The new non-arm’s-length expense rules governing SMSFs need further clarification as to how they will be applied in some particular situations, financial advisers have said.

Consumer trust in the financial advice industry remains low, with more people turning to digital self-help advice tools than in previous years, a recent industry report reveals.

The full Federal Court has ruled superannuation rollover advice provided by two Westpac subsidiaries was personal in nature and a breach of their licence and obligations under law.