A clear opportunity existed for SMSF advisers to proactively interpret market conditions for their clients, as well as help trustees navigate through new managed funds and investment strategies, a recent industry paper found.

The federal government needed to develop comprehensive guidelines for an equitable and flexible system that allowed Australians to live a comfortable retirement, the Actuaries Institute said in its submission to Treasury on the objective of superannuation.

The SMSF Association has called on the federal government to enshrine the objective of superannuation in stand-alone legislation and not as part of existing super or tax laws.

Small Australian Prudential Regulation Authority (APRA) funds (SAF) had gone relatively unnoticed as a considered recommendation or an alternative strategy for many SMSF trustees who would require advice regarding their options not only post 1 July, but right now, according to industry consultant John Wiseman.

The SMSF Owners’ Alliance (SMSFOA) has voiced its dissatisfaction with the Financial System Inquiry’s (FSI) proposed objective of superannuation and believes an aspirational approach should be used in defining its purpose.

Financial planning software provider Midwinter today announced a partnership with Licensing for Accountants to provide tailored compliance and advice technology for its limited licence holders, with strong interest already emerging.