Demand for specialist SMSF education is rising as advisers grapple with new superannuation reforms, according to SuperConcepts.
“With all the legislative changes it’s no surprise that advisers are struggling to keep up and that we are seeing increased demand for specialist SMSF training,” SuperConcepts technical services and education general manager Peter Burgess said today.
“And with all the recent discussion and debate about the new education standards for advice providers, it’s pleasing to see advisers have not turned their back on education and the importance of specialist SMSF advice training.”
SMSF advisers must be equipped with specialist knowledge as providing SMSF advice requires a comprehensive understanding of many sections of the tax and super legislation that need not be addressed when advising clients in public offer funds, Burgess noted.
These areas include in-house asset rules, the related party definition, residency and the ability to apply the sole purpose test, he said.
SuperConcepts has scheduled two extra specialist courses in both Sydney and Melbourne to meet demand for its three-day SMSF specialist course.
The specialist SMSF course is run in conjunction with the University of Adelaide and has been designed by SMSF experts.
It is presented by SMSF experts and is up to date with legislative changes and industry insights.
Advisers can attain 34 SMSF Association continuing professional development (CPD) points and 27 Financial Planning Association CPD points upon completion of the course.
Attendees who successfully complete the course receive a certificate of completion from the University of Adelaide certifying they have satisfied the RG 146 SMSF specialist knowledge requirements.
Assuming they have also completed an approved Tier 1 course in super, generic knowledge and skills, they would have then satisfied the Australian Securities and Investments Commission’s best practice guidelines in terms of having the skills and knowledge to provide SMSF advice.
The extra courses will run from 4 to 6 December.
