Extending SuperStream to SMSF rollovers gets thumbs up

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The Federal Government’s decision to release draft regulations to extend SuperStream to self-managed superannuation fund (SMSF) rollovers has the strong backing of the SMSF Association. The announcement, by the Minister... Read more continue reading

HUB24 records annual net inflows of $2.4b

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Quarterly update Record net inflows for FY18 of $2.4b, an increase of 24.1% on pcp June Quarter net inflows[1] of $739m, the 2nd highest quarter on record, with gross inflows... Read more continue reading

Unemployment rate falls to 5½-year low

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Labour force Employment rose by 50,900 in June after a 13,400 increase in May (previously reported as a rise of 12,000 jobs). Full-time jobs rose by 41,200 and part-time jobs rose... Read more continue reading

Growth Farms attracts cornerstone investor for new farm leasing fund

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One of Australia’s leading financial planning firms, Providence Wealth, has made a substantial investment in Growth Farms Australia’s new farm leasing fund, the Australian Agricultural Lease Fund, acting as a... Read more continue reading

MetLife Australia Appoints David Campbell Chief Operating Officer

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MetLife Australia has appointed Mr David Campbell as Chief Operating Officer and member of the Australian Leadership Team, effective 17 September 2018. Mr Campbell will join MetLife from TAL Life, where he... Read more continue reading

FASEA a major hurdle for SMSF advice

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Last week, FASEA released a consultation paper on the adviser examination that will be in place from January 1, 2019. This release completed a suite of FASEA position papers, from... Read more continue reading

Melbourne draws record Sydney air travellers

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Domestic aviation Air traffic: According to the Bureau of Infrastructure, Transport and Regional Economics (BITRE) there were 5.09 million passengers carried on Australian domestic commercial aviation (including charter operations) in... Read more continue reading

Sydney rental vacancy rates hit 13 year high rents down for the year

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The Sydney rental market has recorded the highest vacancy rate in at least 13 years according to SQM Research. Sydney’s rental vacancy rate rose to 2.8% in June with an... Read more continue reading

More clarity needed about advisers’ prior learning

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The SMSF Association is urging the Financial Adviser Standards and Ethics Authority (FASEA) to provide more guidance and certainty about how recognised prior learning for existing financial advisers will be... Read more continue reading

Report highlights impact of Royal Commission on planning profession

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Leading research firm Investment Trends has released its 2018 Planner Business Model Report, an in-depth study of Australian financial planners and their business processes. The report, now in its fifteenth... Read more continue reading