The latest ATO statistics regarding the SMSF sector have shown asset allocations employed by trustees have remained fairly consistent over the past five years, dispelling the perception in some quarters these portfolios have increased weightings towards local bank stocks and residential property, according to the SMSF Association.

Australian fintech start-up the Accountants Scaled Advice Platform (ASAP) today launched its digital financial advisory platform service designed specifically for the needs of SMSFs and their accountants.

The pension environment will be made much more complex by the new superannuation legislation and will require careful planning strategies and greater due diligence, according to McPherson Super Consulting director Stuart Forsyth.

The Institute of Public Accountants (IPA) has voiced its opposition to the federal government’s new superannuation measure that will result in a reduction in the concessional contributions (CC) cap.

One of the most common arguments for the continual downward pressure on SMSF audit fees is that advances in technology have made the SMSF audit process cheaper.

Accountants must expand their value proposition, offer a higher level of service in order to future-proof their business and become an integral part of their clients’ lives, according to a recent industry paper.

The SMSF Owners’ Alliance (SMSFOA) has urged Parliament to pause and consider the repercussions before passing the sweeping changes to superannuation that will affect many Australians.

Adviser platform provider Hub24 has revealed new SMSF clients are now using its international separately managed account (SMA) offering as a result of advisers taking this approach when it comes to direct investing in overseas assets.