The ability for investors to make a portfolio allocation to managed funds offering market-neutral strategies is reducing, according to Zenith Investment Partners.

An advisory environment where full professional cooperation and respect between accountants and financial planners is standard industry practice may not be achieved until the next generation of practitioners establish themselves, according to a business analysis firm.

SMSF advisers will now have to consider carefully how they structure their clients’ risk cover either inside the super fund or external to it, a senior technical executive has said.