Financial Services Council welcomes Investor Manager Regime

From

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. […]

continue reading

Addwealth launches superannuation fund

From

Niche player bucks the ‘beige’ trend in super Financial planning and funds management company Addwealth has today launched its own superannuation fund, the Addwealth Advantage Super Fund. The new fund, open to all, offers advisers a single, streamlined platform that incorporates investment options of cash, income and growth with a wide choice of retail insurance […]

continue reading

Russell enhances diversified products to include new strategies and tailored asset allocations

From

Russell Investments has today announced a series of enhancements to the strategic asset allocation (SAA) of its suite of diversified managed funds and pooled superannuation trusts (superannuation investment vehicles). They include three new sector strategies for its diversified portfolios and mean products that are more tailored to clients in areas such as liquidity and tax […]

continue reading

Family Trusts, Private Companies and Centrelink – how do the Attribution Rules affect your Retiring Clients?

From

This Article was updated on July 23, 2012 – To see the update click here . It is surprising how often I receive calls from advisers asking me to explain how Centrelink will treat their client’s family trust or private company, predominantly for Age Pension eligibility. (This story first appeared in the Journal of Financial Advice […]

continue reading

Shorten shows he’s listening

From

Bill Shorten, Assistant Treasurer and Minister for Financial Services and Superannuation has already demonstrated that he is a true advocate of the financial services industry, focused on ensuring that the interests of ordinary working Australians are best served. CEO of the Association of Financial Advisers, Richard Klipin said two of Mr Shorten’s first announcements – […]

continue reading

Budget deficit soars to record high

From

Federal budget The underlying budget deficit hit a record high of $63.3 billion in the twelve months to September 2010, indicating that the Government has plenty of work to do to reach its forecast deficit of $40.8 billion in nine months time. CommSec estimates that the budget deficit equates to 4.9 per cent of GDP, […]

continue reading

Maximising the value of your business

From

As we are regularly reminded by the media, we are entering a period of unparalleled intergenerational wealth transfer as the baby-boomer generation reaches retirement age. It’s also a period where a large number of small businesses owned by baby-boomers will change hands.  This high level of business transfer is completely unprecedented and could prove a […]

continue reading

2010 – How ‘healthy’ are Australian practices?

From

As Australia’s baby boomers move inexorably towards their retirement, many will turn to their financial adviser for help and guidance. How much will they need to fund their retirement? What about all those complex taxation rules? How can I begin to help my children out? And so the questions continue. This will undoubtedly place the […]

continue reading

Budget outcome: Better than expected… again

From

Federal budget update The Federal Budget deficit stood at $54.8 billion in 2009/10 (4.2 per cent of GDP), an improvement of $2.3 billion on the estimate made just four months ago at the time of the May budget. GST receipts hit record highs in 2009/10, up 9.2 per cent on a year ago. The budget […]

continue reading

SPAA welcomes new superannuation minister Mr Bill Shorten

From

SPAA looks forward to engaging the new minister on SMSF issues The Self Managed Superannuation Funds Professionals Association (SPAA) has today warmly welcomed the appointment of Mr Bill Shorten MP to the position of Assistant Treasurer and Minister for Superannuation and Financial Services. “We congratulate Mr Bill Shorten MP on his appointment as Minister for […]

continue reading