The government has announced it will not be providing further compensation to two groups of investors in the collapsed Trio Capital.

The SMSF Association has included a recommendation in its 2016 budget submission to allow individuals to carry forward the unused amount of their non-concessional contributions cap, enabling them to make larger superannuation contributions when they have the capacity to do so.

Retirees, including those in an SMSF, needed to question and rationalise the level of fees when it came to active management as it was an issue receiving more attention, according to State Street Global Advisors (SSGA).

The SMSF trust deed is the most important document when a member passes away as it ultimately determines how the death benefits are distributed, a leading superannuation legal firm has said.