ASIC warns real estate industry about recommending property investment through SMSFs

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ASIC has warned the real estate industry that agents recommending investors use a self-managed superannuation fund (SMSF) to invest in property must ensure they are appropriately licensed to provide the... Read more continue reading

AMP SMSF acquires Supercorp’s administration business

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AMP SMSF has acquired the SMSF administration business of Queensland-based administration and superannuation software developer, Supercorp Pty Ltd, effective immediately. AMP SMSF will wholly acquire Supercorp’s daily and annual administration... Read more continue reading

Tyndall AM and Ignis enter strategic alliance

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Tyndall Investment Management Limited (Tyndall AM) and UK-based Ignis Asset Management (Ignis) have announced a strategic alliance in Australia. Under the terms of the agreement, Ignis will sub-advise new absolute... Read more continue reading

Technical education and personal development top the list for delegates at Professionals Congress

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Technical education and self-development emerged as core professional development principles for financial planners at the Financial Planning Association’s (FPA) Inaugural Professionals Congress. The event, which took place in Sydney on... Read more continue reading

Higher cap will help people be self sufficient in retirement

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The SMSF Professionals’ Association of Australian (SPAA) wants the Coalition Government to increase the concessional contribution cap above the current $35,000 limit to help meet the aspirations of all Australians... Read more continue reading

Solid spending but inflation contained

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Retail trade; Inflation gauge; Job ads Retail spending up: Retail trade rose by 0.8 per cent in September, well above market forecasts. Adjusting for inflation, retail trade rose by 0.7 per... Read more continue reading

CFS FirstChoice Multi-Index suite of funds ‘Recommended’ by Zenith

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Colonial First State’s FirstChoice Multi-Index funds have been awarded a ‘Recommended’ rating from Zenith Investment Partners. Zenith described CFS’ FirstChoice Multi-Index funds as ‘a compelling offering for investors seeking a... Read more continue reading

Adelaide Bank appoints new head of broker distribution

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General Manager of Adelaide Bank, Damian Percy has announced a new head of broker distribution to lead the Adelaide Bank Broker Distribution Division at the national level. Mr Percy said, “I... Read more continue reading

Weekly market & economic update – week ending 1 November

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Key events of the past week and implications The past week saw share markets gain but indications from the Fed that it has left open the possibility of a December... Read more continue reading

The participation rate is falling – why?

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The Australian labour market is soft.  Employment growth has slowed, the unemployment rate is trending higher and job vacancies are low. But the increase in the unemployment rate has been... Read more continue reading