2020
Mind the gap: Every licensee has its compliance shortcomings
In the high stakes area of compliance, every licensee will have its strengths and shortcomings. In a continuation of this series of columns, compliance expert Conrad Travers looks at what on offer in the market for advisers.
February 14, 2020
NAB’s WEXIT delayed again, plan remains a mystery
The company linked its remediation project, operational challenges and a torrid industry environment for yet another delay in the separation of its MLC wealth management business.
February 13, 2020
De Ferrari accepts bonus hike as AMP takes a bath on profit
The AMP board decided to award its CEO a 60pc increase in bonus incentives on the same day it announced shareholders wore a $2.5 billion net loss and 440 advisers left the company in 2019.
February 13, 2020
ALP supports FASEA extension through firmly gritted teeth
A Bill to extend the adviser exam and education cut-off date passed the house of representatives with the reluctant support of Labor MPs in Canberra yesterday.
February 12, 2020
Fee for service ‘the new normal’: Clearview
The listed provider’s managing director sounded off at its annual roadshow on evolving fee structures, dealer groups getting “shafted” and the “wall of regulation” facing advisers.
February 12, 2020
