There is no simple fix for illegal early access if an SMSF member has accessed superannuation benefits before meeting a condition of release.

The $3.4 trillion accumulated in superannuation accounts across the country is set to play a role in funding initiatives in the Asia-Pacific region.

Compulsory superannuation has been recognised as the key driver to build retirement savings, but most retirees plan to keep it for future health needs.

Individuals who are looking to become SMSF trustees are on average getting younger, which is a sign the sector is in a healthy state.