Miranda Brownlee writes an article for the website SMSF Adviser wherein she writes that the analysts are hammering out warnings to the self-managed super funds approaching retirement. The analysts feel that such funds are investing in assets with zero or pretty limited liquidity, hence compromising their minimum pension payments.
Author: Alan Preston Archives
A Mental Agility Test for SMSF Trustees
An article on the website DIY Super Online talks about a mental agility test which could prove a great help in deciding whether a trustee is fit enough to keep performing his role.
Joanne Earl, an NSW psychologist, has prepared a computer-based exam for the SMSF trustees which can be taken yearly. This can categorically tell whether the trustees are still fit (which, surprisingly, many trustees are even in their eighties) or have developed conditions including, but not limited to, senile dementia, Alzheimer’s, or Parkinson’s.
In such cases, trustees can read the writing on the wall and forego control before they can hurt the financial solidarity of their SMSFs; something that they themselves nurtured over years.
You can read the original article here.
Major Banks Set to Move Their Wealth Arm Towards SMSF
Sally Patten writes a piece for the Business Day section of the Sydney Morning Herald wherein she says that the chief banks of Australia could settle on selling their wealth arm to tackle low returns on equities and extract the best out of the fast growing SMSF sector.
The insurance and investment platforms procured in the first years of the new millennia have proved rather unsatisfactory vehicles of wealth creation and the major banks do not mind departing to the fresher pasture of SMSF.
The NAB, ANZ and CBA are surely mulling over the idea.
You can read the original article here.
AMP Follows Big Banks on SMSF Lending Changes
Katarina Taurian writes a piece for the website SMSF Adviser wherein she talks about a second-tier bank that has increased lending rates to restrict growth in the sector of investment property lending. The lending, talked about here, includes that which is taken in the name of SMSF.
15 Self Managed Super Fund Rules You Must Know
The self managed super fund is the strongest performing Superannuation sector in Australia. In a very short time, it has created a space for itself. The amount of flexibility and control it offers to you is next to none. I’m sure we all are aware of the advantages of self managed super funds.
However, it is also critical that you understand the rules governing your self managed super fund or you may end up wasting all the advantages.
Listed below are the most important rules for SMSF funds that you absolutely must know to keep your fund safe and growing. Ignore these and risk potentially hefty fines.
SMSF trustees Look Overseas for Portfolio Diversification
An article on the website Professional Planner talks about the report of a highly rated survey which says that the first quarter of 2015 saw a lot of SMSF trustees relying on overseas shares for the diversification of their portfolio.
