OnMarket BookBuilds has issued an urgent call to action for the SMSF industry to block changes proposed by the Australian Securities Exchange (ASX) that will significantly reduce their already limited access to and participation in initial public offerings (IPO).

The SMSF Association is already in discussions with Canberra over its and the broader sector’s concerns about the proposed changes to superannuation announced in this year’s federal budget.

A financial services consultant has predicted the use of small Australian Prudential Regulation Authority (APRA) funds (SAF) will increase in the coming year due to a rise in the costs of running an SMSF.

People who have exceeded their concessional contributions cap may be forced to manage an extra layer of complexity in having to comply with the proposed $500,000 lifetime non-concessional contributions cap contained in the federal budget, according to a superannuation technical expert.

The SMSF Owners’ Alliance, together with the Australian Shareholders’ Association, Australian Investors Association, Small Self-managed Superannuation Funds Association and Save Our Super, have cautioned that the economic uncertainty caused by the Brexit vote should prompt the government to reconsider its superannuation tax policy should it be re-elected on Saturday.

National Australia Bank (NAB) Equity Lending is fielding more inquiries from trustees as they consider the action required to comply with the related-party limited recourse borrowing arrangement (LRBA) safe harbours.

Exchange-traded managed funds (ETMF) will experience strong market growth and take-up, particularly from SMSF trustees, as they move from traditional index investing and smart beta strategies to a newer third category.