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.
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.
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.
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.
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.
In an article for the website SMSF Adviser, Miranda Brownlee writes that the proposal by industry stakeholders to minimize Super balance and enhance taxes is being slammed by the lobbyists of the SMSF sector.