Comparison site accused of making false representations
The Australian Competition and Consumer Commission has started proceedings in the Federal Court, claiming that iSelect made false or misleading representations in relation to its energy plan comparison service. The ACCC alleges…
Bennelong adds REITs to the mix
Fund manager Bennelong Australian Equity Partners is best known as an investor in growth stocks…
JP Morgan launches cryptocurrency
US bank JP Morgan has announced plans to issue its own cryptocurrency to be used…
Today’s Best Videos
Cutting SMSF red tape
The Government announced in the Budget that it would reduce costs and simplify reporting for…
Small lenders fill the SMSF lending gap
Commercial property lender ThinkTank is expanding its self-managed superannuation fund lending business, aiming to fill…
Fees for no service problem has not gone away: here’s how to protect yourself
Concerns about consumers paying fees for financial planning advice or other services but not getting the service they were promised, a central issue for the Hayne Royal Commission, have not gone away. Despite all the promises from financial institutions that…
Negative equity incidence ‘low’ and not a risk
The Reserve Bank has rejected suggestions coming from some quarters that around 10 per cent of mortgage borrowers are in negative equity. A review of house price falls and negative equity in RBA’s latest Financial Stability Review says the incidence…
Comparison site accused of making false representations
The Australian Competition and Consumer Commission has started proceedings in the Federal Court, claiming that iSelect made false or misleading representations in relation to its energy plan comparison service. The ACCC alleges that since at least November 2016, iSelect has…
Octopus renewables investment provides 20 per cent tax offset
Asset manager Octopus Investments, one of Europe’s leading investors in renewable energy, has turned its attention to the Australian market, where it believes there will be significant investment in renewables over the next 30 years. It has launched Octopus Early…
Bennelong adds REITs to the mix
Fund manager Bennelong Australian Equity Partners is best known as an investor in growth stocks that tends to avoid safe blue chips, infrastructure stocks and utilities. But in a surprising move the Bennelong Australian Equities Fund has built up a…
Move over managed funds, separately managed accounts are taking over
Investors who use financial planners are increasingly likely to have their planner recommend that they use a separately managed account. The problem is they don’t know what they are. Separately managed accounts are similar to traditional managed funds but instead…
ATO to shut down ‘inexperienced’ SMSF auditors
The Australian Taxation Office has issued a warning that self-managed super fund auditors need to have performed audit work regularly to maintain the practical experience necessary to do their job properly. The ATO says it is writing to about 100…
