Dealing with divorce has been flagged as a major issue that will affect advisers and SMSF trustees if the new super contribution proposals go ahead.

Australia’s first managed fund that invests solely in peer-to-peer lending has been launched, offering access to high yields and low volatility the asset class can provide for sophisticated SMSF investors and high net worth investors.

Limited recourse borrowing arrangements (LRBA) via SMSFs will be affected by the new safe harbour guidelines as well as bank lending rules and the latest interest rate cut, which could result in a lower natural level set for borrowing going forward.

The changes to superannuation announced in the 2016 federal budget, namely the $1.6 million transfer balance cap and the $500,000 non-concessional contributions lifetime cap, will have an impact on more than 4 per cent of the population and will effectively take away the retirement savings aspirations of many Australians.

BGL Corporate Solutions has provided Simple Fund 360 clients with a big data search capability to initially identify which of the SMSFs they administer are affected by the federal government’s proposed lifetime $500,000 non-concessional cap (NCC), with further enhancements intended.

Ascentiv Group has provided the Australian Securities and Investments Commission (ASIC) with an enforceable undertaking (EU) in light of the corporate regulator’s concerns over the appropriateness of advice provided to clients about the establishment and use of SMSFs.

Blockchain technology could have a direct impact on SMSFs in as little as two years as the Australian Securities Exchange (ASX) develops its blockchain trading platform and Treasury undertakes a review, with switched-on trustees predicted to be early adopters.

The proposed superannuation concessional and non-concessional contributions changes in the budget will impact at least 10 per cent of Class’s SMSF members, triggering the need for contribution strategy reviews as well as gaining access to lifetime contribution data.