The new superannuation legislation passed last month has changed the requirements for when an actuarial certificate is needed to claim tax-exempt pension income when the assets of an SMSF are not segregated, leaving uncertainty over the importance of these documents in the future, according to a sector technical specialist.

The superannuation legislation outlining the new rules governing the retirement savings framework in Australia has already been shown to contain a number of faults, a specialist lawyer has observed.

Advisers and their SMSF clients need to be mindful of the differences between an individual’s total super balance (TSB) and their general transfer balance cap (TBC) before formulating relevant strategies such as those centred on contributions, according to a specialist lawyer.

The latest Australian Securities and Investments Commission (ASIC) report has revealed the regulator witnessed a late rush of limited Australian financial services licence (AFSL) applications.

The familiarity that individuals have of a particular company may help address the situation many SMSF investors are often accused of facing, that is, having disproportionately large portfolio allocations to Australian equities, a behavioural finance executive has said.

Class has added the ability to process information pertaining to international assets through incorporating direct-connected data feeds from HSBC in its SMSF administration software application.