Online financial product advice provider Accountants Scaled Advice Platform (ASAP) has raised concerns over the creation of an SMSF advice “black hole”.

The effectiveness of the new Australian Financial Complaints Tribunal announced in the 2017 federal budget will depend on the ultimate structure of the organisation, a technical expert in the industry has said.

Chartered Accountants Australia and New Zealand (CAANZ) today announced Rick Ellis as its next chief executive.

Fractional online property investment platform BrickX has been awarded a superior rating from research house SQM Research, scoring four out of five stars.

The two key superannuation-related measures contained in the 2017 federal budget have no specified usage or expiry period, requiring SMSFs and superannuants to be vigilant around their plans to adopt either strategy.

SuperConcepts has reported it now supports more than 57,100 SMSFs and expects to benefit from scale and efficiency as the business continues to grow. 

Class has partnered with financial advice specialist Plenty Plus to enable accountants to offer financial advice services to their SMSF clients without the need for an Australian financial services licence.

SMSF Association chief executive John Maroney has revealed he will continue to execute the peak industry body’s vision as he settles into the role.

Measures such as the First Home Super Savers Scheme, the allowance for retirees to contribute part of the proceeds from the sale of the family home into super, and the amended treatment of limited recourse borrowing arrangements (LRBA) were likely to create greater administrative complexity while providing uncertain incentives for SMSF members, according to industry technical experts.