The increased uncertainty and volatility following the recent decision made by voters in the United Kingdom to leave the European Union could have a negative short-term effect on the value of SMSF investments, according to a new industry paper.

The modest economic impact of Brexit means SMSF investors will need to focus on how the resulting volatility could impact on their portfolios and investment opportunities going forward.

The start of the new financial year coupled with proposed superannuation changes means it is an especially good time to review SMSF arrangements and make any changes or updates that are required to ensure funds are compliant and able to implement future changes easily.

BGL Corporate Solutions has increased the number of SMSFs on its Simple Fund 360 platform, with 5000 funds committed to be migrated from independent specialist SMSF firm More Super.

The SMSF Association is continuing its push for a sustainable and measured policy approach to superannuation in the wake of the recent federal election and will continue to lobby for super objectives and principles to be enshrined in legislation.

Independent online platform ESIC Hub will begin to provide SMSFs with investment access to the new asset class of early-stage innovation companies (ESIC), which will also provide trustees with significant tax benefits.

Political parties that continued to pursue super policy changes would do so at their own electoral peril, as demonstrated by the clear message from the recent election result, according to an industry executive.

Knowing which assets to leave or switch back to the accumulation side of an SMSF is crucial for the optimal tax effectiveness of the fund in light of the proposed $1.6 million transfer cap, an SMSF expert has said.