The SMSF Association has thrown its support behind the Australian Law Reform Commission’s (ALRC) recommendations in its final report on elder abuse as they encompass positive steps towards helping to mitigate possible risks faced by ageing SMSF members.

A specialist superannuation lawyer has suggested advisers apply a rule of thumb to determine the correct pension to commute in cases where a client’s transfer balance cap is greater than $1.6 million and they have an income stream that consists entirely of a tax-free component and another comprised entirely of a taxable component.

Owners Advisory founder and chief investment officer John O’Connell passed away suddenly last week at the age of 53.

The current industry climate of immense super changes and fast developments in technology presented an opportune time for SMSF practices to focus on new talent and resource needs, according to a financial services graduate placement firm.