Keeping tabs on clients’ balances not exceeding the $1.6 million transfer balance cap may not be as challenging as the days of reasonable benefit limits (RBL), a technical expert has said.

Advisers must be proactive on their journey to professionalism and realise their position as community advocates as they engaged the clients of tomorrow and restored confidence in the sector, a standards body has said.

The outgoing chief executive of the SMSF Association has challenged SMSF practitioners to embrace their role model status and take control of their profession for the betterment of clients and the overall industry.

There are clear opportunities to reap from the incoming super legislation, but advisers and accountants who use a “work smarter, not harder” approach to the changes will be the clear winners, an SMSF expert has said.

Accountants should consider the various transition models that are available when it comes to passing their practices over to their next owners, rather than simply closing up their businesses, according to a specialist business exit advisory executive.

Investing and financial planning require discipline. Each year we need to review our plans. How were they implemented? What unexpected events happened? What can we learn from the past year and apply to the year ahead? Below is my list of what I will be taking out of 2016 and applying in 2017.