SMSF trustees are uneasy with their personal financial information being sent offshore by accountants and advisers, a new survey conducted by Superfund Wholesale has found.

SMSF administrator Xpress Super has experienced organic growth of 100 per cent during the 2017 financial year and chief executive Olivia Long is confident the trend will continue in the new year.

BGL Corporate Solutions has released Simple Fund 360 Version 3.0, which is specifically designed to support the 2700 firms with over 140,000 SMSFs currently using the software.

Class has announced boutique SMSF service provider Super Know How as its latest partner to integrate with Class’s unique audit functionality.

The changes to the superannuation system could be increasing the risk levels involved for financial advisers due to their restrictive nature and the increasing need to put strategies in place as early as possible to facilitate the best possible client outcome, according to a technical expert.

SMSF advisers are feeling bogged down by all the new super changes and are likely to be working through them beyond Christmas, a specialist sector lawyer has said.

SMSF accounts in accumulation phase are projected to hold $236 billion in funds under management (FUM) and comprise 9 per cent of total assets by 2026, down from 14 per cent in 2016, according to the latest figures from DEXX&R.

Financial advisers need to use suitable benchmarks to assess the performance of their clients’ SMSFs in order to give trustees the best possible opportunity to make informed investment decisions, an investment analyst has said.

Mathematical financial modelling specialist Optimo Financial is in the process of developing its online personal finance modelling system to make it applicable for an SMSF audience.