Opinion piece written by John Maroney, CEO, SMSF Association First published in Financial Review on 7 September 2022. Licensed by Copyright Agency. Accountants are crucial to DIY super funds yet their role has been overlooked in the Quality of Advice Review. When the Quality of Advice Review consultation paper was handed down recently, there was…
Over two days towards the end of July, I attended the SMSF Association’s Technical Summit as both a speaker and exhibitor. The event is conducted for industry professionals; advisers, specialists and those providing support, accountants and administrators to the SMSF sector. All up there were around 300 attendees, who were provided with two very full…
Opinion piece written by John Maroney, CEO, SMSF Association First published in Financial Review on 10 August 2022. Licensed by Copyright Agency. Recontribution tactics made possible by rule changes are a game changer for older Australians and their families. The 2021 federal budget introduced sweeping changes to superannuation, most of which have become law. Two…
With headlines talking of a volatile and challenging year to the end of June; citing geopolitical tensions in Eastern Europe, rising inflation and interest rates lead to equity markets here in Australia and overseas falling. It’s hard to keep any eye on the big picture that is our investment strategy, let alone the bigger one;…
Opinion piece written by John Maroney, CEO, SMSF Association First published in Financial Review on 14 July 2022. Licensed by Copyright Agency. The Future of Financial Advice Review offers an opportunity to get the balance right on compliance versus cost. For self-managed super fund investors, financial advice has gone from the sublime to the ridiculous.…
You do not need me to tell you that financial markets are experiencing ‘interesting times’. From what appeared as a full-on recovery in the economy and positive outcomes for investors late last year and early into the calendar year, we are hearing talk of bear markets and even a possible recession. And of course, those…
Opinion piece written by John Maroney, CEO, SMSF Association First published in Financial Review on 16 June 2022. Licensed by Copyright Agency. The sector is anxiously waiting to see if the Labor government will proceed with some crucial changes that were in the pipeline before the election. The self-managed super fund (SMSF) sector is anxiously…
‘Following the RBA’s decision to raise interest rates yesterday, we will be applying the full increase to all of our deposit and savings accounts immediately’, said no bank ever! And it probably will be sometime, if not decades before this becomes a true statement. Much, if not most of the commentary following the first rise…
Written by Guest Contributor – Ian Irvine While the results and final outcomes of last Saturday’s Federal Election are yet to be completed, it is certain that there will be changes to current policy settings and direction from the incoming ALP government. Before the election both the Coalition and ALP made it clear that they…
Opinion piece written by John Maroney, CEO, SMSF Association First published in Financial Review on 18 May 2022. Licensed by Copyright Agency. From July 1, they will be able to contribute without having to meet the work test, but they need to watch out for contribution caps and tax deductions. For self-managed super fund trustees, July…