Class has partnered with financial advice specialist Plenty Plus to enable accountants to offer financial advice services to their SMSF clients without the need for an Australian financial services licence.

SMSF Association chief executive John Maroney has revealed he will continue to execute the peak industry body’s vision as he settles into the role.

Measures such as the First Home Super Savers Scheme, the allowance for retirees to contribute part of the proceeds from the sale of the family home into super, and the amended treatment of limited recourse borrowing arrangements (LRBA) were likely to create greater administrative complexity while providing uncertain incentives for SMSF members, according to industry technical experts.

Vanguard Australia yesterday announced it would revise the strategic asset allocation for its suite of diversified funds from 1 July, which in turn would help trustees with the diversification needed to achieve their retirement goals.