A promoter of property purchasing strategies through an SMSF has been permanently banned from providing financial services and engaging in credit activity by the corporate regulator.

The Self-managed Independent Superannuation Funds Association (SISFA) has called out the Australian Institute of Superannuation Trustees (AIST) for making numerous prejudiced claims against SMSFs.

The latest industry research performed by the University of Adelaide’s International Centre for Financial Services and SMSF administrator SuperConcepts has revealed group and gender are significant factors in determining the investment philosophy of an SMSF.

Metric Credit Partners (MCP) has experienced immense support from investors, including SMSFs, with its Master Income Trust initial public offering, which closed yesterday, raising more than $500 million.

The number of trustees that are likely to leave their SMSF has doubled from last year, a recent industry report has found.

The date for a Federal Court hearing to determine if the DomaCom fractional property offering represents one trust only has been set, with the matter to be decided on in late November.

Class has announced Christopher Cuffe for election to its board as an independent non-executive director.

Fractional property investment firm DomaCom is one step closer to delivering its senior equity release (SER) product after a decision by the Australian Securities and Investments Commission (ASIC) to approve conditional relief, which allows the product to be delivered to market.