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Online financial tools your family and friends can use.
Overcoming our behavioural barriers to saving
Good financial planning finally has a value: 23% more in retirement
‘Unintended consequences’ threaten SMSF tax reform
Retirement income: every bit counts
ASFA continues to sound warnings on retirement savings
Market Update - October 2014
The little-known rule with huge implications for self-managed super funds
Grappling with the uncertainties of retirement
Change to ATO decision relevant to SMSF in-house assets
Taking a personal perspective on the global super challenge
Some terms defined - Super & Investment
The perils of market-timing and over-confidence
Market Update – 30th September 2014
Hardly a do-it-yourself job
Super insurance: wide coverage, limited understanding
ASIC eyes SMSF loan sign-off
Redesigning retirement incomes policy - from the ground up
Industry terms
Market Update - August 2014
Keeping to super's sole purpose
Taxing times for self-managed super funds
The relationship between SMSFs and their advisers
How family financial planning opened the door to a holistic advice career
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Articles
A few screws loose?
Super & Retirement Question
The true measure of financial strength
Small Business & General Business Tax Break
Investment Markets Data - To 28th February 2009.
Super beyond the gloom
Why do companies care when their share price falls?
Reduction to minimum pension drawdowns for 2008/09.
Double-edged sword
Investment Market Data - to 31st January 2009.

Fed to use all tools to help US economy

Lessons learned the hard way

Superannuation Funds Allowed to Give Guidance

More cruel advantage in a troubled market
Investment Markets Data - To the 31st December 2008

Superannuation Funds Allowed to Give Guidance

As yet another repercussion of the global credit crisis, the rules regarding financial advice have changed.


 Australian Securities & Investments Commission has granted superannuation funds temporary relief (if they apply) to help members.

Until now a superannuation fund is not permitted to give any advice, but it can always provide information.

Now it can provide ‘guidance' as long as that is not advice.

The guidance is limited to explanations of types of investments, implications of rollovers and loss of benefits, tax and insurance consequences and reminders about the long-term nature of superannuation and return/violability characteristics.

Is that really much help to anyone in a panic? Unfortunately, funds and to a lesser extent advisers are constrained upon what can be said in a telephone conversation.

Further relaxing of rules is warranted.

 

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27th-January-2009

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