So much more than an advice fee consent form
Advisers will have to do more than seek the consent of their clients to maintain ongoing fee arrangements. They will have to warn of any loss or reduction of benefits that result from paying those fees. They will also have…
ATO gets tough on SMSF ‘non-lodgers’
The Australian Taxation Office (ATO) is warning self-managed superannuation trustees and their advisers that lodging annual returns late will result in a change to an SMSF’s fund status, risking their retirement savings. The harsh consequence is in response to nearly…
Australian gold ETFs surge on double-whammy attraction
Any investment holding its own on the Australian Stock Exchange in the COVID-19 crash is doing well; any stock that is in the black is doing very well indeed. But the two Australian dollar-denominated gold exchange-traded funds (ETFs) are certainly…
Not all gloom on the markets
“We’ve been selling umbrellas for three years of sunshine, and not many people have wanted one,” says Denis Donohue, Head of Investments at Pentalpha Investment Management. Pentalpha’s sole fund – the $17 million Pentalpha Income For Life Fund – opened…
IAG chief executive steps down
IAG chief executive Peter Harmer has notified his intention to step down from his role…