Plenty Plus will be launched as an exclusive solution for unlicensed accountants to tackle SMSF advice for their clients, relieving the compliance burden since the new licensing regime commenced on 1 July 2016.

The SMSF Association declared it is time to elevate the trust between advisers and their SMSF clients, as it had a critical impact on their fund’s decision making.

The latest SuperConcepts “SMSF Investment Pattern Survey” has provided tangible evidence that the 2016 federal budget’s proposed super changes are having a significant effect on SMSF trustee’s confidence in retirement savings, with a drastic fall in contributions in the June quarter.

While the real outcomes of the end of the accountants’ exemption would not be known until much later, it was the end clients who would instantly feel the change via limitations in the relationship with their accountant, according to an industry executive.

Recent analysis into SMSF data has revealed investors are continuing to retreat from the volatile stock market, after recording their lowest investment for five years in this asset class.

SMSF administration software specialist Class Super has entered into an integration arrangement with automated investment adviser and fund manager, Stockspot, allowing for direct data connection between the two parties to enable income processing and investment tax reporting.