Members of small and self-managed superannuation funds represent the second-fastest growing segment of Australia’s self-managed superannuation market, and the upcoming Investment Administration Conference will investigate what these sophisticated individuals want in terms of asset classes, control and reporting.
Sing with dolphins, laugh like a chimp
Each super fund member has a ‘money personality,’ and this should be recognised by funds in their communications to members, according to a specialist finance educator.
Industry funds shouldn't fear SMSFs: OneVue
Best-known as a separately-managed account (SMA) provider, OneVue is working with an industry funds veteran as it attempts to sell a more holistic investment vision into the not-for-profit superannuation space.
HostPlus' ultra-cheap option off to flying start
David Elia
Look, in the sky: it's venture capital's new rainmaker
Cloud computing is transforming business operations and has emerged as a major theme in the venture capital world, according to a San Francisco manager.
Get your receipts in order, and your I&T News mentions
Get your receipts in order, and your I&T News mentions Here’s a good reason to disclose everything to Investment Magazine and I&T News: the Australian Tax Office uses them in its audits. We know this because the subject of one of our stories once told us about an interesting phone call he had from Canberra’s finest. The auditor wanted to know why this individual was claiming a lump sum he’d received was a redundancy, rather than a termination payment which would attract a higher tax rate. “We’ve read the story about you in I&T News, and it makes no mention of downsizing,” said the beancounter. So the next time we reported on our man’s former firm, we took care to mention he had been retrenched – which in any case was the truth. A subsequent appreciative phone call indicated that the ATO matter had been resolved to his satisfaction. Still, it’s good to see the Tax Office looking under every rock when it comes to safeguarding consolidated revenue – with flooded cities to fix and a National Broadband Network to install, Australia’s gonna need every cent of it.
Get your receipts in order, and your I&T News mentions
Get your receipts in order, and your I&T News mentions Here’s a good reason to disclose everything to Investment Magazine and I&T News: the Australian Tax Office uses them in its audits. We know this because the subject of one of our stories once told us about an interesting phone call he had from Canberra’s finest. The auditor wanted to know why this individual was claiming a lump sum he’d received was a redundancy, rather than a termination payment which would attract a higher tax rate. “We’ve read the story about you in I&T News, and it makes no mention of downsizing,” said the beancounter. So the next time we reported on our man’s former firm, we took care to mention he had been retrenched – which in any case was the truth. A subsequent appreciative phone call indicated that the ATO matter had been resolved to his satisfaction. Still, it’s good to see the Tax Office looking under every rock when it comes to safeguarding consolidated revenue – with flooded cities to fix and a National Broadband Network to install, Australia’s gonna need every cent of it.
Stronger super: the devil’s in the detail
CEO of AIST, Fiona Reynolds, says efficiently implementing TFN identification and agreeing on universal data standards are the first steps in demonstrating to the Government the super industry is ready for, and able to implement, change. Finally the wait is over. After 18 months of looking at the super system, we now know what the Federal Government has planned for the industry and when it is going to be delivered. We might whinge about the amount of work that is ahead of us, but we can’t complain that the Government is not listening to us. Jeremy Cooper has reason to be pleased with the extent to which the Government listened to his panel, with 139 of his 177 recommendations picked up – including many of the key (but thankfully not all) recommendations on SuperStream and MySuper.
Europeans eye Australia for Asia exposure
Australian hedge funds returned 0.95 per cent in November 2010, taking the year to date performance to 5.72 per cent.
TOFA: it wasn’t all for nothing
Some in the financial services industry still wonder how they ever got caught up in the Taxation of Financial Arrangements (TOFA) legislation. Some lament that the Australian Custodial Services Association was not more successful in its lobbying for exclusion from obligations seen as primarily aimed at corporate finance. However now that TOFA has been live for more than six months, some indirect benefits are being hailed by practitioners. MICHAEL BAILEY reports.
