The Alternative Investment Management Association (AIMA) has revealed SMSF trustees’ awareness and education level in relation to alternative investments have improved over the years, however, misconceptions about the asset class are still the sector’s biggest challenge.

Specialist SMSF service provider SuperConcepts has announced it will be increasing the size of its South Australian-based operation, with an additional 55 jobs created in its Adelaide office.

SMSF administration provider Xpress Super and RateSetter have forged an integration partnership increasing the type of investments available on the administration platform to include peer-to-peer lending.

A lack of diversification and limited exposure to debt-based products was constraining the portfolios of Australian SMSF trustees and a new approach to income investments was needed, according to marketplace lender Zagga.

SMSF advisers still have an opportunity to review their clients’ strategies and implement any last minute changes ahead of the start of the new financial year and the introduction of the latest super reforms on 1 July, according to a technical expert.