The SMSF Association has thrown its support behind the corporate watchdog’s warning to Australian Prudential Regulation Authority (APRA)-regulated funds about potentially misleading statements to new and existing members.

Financial planning firms must use new communication methods to ensure they stay front of mind with SMSF clients, particularly the younger generations, who are digitally savvy, do their research and are instantaneous in their behaviour.

Industry research specialist CoreData, in conjunction with selfmanagedsuper, hosted the third annual SMSF Service Provider Awards in Sydney on Thursday evening, recognising the best market participants determined by financial advisers and accountants.

Independent financial planning and accounting firm GPS Wealth has unveiled a free online application that allows accountants to accurately determine the appropriate licensing solution for them in just 60 seconds.

Supercorp’s front-end portal, ViewSuper, has created strong engagement between advisers and SMSF trustees since its release in May.

Legal document provider Topdocs has partnered with BGL Corporate Solutions to launch a time-saving feature, with further streamlining planned for the future.

Accountants choosing not to act at all in preparation for the licensing regime next year could find themselves in trouble nevertheless, according to a specialist SMSF lawyer.

A continuous flow of information between auditors and administrators would help close the gap between the two parties and result in a better outcome for trustees, according to an audit specialist.

The age of digital disruption was expected to prompt a dramatic decrease in the number of players involved in SMSF administration, according to an administration specialist.