The federal government’s proposed tax on pension earnings over $100,000 is unlikely to be implemented due to its complexity, according to an SMSF sector expert.

Bailey Roberts Group’s internal web-based SMSF administration software is being developed for independent financial advisers (IFA) outside of the business to use.

Advisers, accountants and brokers servicing the SMSF sector are looking for more insurance education, training and information in order to boost their skills.

The latest research into the SMSF sector has shown a significant number of trustees would be willing to use an accountant currently only being used for tax advice for investment advice if they decided to offer it.

Younger people are becoming more attracted to SMSFs and are showing a greater level of engagement, debunking the myth that an interest in retirement comes later in life, a Macquarie Bank and SMSF Professionals’ Association of Australia (SPAA) study has revealed.

Financial adviser exchange-traded fund (ETF) usage has doubled in the past year, almost exclusively driven by their SMSF clients.

The use of promissory notes can provide greater flexibility when employing a gearing strategy within an SMSF, according to an expert servicing the sector.

Perpetual’s separately-managed account (SMA) model portfolio was almost specifically designed as a vehicle to target Australia’s $480 billion-plus self-managed superannuation fund (SMSF) segment, its portfolio manager said today.

Class Super has earmarked more rapid improvement to its existing reporting product with the $2.15 million capital injection resulting from CountPlus’s purchase of 1 million shares in parent company Super IP.