Inadequate investment strategies were exposed by the minimum pension draw down changes introduced as part of coronavirus relief measures.

In order to prevent audit delays down the track, an SMSF’s investments must align with its investment strategy, an audit expert has said.

ASIC has been successful in its application to have secured debenture issuer M101 Nominees, promoted by the Mayfair 101 Group, liquidated.

The capital-raising COVID-19 relief measures implemented by ASIC and the ASX have advantaged large institutional investors and penalised SMSF and retail shareholders, the SMSF Association says.