Archive | General News

Lifespan announced as a finalist in the IFA Excellence Awards – Dealership of the Year

It is our pleasure to announce that Lifespan Financial Planning was recently selected as a finalist for the IFA Excellence Awards 2015 for the category ~ Company Awards / Dealer Group of the Year The ifa Excellence Awards are an industry first and are the only industry awards dedicated exclusively to boutique and Privately owned […]

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SMSF trustees find investment selection was their most difficult task

Despite more than half of self-managed super fund (SMSF) trustees wanting more control of their investments, 27 per cent said investment selection was their most difficult task, according to a survey. The Investment Trends research based on AMP investors found 24 per cent found keeping track of changes to SMSF rules and regulations most difficult, […]

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Accountants in the dark over licensing process

Accountants remain confused about the process involved in the uptake of the limited licensing regime but they need to proceed quickly if they want to advise on self-managed superannuation funds (SMSF), the SMSF Association (formerly SPAA) warned. The association’s CEO, Andrea Slattery, said accountants remain nonplussed about the transition because they are unfamiliar with the […]

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Adviser influence on SMSF set-up wanes

Media reports and word of mouth have overtaken adviser recommendation as the chief factors driving investors to establish SMSFs, says Investment Trends. Speaking at the annual SMSF Adviser Strategy Day in Sydney, Investment Trends senior analyst Recep Peker said the “key drivers” encouraging people to set up an SMSF are the media and word of […]

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ATO warns accountants they face $500m shortfall

Accountants are likely to bear the brunt of a $500 million red-tape reduction initiative as the tax office streamlines its procedures, according to ATO second commissioner Geoff Leeper. Speaking at the Accountants Technology Showcase Australia in Melbourne last week, Mr Leeper warned accountants to move away from offering tax compliance services and concentrate on offering […]

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Clock ticking for Baby Boomers

Realities for retirees With increasing demands being placed on super funds as more and more baby boomers move to the draw down phase it’s time to rethink retirement income products, Paul Rogan writes. As more baby boomers move from accumulating super to drawing down for their retirement, it is fitting that both industry and government […]

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