It is normally a bad idea to let super funds borrow, but these aren’t normal times. There’s a (limited) case for allowing them to borrow from the Reserve Bank.
There are words you’ll need to understand. But imputation is complex, like the tax system.
Wes Mountain/The Conversation
Self-Managed Superannuation Funds (SMSFs) are the fastest growing sector of the superannuation industry, spiking by 33% between 2008 and 2012, putting them in the sights of both the super industry and…
Australia’s property market is heating up; but what role have self-funded superannuants played?
Self managed superannuation funds (SMSFs) have come under criticism from regulators amid concerns that the sector is over-investing in the residential property sector. The profession has hit back at the…
While ASIC Chairman Greg Medcraft this week warned the Australian funds management industry to clean up their act, in the UK, financial regulators will soon have the power to intervene directly in the market.
AAP
In opening the Australian Securities and Investment Commission (ASIC) forum this week, chairman Greg Medcraft pulled no punches. “Manufacturers [i.e. banks and financial institutions] - and, frankly, this…