There has been an overwhelmingly positive response from the SMSF sector to the draft regulations for Treasury Laws Amendment (Self-managed superannuation funds—legacy ...
SMSF establishments are expected to exceed 30,000 for FY24 – the first time since the transfer balance cap was ...
Big four accounting firms EY, PwC and several other accounting firms have been selected as finalists at the inaugural ...
Over 70 per cent of SMSFs are not benefiting from access to professional financial advice, according to a new report
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SubscribeReferral relationships are one effective method for accountants to boost their client network as compliance work continues to wane
For some time now we have been talking about the options which accountants have under the Future of Financial Advice reforms (FOFA).
Essentially these are:
• make a business decision about whether to stay in the SMSF space or get out
• stay in but refer clients to a financial adviser
• become licensed as an authorised representative under an AFSL holder
• apply to ASIC for a limited or a full licence
• use a combination of a limited licence and referring clients for advice outside the scope of the limited licence
Much of the early discussion and focus has been on becoming licensed – either with a limited licence or as an authorised representative.
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