A Senate committee has recommended SMSFs be allowed to accommodate six members, but dissenting senators called for greater regulation around SMSF advice.

The benchmark measures to be used in the YourSuper comparison tool announced as part this year’s federal budget superannuation reforms could be detrimental to long-term fund behaviour.

Single-solution superannuation offerings prevent fund members from finding the best contribution and investment mix for their retirement goals.

A technical specialist has predicted indexation measures likely to be applied to the concessional contributions cap could lower the total super balance limits determining the ability for individuals to make non-concessional contributions.

Trustees must ensure any purchase from a related party is not a proxy for a loan or financial assistance to avoid breaching their obligations.

SMSFs could eventually have a mandatory annual performance assessment applied to them as an extension of the measure introduced for MySuper funds in the federal budget, technical experts have predicted.