Even amid falling interest rates, SMSFs allocated record amounts to Australian cash investments in the June quarter and virtually ignored overseas assets despite returns being pumped up by a falling Australian dollar, according to global brokerage firm Invast.

SMSF investors are showing interest in portfolios that move away from the standard market-cap-weighted approach and instead use a smart beta or equal-weighted approach, particularly in the international space.

The number of qualified audit reports regarding SMSFs with asset acquired before 1999 was likely to rise in the coming years as record-keeping for those assets began to decline due to the passage of time, according to an audit specialist.

Fractional property provider DomaCom has revealed it will push its Property SMSF to gen Ys, following early interest coming through from children of advisers’ clients.

Commonwealth Bank of Australia (CBA) has introduced two new online services for SMSF members using its CommSec or NetBank services.

Recent changes to Victorian legislation required advisers to pay extra attention to any new enduring power of attorney (EPOA) arrangements put in place, as all new appointments made must now meet the requirements in order to be valid.

SMSF advisers and accountants needed to make sure the correct client parameters were established for referral arrangements with other service providers in the sector to be truly effective, according to an industry consultant.

SMSFs were seeing the opportunity to invest in Australia’s only peer-to-peer (P2P) lending platform, RateSetter, with more than 25 per cent of its loans sourced from SMSFs.

The SMSF Association has thrown its support behind the corporate watchdog’s warning to Australian Prudential Regulation Authority (APRA)-regulated funds about potentially misleading statements to new and existing members.