ASIC Information Sheet 274 has instructed practitioners to educate their clients on the costs associated with an SMSF beyond establishment.

SMSF trustees who receive financial advice are more likely to be receiving the most up-to-date information needed to run their own super fund.

A full disclosure of the government’s response to the Quality of Advice Review will be provided before it acts upon any of the resulting recommendations.

The FPA has called on the government to quickly assess the final report from the Quality of Advice Review submitted last Friday.