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What changes will ASIC make from its affordability review?

What changes will ASIC make from its affordability review?

by Shared by Independent Financial Adviser | May 21, 2021 | News

Addressing the Stockbrokers and Financial Advisers Association 2021 Conference, ASIC commissioner Danielle Press said the regulator had received almost 500 submissions over the course of its consultation on promoting access to affordable advice. Read more in...
ATO says travel expenses will be a focus for 2021 tax returns

ATO says travel expenses will be a focus for 2021 tax returns

by Karen Tan | May 20, 2021 | News

It is largely due to more people working from home, and generally not travelling at all, during COVID19 lockdowns – and work-related claims should reflect this. Assistant Commissioner Tim Loh acknowledges the pandemic has significantly changed people’s work habits,...
ASIC’s hands tied on affordable advice

ASIC’s hands tied on affordable advice

by Shared by Independent Financial Adviser | May 20, 2021 | News

Addressing the Conference of Major Superannuation Funds on Wednesday, Danielle Press said the advice industry was “at a turning point” where significant legislative change may be necessary to ensure consumers continued to access the services they needed. Read more at...
Why you should have your money with 1 of 18 superannuation funds

Why you should have your money with 1 of 18 superannuation funds

by Shared by nestegg | May 20, 2021 | News

Funds with less than $30 billion under management, Ms Rowell noted, cannot remain competitive, often charging members more for underperformance.Read more at nestegg
Employers urged to brace for SG increase on 1 July

Employers urged to brace for SG increase on 1 July

by Shared by Accountants Daily | May 20, 2021 | News

An increase to the superannuation guarantee (SG) is set to go ahead from 1 July which will see the base rate rise from 9.5 per cent to 10 per cent, followed by incremental half percentage point increases each year to 12 per cent on 1 July 2025. Read more in...
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