Advisers need to ensure decisions made about risk cover for SMSF members are well documented to avoid the possibility of litigation against them, according to an insurance specialist.

Accountants failing to inform their clients of the new superannuation changes starting from 1 July 2017 could be breaching a duty of care and found to be professionally liable for a financial loss or penalty, according to a technical executive.

SMSFs, particularly those close to or in retirement phase, are showing great interest in exchange-traded bond units (XTB) as they present an innovative way to gain access to the Australian bond market, which in turn helps to reduce portfolio risk.

The $1.6 million transfer balance cap coupled with the proposed change in contributions caps could lead to a spike in SMSF establishments in the immediate future, the partner of a chartered accounting firm has predicted.

The SMSF Association today welcomed the introduction into Parliament of the federal government’s legislation to lift the education and ethical standards of financial advisers.

SuperConcepts has added the DomaCom Fund to its low-cost fund administration service, iSaver, for SMSFs holding simple assets.

Spring FG has added the technology of NowInfinity to its mysuper247 platform, which will give Australians the ability to instantly set up an SMSF, as well as pick and choose the services of other leading financial service providers.