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.

Vanguard Australia yesterday announced it would revise the strategic asset allocation for its suite of diversified funds from 1 July, which in turn would help trustees with the diversification needed to achieve their retirement goals.

AMP Capital chief economist Shane Oliver expects tomorrow night’s federal budget will contain a couple of items that will have an impact on SMSF members.

The ability for investors to make a portfolio allocation to managed funds offering market-neutral strategies is reducing, according to Zenith Investment Partners.

Opposition leader Bill Shorten’s suggestion that a ban on the use of direct borrowing by SMSFs should be revisited to help cool an overheated housing market has been labelled a poor attempt to attack the sector as statistics show no link to systemic risks.

The Loftus Peak Global Disruption Fund, covering listed global equities on major stock exchanges, has been awarded a four-star superior investment-grade rating following an independent review by SQM Research.

An advisory environment where full professional cooperation and respect between accountants and financial planners is standard industry practice may not be achieved until the next generation of practitioners establish themselves, according to a business analysis firm.

Class has introduced additional features to help accountants and SMSF administrators manage the government’s new superannuation reforms, in particular, tackling bulk commutation of pension accounts.