Financial advisers and their clients alike should consider transferring any business premises into their SMSFs as they begin to shift into pension phase, according to a sector expert.

Interacting promptly with the Australian Taxation Office (ATO) when superannuation taxation disputes arise provides advisers with the best chance of resolving their clients’ cases, as well as reducing costs, according to an industry lawyer.

Whether to provide annual or daily administration services for SMSFs comes down to several factors, including what is appropriate for the client/adviser combination.

Assistant Treasurer Arthur Sinodinos yesterday said the government would not undertake a specific review of limited recourse borrowing arrangements (LRBA) in the SMSF sector.

SMSF auditors must address and take greater notice of compliance issues at the start of the audit process, as many practical problems were still occurring regularly, according to a leading SMSF auditor.

The majority of SMSF trustees in pension phase are worried about investment and the associated risks, with a high level of concern about a share market decline, according to new research by Vanguard and Rice Warner.

Specialist SMSF service provider Heffron SMSF Solutions has developed a modified version of its Accountant Outsource offering for firms using BGL Simple Fund.

Acquisitions of SMSF businesses are expected to rise this year as competition increases among service providers, according to a broking principal.

Bell Direct has announced a deal with SuperGuardian to manage all of the administrative aspects of the independent online broking company’s integrated SMSF solution.