Recent analysis into SMSF investors has found a substantial outflow from listed trusts and separately managed accounts (SMA).

SMSF investors must ensure their enduring power of attorney (EPOA) document caters to all possible scenarios clearly, such as incapacity, to avoid leaving it wide open to disputes, an industry lawyer has said.

A trust deed with obtained consent to fire minority members can mitigate the risks of having children in an SMSF, however, it was not common practice, an expert SMSF lawyer has said.

Wealth professionals in the SMSF space will better interact with and capture next generation trustees by sticking to their key issues rather than getting into the finer details of strategies.

Advisers must have specific questions at the front of their minds in relation to the changeover to the new pension rules where deeming could potentially hit clients’ entitlements, according to a specialist superannuation lawyer.

The SMSF industry must position itself for the development of two discrete markets to capitalise on and sustain future business, the head of a data research house said last week.

A large majority of professional advisers expect their business’s SMSF revenue will grow by more than 10 per cent in the next three years, the latest industry research from CoreData has shown.

The SMSF service provider industry is large, diverse and flourishing, with firms extending their services away from traditional offerings in order to capture more opportunities, according to the latest Macquarie/SMSF Professionals’ Association of Australia (SPAA) research.