An Australian Securities and Investments Commission (ASIC) investigation has resulted in the principal of Sherwin Financial Planners being charged with a number of fraud offences.

Specialist SMSF administration provider Class Super has extended its series of key relationships with other industry organisations with the announcement of a newly formed partnership with actuarial certificate provider Haintz Actuarial.

All parties, particularly lenders, involved in the limited recourse borrowing arrangement (LRBA) process for SMSFs should be made to hold specific designations, separate to the qualifications already available in the industry, an industry aggregator has said.

Financial advisers must have a set of procedures in place to facilitate the wind-up of an SMSF, according to an industry expert.

In its submission to the federal government’s tax white paper, the SMSF Association has expressed its preference for the tax rules applying to superannuation to remain unchanged.

Accountants must ensure they conduct ‘needs-to-solution’ client meetings, which incorporate full engagement tactics, as they successfully convert clients over to advice services.

Lobby group the SMSF Owners’ Alliance has formed a policy advisory council for the purpose of providing strategic advice to the body’s board on how to best represent the interests of its members.

SMSF administration software specialist Class Super has said it would spend the second half of the year building out its offering outside of the superannuation space to allow users to gain integration with other investment vehicles.

Brokerage fees charged to Australian investors for buying international equities were expected to come down significantly and could even become free in the next year, according to an industry executive.