A media release on the website of Australian Securities and Investment Commission (ASIC) talks about the premier body’s further guidance to SMSF trustees so that they can better prepare and hand over retirement estimates to their fund members.
Tag: SMSF News Archives
Australians Seek Online SMSF Property Advice
An article published on the website Mortgage Business talks about the recent Australian penchant for online SMSF property advice. There is a clear hike in the number of investors seeking online videos for their property themes.
SMSF Investors Eyeing Global Equity Market
Cash allocations of SMSFs have reached record low proportions, reports Multiport SMSF Investment Patterns Survey. The cash holdings, reportedly, are being curtailed in favour of seeking the overseas market; higher returns in international equities being the major lure. Tim McArthur reports for the website The Motley Fool.
Federal Court Fines SMSF Trustees $50,000
In the event of breaching the SIS Act pertaining to loan to members, SMSF trustees can face exorbitant fines going up to $220,000. One such fine of $50,000 was handed down by the Federal court to a couple who were corporate trustees of a fund.
Automated Financial Advice for Super Fund Members
While there is no substitute for face-to-face contact, Super fund members may soon wake up to an alternative. Yes, in not too distant a future, fund members may begin to receive automated financial advice in “bite-sized chunks”.
Can SMSF Audits Be Fully Automated?
With continued advancement of artificial intelligence (AI), complete automation of SMSF audits clearly looks like a possibility, reports Katarina Taurian in an article for the SMSF Adviser. SMSFs, owing to their basic transaction structure can gain more from such automation. Of course, all this if machine learning and AI keeps improving!
