The super industry could prepare for the ageing population by pushing government to consider a two-tiered approach to the system in order to relieve future strain on the budget, a senior public servant said today.

The super industry must communicate a richer picture, in intuitive terms, of superannuation and retirement, as the framing of these concepts plays a fundamental role in the way Australians understand and behave during their life cycle.

The SMSF Association has flagged it is now time for continued modifications to the superannuation system to cease in order for the industry to prove its integrity and build trust with Australians and SMSF trustees.

Spring FG believes it will emerge as a leading competitor in the SMSF space as there is strong client demand for full financial services.

The SMSF Association’s 2015 federal budget submission has called on the government to provide a more equitable superannuation system through continuing the Low Income Superannuation Contribution Scheme and raising the concessional contributions cap.

Portfolio management software provider Sharesight will continue to seek opportunities to build out its partnerships this year, following the recent addition of Esuperfund and Ebroking.

The increasing costs of providing SMSF administration is a concern needing to be addressed in the coming years, according to a specialist service provider in the space.

The ATO has new powers, called Superannuation Guarantee Estimates (SGE), designed to protect the retirement savings entitlements of workers where a company is on the verge of liquidation.

Financial education content developer Money101 has launched an online SMSF facility to assist practitioners with their professional development commitments.