The Australian Securities and Investment Commission (ASIC) has banned former Magnitude Group financial adviser Jason Sean Atkins from providing financial services for three years after it found he had failed to meet the best interests duty.

As SMSF advisers struggle to keep up with the myriad changes in the SMSF space, it’s the fallout from events-based reporting that may have the most impact.

Ignition Wealth today announced the launch of a software technology solution that automates the process of assessing clients’ suitability to establish an SMSF, reducing the time and cost involved for practitioners.

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.