The federal government’s intention to implement the Financial System Inquiry (FSI) recommendation to have the purpose of superannuation enshrined in law has been met with a mixed reaction from the SMSF sector. The SMSF Association welcomed the announcement and was optimistic about working with the government to shape the objective. “We have been a strong […]

Macquarie has introduced a new automated advice service to the market aimed at SMSF trustees and self-directed investors.

SMSF advisers and trustees need to be aware the ATO’s practical compliance guideline (PCG) issued last month regarding limited recourse borrowing arrangements (LRBA) does not cover all assets or all aspects of these types of gearing strategies, according to some sector experts. SMSF Design chief executive Tracey Besters pointed out the safe harbour circumstances outlined […]

The scrapping of the 10 per cent rule was one positive change in regard to superannuation that was contained in last week’s federal budget, according to a retirement savings expert.

The changes to the superannuation rules contained in last week’s federal budget had implications for financial planning software providers as some inbuilt strategies had now been compromised, according to NowInfinity principal Grant Abbott.

The changes to the superannuation contributions caps announced in the 2016 federal budget will make the administration of an SMSF a great deal more difficult, according to a technical expert for the sector.

The SMSF Association has given its support to the changes to the draft legislation covering the professional standards of financial advice.