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Young workers seek hands-on SMSF

YOUNGER generations are now looking to open self-managed super funds, a new survey has found. Russell Investments and the SMSF Professionals Association of Australia’s research shows about 14 per cent of Generation X (31-45 years) and 10 per cent of Generation Y are looking to […]

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ASIC confirms involvement in 11th-hour FOFA deal

The Australian Securities and Investments Commission (ASIC) has confirmed it was consulted on technical issues around opt-in and codes of conduct at around the same time the Financial Planning Association (FPA) was said to be negotiating with the Industry Super Network (ISN) around last-minute changes […]

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High fees could spark accountant exits: IPA

The Institute of Public Accountants (IPA) has raised concerns over the significant increases in ASIC fees, with the association claiming the increases could cause a number of its members to exit the industry entirely. IPA executive general manager of representation and innovation Vicki Stylianou told […]

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Coalition clears up FOFA questions

With FOFA legislation due for debate in the Senate next month, the Opposition’s spokesperson on Financial Services has provided details on what FOFA would look like under a coalition government. Speaking at an Association of Financial Advisers Budget reply lunch, Senator Mathias Cormann said the […]

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2012-13 Federal Budget – Superannuation Announcements

Last night the Government handed down the 2012-13 Federal Budget. The budget lived up to its reputation as the toughest budget in decades with the Government returning the budget to surplus. The budget forecasts strengthening surpluses in each of the next four years with a $1.5 […]

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