Despite the fact the proposed changes to superannuation included in the 2016 federal budget are yet to be legislated, advisers need to revise any existing SMSF strategies with their clients, the director of a top four accounting firm has said.

The latest Australian Prudential Regulation Authority (APRA) superannuation statistics have shown the SMSF sector remained the largest by asset value as at 30 June 2016.

Henderson Global Investors has made available a global emerging markets equity fund with a view to attracting significant fund flows from the retail sector, including SMSF investors.

SMSF service provider Triple A Super has introduced a new low-cost, cloud-based fund administration offering to the market.

News regarding the SMSF sector has never been so significant and so important as the generational shift shines a more intense spotlight on how individuals manage their financial security in retirement.

Revenue and Financial Services Minister Kelly O’Dwyer has revealed the consultation process regarding exposure draft legislation for the proposed changes to the superannuation framework will begin very soon. “Consistent with usual practice, we will listen carefully to advice on the design of the legislation,” O’Dwyer told the Financial Services Council Leaders Summit 2016 in Melbourne. […]