AIA Australia makes new product enhancements

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In response to adviser feedback, leading independent life insurance specialist, AIA Australia, has launched a suite of innovative product enhancements to its Priority Protection product, as well as a new range of free life support and counselling services for policyholders. Product enhancements include premium discounts for qualifying clients, potential tax benefits and an advanced crisis... Read more continue reading

Strategy for making contributions important to avoid excess risk, says expert at SPAA National Conference

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There are ways to manage excess contributions and contribution strategies to consider The halving of the super contribution caps has resulted in rising instances of people making excess contributions and attracting tax office penalties, but strategies exist to both remedy errors and maximise savings, according to Jemma Sanderson, Principal of Cooper Partners Financial Services. Ms... Read more continue reading

CommInsure and Tower share line honours in AFA/Plan For Life 2010 Life Company of the Year Awards

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Two insurers have shared line honours in the prestigious AFA/Plan for Life 2010 Life Company of the Year Awards (the Awards). At the Awards presentation in Sydney today, CommInsure and Tower were both named winners of the Platinum Risk Insurer of the Year Award.  CommInsure also took out the Service Quality and Investment Bond Award... Read more continue reading

SPAA National Conference: SPAA predicts year of clarity for SMSFs

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SPAA will work towards resolution of the excess contributions tax issue for investors and replacement of the accountants’ exemption as new SMSF issues emerge The Self Managed Super Fund Professionals’ Association has today predicted a year of clarity for the SMSF sector on issues such as limited recourse borrowing, replacement of the accountants’ exemption and... Read more continue reading

Dividends are back in fashion, so how do you know the designers from the fakes – Russell paper

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Russell urges investors to look beyond yield this reporting season With Rio Tinto upping its payout to shareholders and JB Hi-Fi, Cochlear and OZ Minerals following suit this reporting season, it may be tempting for investors to buy up dividend paying stocks. However, according to Russell Investments’ latest paper, Dividends are the new black –... Read more continue reading

FPA welcomes TFN legislation

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The FPA welcomes Friday’s announcement introducing draft legislation to enable Tax File Numbers (TFN) to be used by super funds as the primary source to identify superannuation accounts and match them with their members. Though lost super accounts are not a major issue for clients who have a financial planner, there are of course many... Read more continue reading

Global REITs to deliver 8-12% returns in 2011 underpinned by economic improvement and dividends, says INGIM

Global Real Estate Investment Trusts (REITs) are expected to continue to deliver positive returns for the third year running, as an improving global economy and growing dividends help them continue to emerge from the financial crisis, according to the 2011 global property securities outlook from ING Investment Management (INGIM). According to the report, total returns... Read more continue reading

SPAA calls for action on annual contribution caps and excess contributions tax in Federal Budget submission

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SPAA says superannuation caps must be returned to pre 2009 levels The Self Managed Super Fund Professionals’ Association has today called for excessively low superannuation contribution caps to be restored to their pre-2009 levels, to allow people to legitimately save for retirement and for a sensible, workable solution for those who inadvertently breach superannuation caps... Read more continue reading

Financial Services Council welcomes Investor Manager Regime

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John Brogden, CEO of the Financial Services Council, today welcomed the Federal Government’s changes to the income tax treatment of investment income of foreign funds. “The Investment Manager Regime was a recommendation of the Financial Services Council to the Financial Centre Taskforce (Johnson Review) and we strongly support the Government’s initiative today,” Mr Brogden said.... Read more continue reading

Leading strategist says ‘member as lender’ borrowing strategy may help SMSFs avoid excess contributions problem

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Financial planners should consider a ‘member as lender’ strategy to help SMSF clients who have contributed up to the limits of the super contribution caps but wish to contribute more to super The cap reduction in the 2009 Federal Budget and incoming means testing will make it more difficult for the over 50s age group... Read more continue reading