The SMSF Association has come out in full support of the federal government’s decision to legislate the improvement of professional standards for financial advisers.

Plenty Plus will deliver its transactional solution for unlicensed accountants on its website this week, with the service already garnering strong interest in the marketplace.

The federal government last week released the final tranche of exposure draft legislation and explanatory material for the superannuation reforms first announced in the 2016 budget.

Class today announced it had achieved substantial growth in its billable portfolios, the majority of which were SMSFs, in addition to winning SMSF accountants’ business where they were moving over to the cloud.

Despite the complexity and multiple challenges presented by the draft superannuation legislation, the introduction of deferred annuities should provide SMSFs with some control and flexibility over their retirement income.

SMSF trustees and advisers are highly exposed to the threat of cyberattacks and must stay vigilant, as well as implement cybersecurity risk management practices, SuperAuditors director Shelley Banton has said.