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Financial advice
The Association of Superannuation Funds of Australia has made clear to ASIC that superannuation funds want advice fee consent arrangements with financial advisers to be k...
Financial advice
Faced with the uncertainties of COVID-19 the Australian Prudential Regulation Authority has suspended new licensing for banks, insurers and superannuation funds. ...
SMSF
Charterhill director, George Nowak misappropriated $1.2 million in self-managed superannuation fund monies to fund a lavish lifestyle....
Funds management
The firm is reviewing staffing levels, senior management salaries, and directors’ fees as a result of the COVID-19 pandemic. ...
Superannuation
AustralianSuper may have undertaken a downward revaluation of some of its unlisted assets but still regards them as a steadier bet in volatile times than listed shares. ...
Superannuation
People will be able to take money from multiple superannuation funds to reach their early access limit, according to information released by the Australian Taxation Offic...
Institutional investment
State Street’s systemic risk index is approaching its highest levels on record, making it too soon for investors to feel comfortable with going back into the market....
Institutional investment
The relative resilience of US investor confidence might hint at an element of hope that this downturn will be short-lived, according to State Street Global Markets’ repor...
SMSF
Self-managed superannuation members who split will only be paid out if they have reached retirement or preservation age, a law firm has warned....
Superannuation
Anglican Super is accusing AMP Limited of being unreasonable because it has sought to suspend the fund’s successor fund transfer to Mercer citing COVID-19 market volatili...
Superannuation
Superannuation funds have received a letter from the two financial services regulators telling them to give top priority to having sufficient liquidity to make early rele...
SMSF
SMSF members will not have action taken against them by the Australian Taxation Office for reducing real property rent for tenants who have been financially impacted by C...
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...