Brisbane-based PE firm Fortitude Investments has secured a majority stake in Australia’s largest independent SMSF auditor.
Seasoned superannuation and governance executive, Jocelyn Furlan, has joined the two superannuation trustee boards of Equity Trustees.
The rules which allow the trustees of major industry superannuation to pay fines from member funds are in need of change a panel has found.
Financial advisers are facing into increased regulatory levies but super funds, insurers and banks have had better news around the APRA levy.
Women’s retirement confidence has dropped, with the gap between expected and required income to retire comfortably now $1,500 per month.
Superannuation funds say they are concerned about the impact of the CSLR levy on financial advisers but don’t want to contribute to the cost.
The SMSF Association has pointed to the Govt’s failure to use the Budget to scotch policy around the taxation of unrealised capital gains.
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