Recently released draft exposure legislation will require trustees of super funds, including SMSFs, to exercise their powers in the best financial interests of beneficiaries and require APRA-regulated funds to support their expenditures with evidence.
The latest industry research has shown SMSFs with low balances grow to levels allowing them to become cost-efficient very quickly.
An interesting finding in the federal government's Retirement Income Review report is that many Australians are dying with the majority of the wealth they had when they retired.
Australian superannuation funds have crawled back the losses experienced during the COVID market crash and now have “a good chance” of finishing the calendar year in positive territory, new research has…
Data only just released by the Australian Tax Office, detailing the asset allocations for all SMSFs in the quarter to the end of June, shows there was still a large investment weighting at that time towards cash and term deposits.
Trustees must ensure any purchase from a related party is not a proxy for a loan or financial assistance to avoid breaching their obligations.
Recent research has revealed that more than half of retirees are projected to fall short of their desired retirement income level by more than 10 per cent, says Russell Investments.
While the government has announced plans to increase governance over the performance of super funds, super members will still need to actively monitor the performance of their fund to avoid being stapled to an underperforming one, says a mid-tier firm.
Investors should brace for the reality of the underlying economic situation to “kick in at some point” – which could have dire consequences for retirees and anyone who is looking…
He is also an accomplished presenter and educator
Co-authoring the popular investment book, Property vs Shares. 