The SMSF Association’s chief has underscored the importance of collaboration between all sectors of superannuation in order to boost confidence in the $2.3 trillion retirement savings system.

Treasury has called for submissions in relation to the draft legislation governing the First Home Super Saver Scheme and the downsizing contribution measures contained in the 2017 federal budget.

The SMSF Association has announced it will establish a global centre of excellence for retirement savings, the body’s first major initiative under new chief executive John Maroney, who came on board in May.

Advisers will not need to worry about the distinction between the personal and general transfer balance caps (TBC) until these parameters have had indexation provisions applied to them, an SMSF technical expert has said.