DIY may soon lose its frills
Article Abstract:
Small superannuation funds, also called DIY funds have been permitted as long as the Insurance and Superannuation Commission determined there was a clear investment strategy, purchases were thought out, and managers did not stray from the rules. However, things could change with regulation of DIY funds now being administered from the tax office. The move could also cause changes in the definition of excluded funds.
Publication Name: Personal Investment
Subject: Personal finance
ISSN: 0813-2992
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
The taxman cometh
Article Abstract:
Do-it-yourself (DIY) funds have become the fastest growing sector holding assets of $42.3 bil, which is 12% of superannuation assets in Australia. The main reason for such growth is the growing number of people such as business owners, wealthy managers, retirees, and other who want to do their own investing. However, several governmental changes have been proposed, making these funds stricter and tighter.
Publication Name: Personal Investment
Subject: Personal finance
ISSN: 0813-2992
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Industry funds results
Article Abstract:
Industry funds are the fastest growing of the retirement savings funds. In 1998, they increased by 22%, which places them second to self-managed super which increased by 23%. Rice Kachor, a research group, surveyed investment performances of over 50 industry funds and reported positive results for all of them. The average fund achieved a net growth of almost 10%.
Publication Name: Personal Investment
Subject: Personal finance
ISSN: 0813-2992
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: In a position of trust. Hit or miss mortgages. Keeping it in the family
- Abstracts: Wider choice in LMIs. Housing boom fuels GWT results
- Abstracts: Tarzan and the truth collide in the Catskills. It's indoor fire season. RV having fun yet
- Abstracts: In With The New. Passion for art brings rewards. Go Ahead, Make Me A Share Trader
- Abstracts: It's bargain buying season. Software help for residential investors. 1997 life insurance company of the year: Tower Life takes the top award - again